Lender creates and funds an escrow account that's used to cover the difference between the full monthly mortgage payment and the payment with the reduced rate until the buydown expires
While mortgage rates have eased and home prices have fallen in many markets, affordability still has a 'stranglehold on much of the market,' according to research released by Black Knight
Falling sales are driving inventory growth, but it will take more than a year at the current rate for listings levels to get back to normal, according to Black Knight's latest monthly Mortgage Monitor Report
Sale-leasebacks can be a lifeline to homeowners struggling to make mortgage payments, but consumer advocacy groups are concerned over the low sales prices investors offer
Although the stock market has been volatile for weeks and unemployment has continued to rise, home prices have been seemingly unaffected
It's time to rethink the MLS and give brokers the tools they need to maintain a competitive edge
15-year industry veteran now CTO of data and analytics division