Freddie Mac Rolls Out New Lower Cost Renovation Mortgage

By ~ Kerry Smith The mortgage giant says “CHOICEReno eXPress” helps buyers and owners reduce costs compared to using credit cards or unsecured financing for small-scale projects. MCLEAN, Va. – Freddie Mac announced a new CHOICEReno eXPress (https://sf.freddiemac.com/working-with-us/origination-underwriting/mortgage-products/choicereno-express) mortgage, which helps homebuyers and homeowners finance the cost of small-scale renovations with a single-close mortgage. Freddie

Mortgage Rates: 6-Week Streak Under 3%

The average 30-year mortgage rate fell to 2.77% this week, down from last week’s 2.80%, in part due to investor uncertainty over the COVID-19 delta variant. WASHINGTON (AP) – Mortgage rates were flat to lower last week, with the average for the key 30-year home loan below 3% for the sixth straight week. Uncertainty over

NAR: Drones, Cybersecurity Are Real Estate’s Top Emerging Technologies By Kerry Smith

The 2021 Technology Survey listed drones (37%) and cybersecurity (34%) as top trends, with 5G connections (31%) and virtual reality (30%) close behind. Top current tech tools include  eSignature (78%), MLS apps (54%), social media (53%), lockboxes (48%) and video conferencing (39%). WASHINGTON -Realtors see drones and cybersecurity as the most impactful emerging technologies to

Housing Providers Can’t Continue to Live in Financial Hardship

NAR is ready to oppose any “unreasonable effort by Congress to extend the (eviction) ban without assistance for small housing providers,” says Chief Advocacy Officer McGahn. WASHINGTON – The Biden Administration on Thursday said it would not attempt to unilaterally extend the Centers for Disease Control and Prevention’s (CDC) national eviction moratorium, allowing it to

Fed Maintains Interest Rates, Downplays Rising Pandemic Risk By Christopher Risk

The Federal Reserve didn’t change interest rates, largely downplayed inflation fears, and said each successive wave of pandemic resurgence has had less economic impact. WASHINGTON (AP) – The spread of the COVID-19 delta variant is raising infections, leading some companies and governments to require vaccinations and raising concerns about the U.S. economic recovery. But on