Mortgage Applications Today: Refinancing Drops 21% After Mortgage Rates Tick Up
The number of people applying for a mortgage decreased 12.7% for the week ending Sept. 26, according to the Mortgage Bankers Association. The decrease in home loan applications comes as mortgage rates increased to its highest level in three weeks. But refinancing took the biggest hit. The Refinance
Congress Let the National Flood Insurance Program Expire—Here’s Who’s in Trouble First
The National Flood Insurance Program (NFIP), which insures nearly 5 million properties across the U.S., has officially lapsed following the government shutdown. As of midnight on Sept. 30, FEMA can no longer write new or renew existing policies under the program, leaving flood-prone homeowners in a
Homeowners With Sub-4% Mortgage Rates Are On the Move—and They’re Buying Newly Built Homes
A growing number of homeowners who were lucky enough to secure sub-4% mortgage rates are now choosing to give them up in exchange for the opportunity to move into brand-new homes—even if it means taking on a higher rate. As of late September, mortgage interest rates remain above 6% after months of g
2 for 1! Waterfront Washington Mansion Hits the Market for $30 Million—With a Luxury City Condo Thrown In
A newly built waterfront mansion in the exclusive Seattle suburb of Medina, WA, has hit the market for the sky-high price of $30 million. Bonus: It comes with an alluring home in Bellevue thrown in for good measure. The dual-property offering includes the six-bedroom primary residence, which feature
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