Record-low rates are helping transform the 15-year mortgage from a rarely used instrument into a popular option, especially for homeowners refinancing their loans. In November, 23% of refinance applications were for 15-year loans, according to theMortgage Bankers Association. That's up 51% from a year earlier.
Articles written by HousingWire Staff are non-bylined, and typically involve press release coverage and aggregation of coverage appearing elsewhere. So who put all these together? Our entire staff does!
In HousingWire’s inaugural Rising Stars program, nominations were accepted for anyone under 40 leading in the housing finance space — in lending, servicing, investing or real estate. Our awards don’t just recognize future potential; we wanted to spotlight those who have already made their mark by starting new businesses, helping to run major corporations, or innovating new systems to move markets forward..
When Arthur Nelson, a professor at the University of Arizona, went shopping for a home in Tucson recently, he found plenty of senior citizens trying to sell their homes — but at prices far more than what they were worth. "I was amazed at the number of homes that were overpriced by about 25% where the owners were seniors," he said. These seniors would barely counteroffer, taking so little off the asking price that it wasn’t worth negotiating, Nelson said. Read More
Some industry observers have been predicting the demise of this market since Blackstone, the largest purchaser of single-family rental homes, announced plans to slow down its acquisition volume earlier this year. But the data paints a very different picture. Read More