Strong Job Report a Hopeful Sign for Homeowners, Landlords
A job can help homeowners in forbearance and allow renters to repay rent. In Jan., the U.S. added only 166K jobs, and Feb.’s robust 379K jobs exceeded expectations.
Buyers May Want to Ask Lenders: How Long to Close?
Lenders don’t always adhere to a contract’s timelines, and buyers offering a quick close in a bidding war may want to make sure their lender has their back.
Federal Reserve: Inflation Rise Temporary – No Rate Hikes Planned
Fed Chair Powell said Thursday that they had no plans to hike interest rates amid signs of an economic recovery. He expects inflation to accelerate but not cause a problem.
Opendoor Will Pair Buyers with Agents to Submit Cash Offers
Cash carries weight during bidding wars, so Opendoor says it will back a mortgage-approved seller’s offer with cash to help give them an edge in a bidding competition.
Why Are Rates Rising? It’s Good – If You’re Not a Homebuyer
Even top experts fumble on mortgage rate predictions because their rise and fall is based largely on investors’ attitudes, which can turn on a dime. Currently, investors fear possible inflation – the enemy of Treasury bonds. And as bond investment falls, mortgage rates (often) go up.
No. of State-Owned Citizens Policies Increased 26.4% in a Year
More Fla. homeowners are relying on the state’s “insurer of last resort.” Citizens says it’s financially sound for now thanks to investment income that has outpaced operating losses, but at the current rate, a future disaster will again force taxpayers to make up some of its expenses.