Time Is Of The Essence: What Does It Mean?
The phrase “time is of the essence” is used often in real estate contracts and we’ve mentioned it numerous times in our posts breaking down real estate forms and addenda. What exactly does it mean and what are the implications to buyers and sellers when they are reminded that time is of the essence
Mortgage Rates Inch Down to 2-Week Lows
Last week, we got a sneak preview of how the market would react to Fed Chair Powell ending his term early. In a nutshell, only the shortest-term rates would improve while most consumer rates would move higher--including mortgages. This isn't conjecture, but rather the actual response in the bond mar
Mortgage Rates Move Slightly Lower to Start New Week
Mortgage rates didn't move much on Monday, but they moved in the right direction with the average lender 0.03% lower for a top tier 30yr fixed scenario versus last Friday. That makes this the 4th straight business day with a modest gain and it gets us back in line with the lowest rates since J
Mortgage Rates Barely Budge Today and This Week
While any rate watcher's bingo card should always have a few squares devoted to "unchanged, flat, etc.," this week's had at least as many squares reserved for a big reaction to inflation data. Specifically, Tuesday's inflation data had the power to cause a big move in rates. While it was
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