Finance & Mortgage

Oakland Tackles Housing Affordability Crisis by Imposing Impact Fees on New Housing

Oakland is in the middle of a housing affordability crisis. Skyrocketing house prices and rental rates have pushed many out of their homes and out of Oakland. To help address the issue, Oakland is planning to introduce a mechanism that has worked for other Bay Area cities.

Fixed Vs. Adjustable-Rate Mortgage: Which is the Right One for You?

Choosing the right mortgage for you is essential because this will determine your mortgage payments for the next couple of years or so. While there is no such thing as a “one size fits all” when it comes to mortgages, how will you choose between the fixed and adjustable-rate mortgage (ARM)?

Mortgage Applications and Rates Provide Differing Pictures

The nominal increase was confirmed by the Mortgage Bankers Association and attributed the increase entirely on refinances done on existing loans. Compared to the previous week, the refinance loans had jumped by 3 percent on a seasonally adjusted basis. In the past four weeks, this segment's volume had risen by a total of 18 percent.
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