Kimberly Draxler was in shock when she called her mortgage lender in April and was told her four-bedroom home in Hillview, Kentucky, would be sold out from under her in a matter of days. Though she had been alerted that something might be wrong by a letter in the mail from an attorney offering assistance…
Americans worried that the U.S. government shutdown could derail their plans to take out a mortgage or refinance their home loan can breathe easy — mostly. Housing experts says lenders will continue processing mortgages as usual even if federal agencies close shop, while noting that a shutdown could lead to hitches for borrowers applying for government-backed loans. …
The housing market has been in a serious crunch since the COVID-19 pandemic, with limited inventory, elevated home prices and mortgages in the 7% range, continuing to keep many would-be home buyers locked out. But even amid such tight constraints, modest declines in home prices can still be found in some regions of the country. That’s…
