DOJ and the NAR are preparing for battle, but what does this mean for real estate agents? Senior Real Estate Reporter Matthew Blake answers. HW+ Premium Content
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The greater need for cash-out refinances drives originators to prepare with diverse product offerings, especially in Texas where cash-out refinances play by different rules. Additionally, originators will now need to have a way to qualify self-employed borrowers who may need to rely on bank statements to qualify for a mortgage. Presented by FGMC
Due to an increase in housing inventory, existing home sales increased in June, jumping 1.4% from May to a seasonally adjusted annual rate of 5.86 million.
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The average 30-year fixed-rate mortgage sank further after three weeks of declines to 2.78%, according to mortgage rates data released Thursday by Freddie Mac's PMMS.
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Americans are buying more homes with mortgages in the years 2020-2021 than any single year from 2008-2019. The years 2022-2023 will be the sweet spot years because ages 30 to 31 will make up the biggest age group in history. HW+ Premium Content
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