Mortgage Rates Respond to Fed, Average Rises Above 3%
After weeks of little movement in the 2.88% range, the average 30-year, fixed-rate mortgage rose to 3.01% this week. Economist cites “many factors” pushing the increase.
Buyers Consider Disaster Risk in Purchase Decisions
When creating a list of must-haves and would-likes, three out of four homebuyers include some consideration of disaster risk, according to a realtor.com study.
NAR August Pending Home Sales Bounce Back by 8.1%
NAR Economist Yun credited “rising inventory and moderating price conditions” for bringing more buyers back to the market. A separate realtor.com survey found three Fla. metro areas to be “hottest markets,” including the areas around Orlando, Tampa and Jacksonville.
Creating Facebook Content for Realtors: 6 Top-Tier Tools
Facebook posts should be relaxed and accessible, but a handful of tools can make consistent posts easier to schedule and more appealing to readers.
MBA Report: Mortgage Market Isn’t Prepared for Climate Risk
What future risk does a changing climate present for a property? So far, lenders seem unprepared to even gauge that risk, much less mitigate a potential impact.
Without Action, a Government Shutdown Could Start Tomorrow
No two shutdowns are the same, but the IRS would likely stop verifying homebuyers’ Social Security numbers and income. That created backlogs in earlier shutdowns.
Use Snail Mail for Business? Expect Slower Delivery
Starting Fri., the U.S. Postal Service will “implement new service standards for First Class Mail and Periodicals,” spokeswoman Kim Frum said in an email to USA TODAY.
Part III: Loan Approval Period and Possible Pitfalls
Buyers who want to make their offer more appealing sometimes consider changes to the contract’s “Loan Approval Period.” Of the possible changes they can choose to make their offer more appealing, this one may carry the highest risk.
Deem and Waive: The Legal Vocabulary Definitions
It’s important for buyers and sellers to fully read a contract and ask about any words that confuse them. In the Far/Bar AS IS contract, “deem” appears 10 times and “waive” 12 times, but some Florida Realtors Legal Hotline callers seemed confused about their definitions.
Cooperating Compensation: ‘My Seller Must Offer More?’
Listing brokers determine cooperating compensation, either an amount or percentage. However, the issue has been a frequent topic of discussion in today’s market of thin listings and high buyer demand.