Tag Archives: Financials

The housing market will cool off close to the third quarter, says UWMC’s Mat Ishbia

ShareShare Article via FacebookShare Article via .Share Article via LinkedInShare Article via E. The Exchange Mat Ishbia, UWMC chairman and CEO, joins ‘The Exchange’ to discuss company earnings and mortgage stocks. 02:30 Wed, May 11 20222:23 PM EDT source

As mortgage rates rise, how to decide whether to buy a home or rent

Tim Kitchen | The Image Bank | Getty Images It’s becoming harder to afford a home. Prices are up almost 20% year over year, and mortgage rates are soaring. The rate for a 30-year fixed loan is now 5.57%, according to Mortgage News Daily, up from 3.29% at the start of the year. At the […]

Wells Fargo continues to see high demand for new homes, says CFO Mike Santomassimo

ShareShare Article via FacebookShare Article via .Share Article via LinkedInShare Article via E. Mike Santomassimo, Wells Fargo CFO, joins ‘Closing Bell’ to discuss Wells Fargo’s earnings. He says the company continues to innovate and see growth in mortgages. source

How to decide if you should rent or buy a home

Sturti | E+ | Getty Images When it comes down to the numbers, it’s generally more affordable to own a home, but the gap in affordability is shrinking as interest rates rise, according to ATTOM, a real estate data tracker. Owning the median-priced home is more affordable than the average rent on a three-bedroom home […]

We’ve seen a contraction of 70% in refinance activity, says Valley Bank CEO Robbins

ShareShare Article via FacebookShare Article via .Share Article via LinkedInShare Article via E. Ira Robbins, Valley Bank CEO, joins ‘Power Lunch’ to discuss the impact of rising mortgage rates on regional banks and consumers refinancing their mortgages. source