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Top related persons:
Dottie Herman - 2 Douglas Elliman - 2 Freddie Mac - 1 Jacob Channel - 1 I've - 1 Melissa Cohn - 1 William Raveis - 1 Banks - 1
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Brigade - 1 Getty - 1 Federal - 1 LendingTree - 1 Fed - 1 William Raveis Mortgage - 1 HSH.com - 1 Edelman - 1

Search resuls for: "Dottie Herman"


5 mentions found


☆ Mortgage rates are falling, improving home buying conditions. Here's what to know before you act
  + stars: | 2024-08-30 | by ( Jessica Dickler Ana Teresa Solá | Jessica Dickler | Ana Teresa Solá | ) www.cnbc.com   time to read: +3 min
The average rate for a 30-year, fixed-rate mortgage dropped to 6.35% on August 29 from 6.46% a week ago, the lowest mortgage rates have been in 15 months, according to Freddie Mac. "I bought a house when [the mortgage rate] was 15% and then I refinanced." "No bank is ever going to give you a true no closing cost loan at the lowest possible rate. And buying with the goal of refinancing is always taking a gamble on mortgage rates, which comes with a certain amount of risk. Even though recent declines in mortgage rates may gain steam as the Fed lowers its benchmark rate, lower mortgage rates could also boost homebuying demand, which would push prices higher.
Persons: Freddie Mac, Jacob Channel, Dottie Herman, Douglas Elliman, I've, Melissa Cohn, William Raveis, Banks, Cohn, Keith Gumbinger, Michael Krowe, Krowe Organizations: Brigade, Getty, Federal, LendingTree, Fed, William Raveis Mortgage, HSH.com, Edelman Locations: New York
☆ 20 metro areas with the highest share of home-price cuts in October, some in the $200,000s — plus 6 aggressive bargains buyers can ask for, according to 2 real-estate experts
  + stars: | 2023-11-22 | by ( Laila Maidan | ) www.businessinsider.com   time to read: +4 min
The significant advantage to buyers is negotiating power, and if done right, it could help offset some of those higher mortgage rates. Below is a list of 20 metro areas with the highest share of home sellers dropping their listing prices in October. The data is based on the top 50 most populated areas as defined by the US Census Bureau. If they need to move by a specific date or need that cash, you can offer a quick closing. More than one-third — or 35% — of home sales in the three months ending October 31 included concessions to buyers, according to Redfin.
Persons: Shmuel Shayowitz, It's, Shayowitz, Dottie Herman, Douglas Elliman, Herman, Price Organizations: Competition, Business, US Census Bureau, Orlando, Phoenix, DC Locations: Redfin, Metro, Cincinnati, Indianapolis, Denver, Tampa, Portland, Antonio, Austin, Dallas, Minneapolis, Worth , TX, Jacksonville, Louis, Sacramento, Seattle, WA, Baltimore, Cleveland, Houston, AZ, Kansas City, Washington
☆ Experts explain why a Russian oil price cap might fall flat and instead give Putin's biggest crude customers a boost.
  + stars: | 2022-11-28 | by ( Phil Rosen | ) www.businessinsider.com   time to read: +6 min
That day marks the beginning of a price cap on Russian oil, as well as a new European Union ban on seaborne Russian crude imports. "What it suggests is that Russian buyers are able to negotiate very favorable terms from Russian oil companies, who have to sell in order to maintain operations," Brew said. Because of that, it's possible that the West's price cap plan will end up falling flat, with the most noticeable result being customers in Asia bidding lower prices for Russian oil. But there's no guarantee European companies even want to handle any Russian oil at all. Nonetheless, oil markets are unlikely to react dramatically to the price cap, in Gallarati's view.
☆ Mortgage rates have dropped and home sales are down by almost 30% from last year. One of the richest women in real estate explains why it's still a good time to be in the market.
  + stars: | 2022-11-23 | by ( Laila Maidan | ) www.businessinsider.com   time to read: +5 min
The 30-year fixed mortgage rate is at 6.61%, down from a peak of 7.08%. There appears to be some movement on the housing front as mortgage rates have steeply dropped. As of 2017, Herman had a net worth of $260 million, making her the richest self-made woman in US real estate according to Forbes. You can't compare current mortgage rates to last year's print of 3%, which she noted was an anomaly she hasn't seen in her 30 years of being in the industry. But historically we are really not at high-interest rates," Herman said.
☆ One of the richest self-made women in US real estate says it's still a good time to buy and shares the top 5 things that could give a buyer a competitive edge.
  + stars: | 2022-11-08 | by ( Laila Maidan | ) www.businessinsider.com   time to read: +6 min
She doesn't believe mortgage rates will return to 3% because that is very low. Mortgage rates have just about doubled from where they were this time last year. If you zoom out and look at where interest rates have been, you'd realize that historically, 7% is just about average, she noted. If you're a first-time buyer, you could qualify for a Federal Housing Administration loan (FHA), which requires a lower down payment but could still provide competitive interest rates. This will allow you to readjust when interest rates come back down.
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