Tag Archives: Bill Banfield

Rocket funding 2-year rate buydowns for low-income buyers

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Lender creates and funds an escrow account that’s used to cover the difference between the full monthly mortgage payment and the payment with the reduced rate until the buydown expires. Continue reading →

Home price gains extend into January — but virus looms large

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Home prices rose 3.9 percent in January, but the data does not take into account the impact of the coronavirus pandemic, which didn’t take hold in the U.S. until late February. Continue reading →