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The lock-in effect is keeping homes off the market. How long will it last?
Bankrate via AOL· 6 days agoRate locks are often a wise move for borrowers, but they’re not...confused with the lock-in effect....
Looking to buy a home? More houses are on the market, but rising mortgage rates a hurdle
Winston-Salem Journal· 6 days agoMortgage rates have been mostly ticking higher lately, but it’s not all bad news for home shoppers....
Rocket Mortgage inks $3.5M overtime pay settlement with bankers
HR Dive· 4 days agoRocket Mortgage has agreed to pay $3.5 million to settle claims brought by a group of current and former mortgage bankers that the company ...
Home prices stay elevated as inventory lags: Redfin
HousingWire via Yahoo Finance· 3 days agoMany homeowners, reluctant to exchange their current low mortgage rates for higher ones in pursuit of larger or upgraded homes, are staying put. “Move..
California’s New Budget Will Make Major Cuts to Public Programs
The Nation· 2 days agoNot too long ago, California was a byword for budgetary chaos and dysfunction. Its deficits were...