From REALTOR® Magazine <[email protected]>
Subject Buyers Get Preapproval, Then Mortgage Rates Rise
Date March 1, 2022 7:02 PM
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Locking in rates is often not possible until after signing a purchase agreement

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National Association of REALTORS®
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March 1, 2022


Rates Rise After Preapproval
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Buyers who are already stretching budgets are finding that preapproval doesnʼt lock in their rate, which could leave a big impact.


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Fannie, Freddie Offer $1B To Boost Affordable Housing
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The record amount aims to curb nationwide housing shortages blamed for rising home prices and rents.


Homeowners Tempted To Use Equity
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The average mortgage holder has about $185,000 in home equity, and “as interest rates rise in the coming year, you could see folks using more second-lien products,” says an Urban Institute analyst.


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Foreign Commercial Investments Up 49% in 2021
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Investors purchased around $57.7 billion in U.S. commercial real estate, bringing the flow of capital closer to prepandemic levels.


States With Highest, Lowest Property Tax Delinquencies
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Real estate property tax payments are critical funding sources for local, state, and federal budgets.


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