How high they gonna go thats the question. My guess is we're not even close yet, but that's just a feeling.Mortgage rate soars closer to 5% in its second huge jump this week
The average rate on the 30-year fixed mortgage shot significantly higher Friday, rising 24 basis points to 4.95%, according to Mortgage News Daily.www.cnbc.com
stewardship.pro
Thank you, Marv! I’ve had a hard time figuring it out for sure. Our builder, who we have been very happy with so far and are about to sign contracts with have told us that we can only use one particular lender, citing the fact that because of how busy things have been that they don’t have the resources currently available for the vetting process with other lenders. Problem is, this lender’s latest quote was almost a full percentage point higher than others. I just wanted to know if we had the ability to push back. Really appreciate your help.Randy they can’t “force” you into their lender of choice but sometimes can make it a bit tougher on you when you don’t. Sometimes its because it streamlines the process, other times it’s because somebody’s getting a kickback. There’s some info here worth reading:
Why Builders Steer You to Their Lenders - Stewardship - Real Estate, Home Loan, Insurance, and Financial Advisors
The referral fees from builders' lenders are illegal and costly to you. It's hard to eliminate a builder's referral power, but this article will help.
www.npr.org
There are 3 house on our street, 2 on the street behind and 3 more just past that that are getting the treatment described in the article. Most are single family homes, that are being converted to duplexes. They take the house down to the studs put in a new stair case and floor 1 is one residence floor 2 is another.There's never been such a severe shortage of homes in the U.S. Here's why
Home prices rose nearly 20% last year, in large part because the U.S. is several million homes short of demand. Builders say the pandemic is partly to blame, but the problem goes deeper than that.
Wait, that doesn't sound like the Valhalla that you've made MA out to be?
There's never been such a severe shortage of homes in the U.S. Here's why
Home prices rose nearly 20% last year, in large part because the U.S. is several million homes short of demand. Builders say the pandemic is partly to blame, but the problem goes deeper than that.
"It's socialist like Norway" -wllm1313
Not my wheelhouse, but I'm guessing the explanation has alot to do with where the houses are.
Stop it, don't make me waste 1/2 a day posting all your quotes literally gushing over MA... is the honeymoon over?
Location, location, location!
Well, duh.
But it's so satisfying...
