Fairview Commerical Lending

With the realtor settlement now implemented nationwide, the question now is will a reduction in realtor fees lower house prices?  The big premise of the commission lawsuit against the national association of realtors is that high commission fees were one of the leading drivers of real estate prices.  How true is this statement?  Will this settlement make houses more affordable?  What price points will be most impacted by the realtor settlement?  Who will be the winners from the new business models as a result of the settlement.   Will the reduction/elimination of buyers fees impact prices One of the key…

  The million dollar question is where do interest rates head from here.  The Federal reserve has hinted at more upcoming cuts, what does this mean for mortgage rates?  Does the federal reserve actually control mortgage rates? How is the treasury department influencing longer term rates more than the federal reserve?  Will mortgage rates actually head higher?   What is the market predicting on long term rates? Lower mortgage rates in 2024 — NAR is predicting the average will be 6.3% by the fourth quarter, down from 7.8% in 2023’s final three months — will entice more owners to give…

  The mortgage industry should be prepared for large increases in insurance premiums up to 50% according to the Situs Whitepaper. Jennifer Rasmussen, one of the reports authors stated that the average homeowner “was not cognizant of the sheer magnitude of these insurance rate increases.”  What should you do if your premiums jump or you get dropped?  Will premiums continue to increase? Why the huge jumps in insurance costs? “People just aren’t aware that these natural disaster risks are occurring everywhere. It’s not just where the headline news points you to in terms of where natural disasters are occurring.” The…