Mortgage Applications for Refinancing Drop 18% as Interest Rates Rise
Mortgage refinancing activity pulled back sharply this week, as higher interest rates put a damper on refi originations. The Mortgage Bankers Association's refinance index dropped 18% for the week ending May 22, compared to a week earlier. The group estimates that average 30-year fixed mortgage rate
Madonna Reveals She Accidentally Started a Fire While ‘Living Illegally’ in New York City: ‘I Woke Up Surrounded by Flames’
Chart-topper Madonna has candidly admitted that she was started a fire in a New York City building where she was "living illegally" while trying to break into the music industry. Today, the songstress, whose real name is Madonna Louise Ciccone, boasts an illustrious decadeslong career in the spotlig
Artist Colony Made Famous by ‘Hippies’ and Rock Stars Comes Into Its Own as Luxury Destination
Woodstock, NY, has one of the most recognizable names in real estate, thanks to a world-renowned music festival that didn't even take place in the town. The name conjures up images of Jimi Hendrix letting loose with "The Star Spangled Banner," Joe Cocker's famous gyrations, and an ominous warning no
‘Borderline Desperate’ Buyers Are Winning Bidding Wars but Risking Deals Over Low Appraisals
Desperate to win bidding wars in low-supply, high-demand markets, buyers often offer well over asking price, only to see the deal stall because the appraisal falls short of mortgage requirements. This leaves them with a stark choice—either pay out of pocket to bridge the financing gap or walk away f
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