Mortgage rates are near record lows — but many Americans will struggle to find a lender willing to give them a home loan

Jacob Passy – MarketWatch – Saturday, September 26, 2020 There’s perhaps never been a better time to take out a mortgage — at least from an interest rate perspective. But finding a bank willing to lend to you may prove tricky these days. The 30-year fixed-rate mortgage averaged 2.90% for the week ending Sept. 24,Continue reading “Mortgage rates are near record lows — but many Americans will struggle to find a lender willing to give them a home loan”

A hedge fund looks to stop a big real estate owner from breaking up

Kenneth Squire – CNBC – Saturday, September 26, 2020 Business: Apartment Investment and Management Co. is a REIT that focuses on the ownership, management, redevelopment, and development of apartment communities in some of the largest US markets. It has two primary businesses: (i) AIR, which is a stabilized apartment investment vehicle with quality assets andContinue reading “A hedge fund looks to stop a big real estate owner from breaking up”

More People Are Looking for Month-to-Month Rentals. Should You Offer Them on Your Property?

Aly Yale – Millionacres – Thursday, September 24, 2020 For those in the market (or at least hoping to be soon), signing a long-term lease just doesn’t make sense. People need the flexibility to move quickly should a suitable house hit the market, and your traditional 12-month agreement doesn’t allow for that. There’s no doubtContinue reading “More People Are Looking for Month-to-Month Rentals. Should You Offer Them on Your Property?”

Majority of Young Adults Are Living At Home

Empty nest no more? The COVID-19 pandemic has prompted millions of young adults to move back in with their parents since the spring. The majority of 18-to-29-year-olds now live with their parents, surpassing the previous peak during the Great Depression, the Pew Research Center reports In July, 52% of 18-to-29-year-olds lived with one or bothContinue reading “Majority of Young Adults Are Living At Home”

Why the run of record-low mortgage rates may be ending

Doug Whiteman – MoneyWise – Saturday, September 12, 2020 According to a popular survey that’s been around since 1971, mortgage rates have hit a record low — for the ninth time in 2020. Mortgage company Freddie Mac says its survey shows mortgages this week are averaging just 2.86%. You might assume you’ve got plenty ofContinue reading “Why the run of record-low mortgage rates may be ending”

HUD NEWS U.S. Department of Housing and Urban Development – Ben Carson, Secretary Office of Public Affairs, Washington, DC 20410                        HUD No. 20-136                                                                                                                     FOR RELEASE Public Affairs                                                                                                                          Monday 202-708-0685                                                                                                                           August 31, 2020 HUD.gov/press HUD SECRETARY BEN CARSON HOSTS AFFORDABLE HOUSING ROUNDTABLE AND VISITS HABITAT FOR HUMANITY IN NORTH CAROLINA CONCORD, N.C. — U.S. HousingContinue reading

‘We Could be Living in the 1890s’: How Housing Discrimination is Still Perpetuated Today

Brenda Richardson – Money.com – Monday, August 24, 2020 More than a half century after its passage, a landmark law promoting residential integration is being undermined by political attacks. Intended as a follow-up to the Civil Rights Act of 1964, the Fair Housing Act was signed by President Lyndon Johnson on April 11, 1968, daysContinue reading “‘We Could be Living in the 1890s’: How Housing Discrimination is Still Perpetuated Today”

Empowering military consumers–all year long

This is a joint blog by the Department of Defense (DoD), the FTC and the Consumer Financial Protection Bureau (CFPB).JUL 31, 2020 As we approach the end of Military Consumer Protection Month, it’s time to think about how we can support servicemembers all year long. Seven years ago, the Federal Trade Commission (FTC) launched MilitaryContinue reading “Empowering military consumers–all year long”

A troubling tale of a Black man trying to refinance his mortgage

Diana Olick – CNBC – Wednesday, August 19, 2020 Black applicants are rejected by mortgage and mortgage refinancing lenders at much higher rates than Whites. Akili Akridge had all the right stats: a steady six-figure salary, an 800 FICO credit score, and 20% equity in a home. He experienced firsthand the persistent racial discrimination inContinue reading “A troubling tale of a Black man trying to refinance his mortgage”

Month-To-Month Lease??

A month-to-month lease is a contract between the landlord and tenant that establishes tenancy with no scheduled end date. Instead, either the landlord or tenant may terminate the contract at will, as long as proper notice is given. Most state or local laws require either 30, 60 or 90 days’ notice, but the lease agreement will specify.Continue reading “Month-To-Month Lease??”