Blog
Drone Approval, and its Impact on Real Estate
Krishna Thakker has a piece on The Street on the Federal Aviation Administration's approval of small drones to take video and pictures. Individual states will develop their own sets of rules, but access to this technology will enhance prospective buyers' understanding...
30-Year Mortgage Rates Continue to Fall
Bankrate has an article on current rates with the hyperbolic title: Mortgage Rates Plummet. Rates have not actually plummeted, but 30-year loan rates are at an impressive low. With rates expected to increase over the coming weeks, it's a good time explore your...
Happy Independence Day!
Housing Agency Reaffirms Commitment to Struggling Homeowners
Edward L. Golding, principal deputy assistant secretary with the Department of Housing and Urban Development, in a piece from the New York Times, restated the agency's commitment to struggling homeowners, and pledged to offer every assistance available to help them...
Brexit Bright Side
The vote affirming Great Britain's departure from the European Union has caused major division within Britain and elsewhere, but it could have a positive impact on mortgage rates. Rates are already at 3-year lows, and experts forecast another potential decrease. More,...
June’s Hottest Real Estate Markets
Realtor.com published a list of the 20 hottest real estate markets in the U.S. for June 2016. Overall, homes for sale are moving off the market 2% faster then they were a year ago. Dallas and San Diego broke into the top 5 this month, while Los Angeles and Grand...
Mortgage Applications Up Nearly 3%
Diana Olick with CNBC reports that mortgage application volume was up nearly 3% last week, compared to the previous week. This makes applications almost 35% higher when compared to the volume from a year ago. Rates remain at a 3-year-low. More, here.
‘Brexit” Could Harm First-Time Homebuyers
Realtor.com reports on the potential 'Brexit', and how foreign investors may become fierce competition with first-time homebuyers here in the States. This may only effect popular housing markets such as New York; Washington, DC; Miami; Los Angeles; and San Francisco,...
FTC Halts Mortgage Relief Scam
HousingWire has a piece today on a recently discovered--and quickly shut down--scam involving law firms trying to bilk homeowners who are in the process of foreclosure out of money. You can read more, here.
Mortgage Rates at 3-Year Low
The Boston Globe reports that mortgage rates are at their lowest point since 2013, and refinance activity is up. Mike Fratantoni, MBA chief economist, said ‘‘Conventional refinance application activity picked up slightly due to the rate drop, but purchase activity...

