Crypto mortgages let homebuyers use Bitcoin as collateral
A start-up called Milo started offering 30-year mortgages backed by cryptocurrencies. The company is working with more than 700 potential borrowers on pre-approvals and has...
Wells Fargo to start laying off Mortgage Staff
Wells Fargo confirmed Friday its laying off an undisclosed number of home lending employees due to mortgage market conditions: https://www.iqstock.news/n/wells-fargo-confirms-mortgage-staff-layoffs-3789242/ Interestingly enough, this happened a...
Canada home sales and volume fell in March 2022
Market slowing down in Canada, where the average price came in at $796,000, down from all-time high reached previous month. The Canadian Real Estate Association...
Nearly One-Third of Homeowners Have a Mortgage Rate Far Below Today’s Level
About half (51%) of U.S. homeowners with mortgages have a mortgage rate under 4%—substantially below today’s level of 5%. About one-third (32%) of all homeowners—including those without...