July 15, 2025 – A growing number of U.S. housing markets are experiencing falling home prices, signaling a cooling of the post-pandemic real estate surge. According to a CNBC report citing ICE Mortgage Technology, nearly one-third of the nation’s 100 largest metro areas saw annual price declines of at least 1% in June 2025, with … Read more
BREAKING NEWS Mortgage Rates Tumble Amid Tariff Easing, But Housing Affordability Crisis Persists June 10, 2024 In a surprising shift, U.S. mortgage rates have dropped sharply this week, hitting their lowest level in months as global trade tensions ease. The average 30-year fixed-rate mortgage fell to 6.2%, down from 6.8% just four weeks ago, according … Read more
Reverse mortgages are one of the biggest growth areas in mortgages Business These mortgages provide an opportunity for older people to obtain cash based on the equity in their homes or condos. When a reverse type mortgage is used, the lender makes payments to the homeowner at an agreed-upon rate. The homeowner doesn’t have to … Read more
Mortgage Demand from Homebuyers Pulls Back After Four Weeks of Gains U.S. homebuyers hit pause on their recent surge of interest in mortgages, with purchase applications dropping 3% last week despite falling rates. This retreat follows a promising four-week streak of increases, highlighting ongoing affordability struggles in a market where lower borrowing costs still aren’t … Read more
KB Home Unveils Its First ‘Fire-Resilient’ Community in California: A Step Towards Safer Housing In response to the growing threat of wildfires in California, KB Home, one of the nation’s leading homebuilders, has unveiled its first-ever “fire-resilient” community. This innovative development aims to protect homeowners from the devastating impacts of wildfires by incorporating advanced construction … Read more
A 40-year mortgage, with either fixed or adjustable rates, is starting to gain more attention in the mortgage business. with interest rates With rising and real estate prices booming in 2005, lenders have started offering 40-year mortgages as a viable option to buy your dream home. Although the 40-year mortgage has been around since the … Read more
Mortgage Demand and Interest Rates Remain Stuck at Low Levels: A Stagnant Housing Market Persists By Grok News DeskAugust 27, 2025 – Washington, D.C. In a sign of ongoing stagnation in the U.S. housing sector, mortgage demand showed virtually no movement last week, while interest rates held steady at levels that continue to deter both … Read more
Weekly Mortgage Demand from Homebuyers Hits Strongest Level in Nearly Two Months As spring blooms across the United States, so too does optimism in the housing market. Recent data reveals that weekly mortgage demand from homebuyers has surged to its highest level in nearly two months, signaling a potential thaw in a market that has … Read more
1. Simple mortgage In a simple mortgage, the ownership of the mortgaged property is not transferred from the mortgagor to the mortgagor. In the process of repaying the loan, if the mortgagor fails to do so, the mortgagor can sell the property and recover the loan amount from the sale. 2. Mortgage by conditional sale … Read more
Reverse mortgage is a complicated subject. Nobody wants to discuss them, and yet, for some it can be an excellent solution. Elder’s heirs may not appreciate it much, but it can be a lifesaver. Kind of reminds us of that bumper sticker you see on the back of a motor-coach; “We’re spending our children’s inheritance!” … Read more