As Rates Drop Owners Expected To Tap Home Equity, But Will They?
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As Rates Drop Owners Expected To Tap Home Equity, But Will They?

By ERIN FLYNN JAY Further rate cuts by the Federal Reserve could spur a resurgence in home equity withdrawals. The November ICE Mortgage Monitor Report shows that at the end of Q3 2024, U.S. mortgage holders held $17.2 trillion in equity, of which $11.2 trillion is ‘tappable.’ That means it can be borrowed against with…

More Americans Are Mortgage-Free Homeowners
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More Americans Are Mortgage-Free Homeowners

By ERIN FLYNN JAY A growing percentage of American homeowners have no mortgage on their property. According to the U.S. Census Bureau, nearly 40% of homes in the country were mortgage-free last year. That means more than 34 million homeowners have fully paid off their mortgage, leaders at the National Association of Home Builders said…

How Much Could Mortgage Rates Drop In 2025?
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How Much Could Mortgage Rates Drop In 2025?

By ERIN FLYNN JAY As mortgage rates rise heading into the holiday season, potential buyers are holding off on home purchases hoping for more favorable conditions in the new year. Officials at Freddie Mac reported Thursday that last week the 30-year fixed-rate mortgage averaged 6.72%, up from 6.54% the week prior. This is the fifth consecutive…

Predictions: How Will 2024 End For The Housing Market?
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Predictions: How Will 2024 End For The Housing Market?

By ERIN FLYNN JAY As mortgage rates drop, some industry leaders are hopeful that home sales will pick up moving into the fourth quarter, but it looks like 2024 won’t meet expectations. Although applications are ticking up, refinances may be hitting their ceiling, and according to the August economic forecast from the Mortgage Bankers Association,…

Climate Change Hot Topic At National Association Of Real Estate Editors Conference
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Climate Change Hot Topic At National Association Of Real Estate Editors Conference

Photo: Coastal flooding during storms is an ongoing issue that will continue to impact properties in towns such as Hampton, New Hampshire.  By KIMBERLEY HAAS The economic impact of climate change was the opening topic of discussion at the National Association of Real Estate Editors conference on Tuesday. John Rogers, chief innovation officer at CoreLogic,…

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