Real Estate News Blog

Hopefully some news you can use regarding all things real estate!

Wyndham Capital Mortgage promotes two executives

Wyndham Capital Mortgage promotes two executives

Wyndham Capital Mortgage promoted two of its executives into new positions. The lender announced this week that Ben Cowen has been promoted to president and Josh Hankins has been promoted to chief operating officer. Josh Hankins, COO Wyndham Capital Mortgage The...

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U.S. mortgage debt hits a record $15.8 trillion

U.S. mortgage debt hits a record $15.8 trillion

Outstanding U.S. mortgage debt rose to $15.8 trillion in the third quarter of 2019, according to the Federal Reserve. Combined home, farm, multifamily and commercial mortgage debt increased 1.2% from the prior period, the largest quarter-to-quarter gain in almost two...

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Millennials are migrating north

The hottest housing markets might be in the south, but Millennials are gravitating up north. In a study from LendingTree, it was revealed that a significant number of Millennials are seeking homeownership in Minneapolis; Buffalo, New York; and San Jose, California. In...

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Federal Reserve ready to maintain rate, minutes show

Federal Reserve ready to maintain rate, minutes show

Federal Reserve officials used to worry that if the U.S. unemployment rate dropped below 5% it would spark inflation, which would lead to higher borrowing costs, including mortgage rates. Now, they say the tightest labor market in 50 years could get even tighter...

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What a U.S.-Iran war would mean for mortgage rates

What a U.S.-Iran war would mean for mortgage rates

A U.S. drone strike that killed a top Iranian military leader sent American stock markets tumbling and crude oil prices spiking. What effect is it having on mortgage rates? Rates on 30-year fixed mortgages fell more than an eighth of a percentage point on Friday as...

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