What a U.S.-Iran war would mean for mortgage rates

A U.S. drone strike that killed a top Iranian military leader sent American stock markets tumbling and crude oil prices spiking. What effect is it having on mortgage rates? Rates on 30-year fixed mortgages fell more than an eighth of a percentage point on Friday as investors piled into bond

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CNBC: Manhattan apartment sales sank during Q4

A report from Douglas Elliman and Miller Samuel says that the average sales price for Manhattan real estate fell 7.5% in the fourth quarter of 2019. The average sales price fell to $1.8 million, while the median sales price fell below $1 million. Sales of apartments priced at $5 million

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Are real estate agents and LOs entrepreneurs?

The word entrepreneur is thrown around quite a bit these days. It’s used interchangeably with self-employed or founder. Basically, anyone who works for themselves should be considered an entrepreneur, right?  The true definition of an entrepreneur is “a person who organizes and operates a business or businesses, taking on greater

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Home equity rates expected to remain low in 2020

The presidential election occurring in late 2020 will be a boon to home equity borrowers, regardless of who wins, according to a forecast from Bankrate. That’s because the Federal Reserve will try to sit on the sidelines this year to avoid the appearance of influencing the political process, said Greg

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