“Funding this level of volume in one month is quite an accomplishment, and even mightier when you consider this feat in the context of the Private Money space,” said William J. Tessar, Civic Financial Services’ president and CEO, noting the entire $108 million was comprised of non-owner occupied private money financing. “This is a significant funding figure that few companies in this arena have reached, and an even greater testament having done so in such a short amount of time.”As 30-year fixed-rate mortgages hit 7.31%, experts indicate low housing inventory and changing consumer behavior; renting emerges as a favorable choice for many.
The average 30-year fixed rate mortgage last week peaked at 7.31%, according to Freddie Mac. That's the highest it's been since December 2000. “However, unlike the turn of the millennium, house prices today are rising alongside mortgage rates, primarily due to low inv...
All four national regions report a slump in monthly and annual transactions, emphasizing the need for better rates and increased housing inventory.
Pending home sales across the U.S. saw a substantial 7.1% decrease in August, according to the National Association of Realtors (NAR). This dip in sales occurred across all four major U.S. regions, each registering losses in both monthly and year-over-year transactions. Law...
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