Inflation likely to force rise in home, car insurance rates
There really doesn't seem to be any good news about inflation for consumers on the horizon. Now, when they receive their homeowner and auto insurance renewal contracts this year, they're likely to find their rates have risen significantly.
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The Fed Keeps Raising Rates. But That's Only One of Many Factors Driving Rising Mortgage Rates
Mortgage rates are averaging around 5.9% nationwide, and they're likely to go up again. That's because the U.S. Federal Reserve issued its largest rate hike in nearly 30 years as it tries to combat inflation. The Fed's base rate, however, isn't the only thing that will determine your mortgage rate. It has an impact, but so do plenty of other factors - like the overall state of the economy, or the type of mortgage - as well as your personal financial profile.
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Today's mortgage rates are still relatively low - here's why you may want to apply for one sooner than later
When comparing all this to 2020 and 2021, rates have certainly gone up. However, putting today's 30-year rate in context with how the average rate has trended over the last few decades shows us that it's still relatively low - and relatively affordable. According to Freddie Mac data going back to 1971, the long-term average for 30-year mortgage rates is just under 8%, with the record-high average reaching a whopping 16.64% in 1981. All in all, in context, today's 30-year 5.81% rate still falls below the historical average rate.
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RON technology does not replace notarial duties - the lesson from Fang vs. Nexus Development Holdings LLC
Identity fraud exists in in-person and remote interactions. Notaries are used to protect against identity fraud and are responsible to verify the identity of a principal as the person the principal purports to be. However, fraudsters may succeed when notaries fail to fulfill their duties when conducting in-person or remote notarizations. Identity fraud forms the basis of the first lawsuit filed in connection with a notarial act performed using remote online notarization (RON).
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New Citi GPS Report Looks at Opportunities to Drive Efficiency in the Housing Market
The housing market has missed the technology wave of the past few decades. But tight supply/demand and affordability concerns following the pandemic are leading to increasing PropTech solutions that drive efficiency throughout the real estate transaction.
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Mortgage rates rise again, pricing more buyers out of the housing market
"Fixed mortgage rates have increased by more than two full percentage points since the beginning of the year," said Sam Khater, Freddie Mac's chief economist, in a statement. "The combination of rising rates and high home prices is the likely driver of recent declines in existing home sales. However, in reality, many potential homebuyers are still interested in purchasing a home, keeping the market competitive but leveling off the last two years of red-hot activity."
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