Mortgage Rates Are Inching

Mortgage Rates Are Inching Toward 7 Percent

Mortgage Rates Are Inching Closer To 7%. Rates Are Up 13 BPS In Less Than 24 Hours. Is There Really A Recession Coming? Mortgage rates are inching closer to 7% and here is why. Economic data indicates that the economy has remained resilient. This is despite the Federal Reserve tightening monetary policy and raising rates.  […]

Fix-And-Flip Lender Kiavi Lays Off 7% Of It’s Employees

The Fix-And-Flip Lender Eliminated 39 Positions To Ensure It Can Survive Through 2023 Fix-And-Flip lender Kiavi has laid off 7% of it’s employees. Kiavi specializes in fix-and-flip and investor loans. An email sent to employees on Wednesday morning said Kiavi wanted to, “reduce our cost structure and protect the financial health of the company.” Kiavi’s […]


PennyMac Tries To Stop Mass Exodus Of Customers

PennyMac Tries To Stop Mass Exodus Of Customers By Offering 90 Day Rate Locks  PennyMac has launched a product that will freeze mortgage rates for as long as 90 days. The California based lender is hoping to attract attract and retain customers in a volatile economy.  PennyMac has dubbed the program “Lock & Shop.” The […]

Federal Reserve Chair

Federal Reserve Chair Says A Double-Size Rate Hike Coming In May

Federal Reserve Chair Says A Double-Size Rate Hike Is On The Table In May. Thus, Making Mortgages, Car Loans, And Credit-Card Interest More Pricey. Federal Reserve Chair Jerome Powell said Thursday that the fed will soon issue a double-size rate hike. The central bank wants to ramp up its fight to cool inflation. The Fed’s […]

surging mortgage rates

Surging Mortgage Rates Are Driving Away Home Buyers

Post Pandemic Surging Mortgage Rates Are Driving Home Buyers From The Market Causing Prices To Plummet Surging mortgage rates are making an already tough U.S. real estate market for prospective buyers even tougher. They have faced double-digit price increases and cutthroat competition for listed properties. Now they are facing another challenge of rising mortgage rates. […]

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