Realtors®, Real Estate Brokers, Buyers and Sellers are targets for wire fraud and many have lost hundreds of thousands of dollars because they simply relied on the wire instructions received via email.
A hacker will break into a licensee’s email account to obtain information about upcoming real estate transactions. After monitoring the account to determine the likely timing of a close, the hacker will send an email to the buyer, posing either as the escrow agent or as the licensee. The fraudulent email will contain new wiring instructions or routing information, and will request that the Buyer send funds accordingly.
>> Learn how to be WireSafe
Americans Now Paying 15% More On Mortgage Payments Compared To Last Month As Rates Surge
...asking price home was $1,698.
The rise is largely due to mortgage rates surging as the Federal Reserve hikes interest rates: The 30-year fixed mortgage rate hit 6.7% Thursday, a 16-year-high...
Think mortgage rates are high now? Homebuyers in the 1980s were paying 19%
Housing Markets That Still Remain Sellers’ Strongholds
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The housing market has changed considerably in recent months as higher mortgage rates, rising inflation and economic uncertainty...
Mortgages for seniors: What to know before getting a home loan in retirement
While mortgage rates have been increasing, retirees and seniors may still want to downsize, buy a vacation home, or tap their home equity to boost cash reserves, pay off debt or remodel...
Dow Drops 500 Points, Markets Sink Following Flurry Of Worrisome Economic Data
...pursue further interest rate hikes, while several other economic indicators, including surging mortgage rates, a declining U.S. economy and the British government digging into its controversial...
Mortgage rates rise again with markets in turmoil
Mortgage rates shot up another 41 basis points for the week ended Sept. 29, according to Freddie Mac, as the benchmark 10-year Treasury yield tested the 4% mark and the mortgage-backed...
What is a seller net sheet?
ESTIMATED SELLING COSTS
POLICY OF TITLE INSURANCE (based on home price)
TITLE AGENT FEES
Current Mortgage Interest Rates on Sep. 29, 2022: Rates Tick Up
Today a few notable mortgage rates moved up. If you're shopping for a home loan, see how your payments might be affected by inflation.
A variety of notable mortgage rates saw growth today. There...
US 30-year mortgage moves closer to 7%, the highest level since July 2007
Mortgage rates surged for the sixth week in a row, moving closer to 7%.
The 30-year fixed-rate mortgage averaged 6.70% in the week ending September 29, up from 6.29%...
Mortgage rates surge, closing in on 7%