Fed Chair Powell’s ‘Risk Management’ Comment Puts Upward Pressure on Mortgage Rates
Federal Reserve Chair Jerome Powell moved markets on Wednesday with his comments on the central bank's recent interest rate cut, prompting a sell-off in bonds that could send mortgage rates higher. Powell's remarks followed soon after the first Fed rate cut in nine months, which brought the central
EXCLUSIVE: ‘Rare’ Coral Gables Estate Hits the Market for the First Time for $26 Million
An exceptional Miami mansion has come on the market for the very first time, asking $26 million—and it features 15,000 square feet of luxury. The property, which is being unveiled by Douglas Elliman’s Lourdes Alatriste and Evangeline Delgado, is located in Coral Gables. A press release shared with R
Add an Addition or Build an ADU? Experts Weigh In on Resale Value
As more homeowners stay put longer, many are hitting a wall—literally. One in 4 say they need more space, according to one survey, with another quarter reporting they outgrew their home just two years after moving in. Yet, moving has never been harder. Over 80% of homeowners have a mortgage with an
NASA Scientist Convicted of Mortgage Fraud After Fabricating Pay Stubs To Buy $850K Luxury Home and Defaulting on the Loans
A former NASA scientist has pleaded guilty to mortgage fraud after fabricating income records to finance the purchase of an $850,000 luxury home in Texas. Noreen Khan, 52, and her husband, Christopher Mayberry, 53, purchased the luxury home in Missouri City, TX, in 2017, when Khan was working at NAS
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