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A variable-rate mortgage (ARM) is a type of mortgage with a variable interest rate. The initial interest rate on an ARM is fixed for a set period of time. Following that, the interest rate applied to the outstanding balance is reset on a regular basis, at yearly or even monthly intervals.

Here's...

Great News! Encompass Users We are proud to announce that you can now send your appraisal orders to us directly from Ellie Mae's website. No more faxes and phone calls! Simply login and and create an order, select Thomas Appraisal Company as your preferred provider, fill out the assignment detail...

The interest rate on the most popular U.S. home loan jumped last week by the most in 11 years as bond market investors rapidly repositioned due to the Federal Reserve move to take aggressive action to contain inflation.

Key Notes:

-MBA: contract rate on a 30-year fixed-rate mortgage up by .3% i...

Great News! Encompass Users We are proud to announce that you can now send your appraisal orders to us directly from Ellie Mae's website. No more faxes and phone calls! Simply login and and create an order, select Thomas Appraisal Company as your preferred provider, fill out the assignment detail...

📣Latest Mortgage News:

💹Mortgage rates jumped last week; and mortgage applications fell, the Mortgage Bankers Association reported in its Weekly Mortgage Applications Survey for the week ending March 18.

👉Read More:
https://bit.ly/3tCD4Mp

Americans moved throughout the pandemic, with record-low mortgage rates motivating homebuyers to dive into the market. Pandemic-fueled remote work also led to a record share of Americans relocating, most often to more affordable areas. Because of this, more Americans are moving from urban to subu...

Jerome Powell, chairman of the Federal Reserve, stated that he is open to supporting a 25 basis point rate increase at the March policy meeting, and that the central bank is prepared to act more aggressively later if inflation does not fall as expected.

Powell testified before Congress on Wednes...

Key Takeaways:
•U.S. Single-Family Rents Up 11.5% Year Over Year in November
•Annual single-family rent growth hit seventh consecutive record.
•Detached property rent growth slowed slightly, while attached property rent growth accelerated.

According to CoreLogic's SFRI, rent prices in the United...

The number of people moving to California from other states has dropped significantly since the beginning of the COVID-19 pandemic, and more Californians are leaving the state, according to a new study released Wednesday.