Well, were about halfway through the year and mortgage rates seem to have settled in around the high 6% range. While averages vary based on the source, Freddie Mac last posted a rate of 6.67% for the popular 30-year fixed. This rate began the year 2023 around 6.50% and has yo-yoed a bit since, falling … Read more
Average rent prices hit a record high in June, driven higher by strong population growth and continued demand outpacing new supply. The average asking price for a rental unit rose to $2,042 in June, surpassing the previous record set in November 2022 of $2,024, according to new data from Rentals.ca’s Rent Report. This represented a … Read more
Not everyone comes from money, but there are decisions you can make today to set up future generations for long-term success. And by long-term success, we mean a true financial legacy. One of the easiest ways for the average person to do this is through real estate. That’s right: Buying a home not only creates … Read more
As mortgage options continue to evolve, borrowers are presented with a range of choices to suit their unique financial needs. One such option gaining popularity is the adjustable-rate mortgage (ARM). At MortgageDepot, we understand that each homebuyer has specific requirements, and we are here to guide you through the process of obtaining an ARM that … Read more
As a first responder, you need to be ready for every emergency call. It’s up to you to stand up and protect your community and be the first to respond in difficult situations. While you provide your services on a daily basis and serve all those around you, it’s time for you get help when … Read more
Corporate regulator ASIC has announced the cancellation of the Australian financial licence held by FTX Australia, the local arm of a collapsed US cryptocurrency exchange, effective July 14. Under the terms of cancellation, FTX Australia was allowed to provide limited financial services that relate to the termination of existing derivatives with clients until July 12. … Read more
It’s time to check out the top mortgage lenders in Nevada based on their total loan volume. Last year, more than 600 mortgage companies funded nearly $33 billion in The Silver State, down from roughly $68 billion a year earlier. But as always, there can only be one #1, and those honors went to a … Read more
Variable-rate mortgage borrowers, who have already seen their interest costs rise by more than 70% over the past year, were hit with yet another hike last week as prime rate reached a 22-year high of 7.20%. Prime rate, which is used to price variable-rate mortgages and personal and home equity lines of credit (HELOCs), generally … Read more
It’s beginning to look a lot like…vacation time! The skies are blue, the flowers are in full bloom, and summer is before us.
Navigating the world of real estate as a first-time investor and homebuyer can be a daunting task, especially when faced with unique challenges. In a recent closing at MortgageDepot’s Hollywood Florida branch, mortgage loan originator Julia Knurova accomplished the seemingly impossible. By leveraging her strong relationship with the lender, Julia overcame multiple hurdles to secure … Read more