Diamond Age is back for a $50 million Series A funding round, following an $8 million round just a few months ago. The company's mission is to make homeownership more affordable by using 3D printing and robotics technologies to make home construction significantly cheaper — a welcome change in a world where the US housing market is experiencing a 7-million-home shortage. The business calls itself a...
For the first time in three years, interest rates are almost certainly going up this month. The Federal Reserve is likely to raise its benchmark interest rate by 0.25 percent next week in order to combat rising inflation, which is at a 40-year high. More raises are expected later this year. Financial advisors predict that the policy's impact on American households will be felt in a variety of ways,...
Mortgage demand slowed last week as interest rates reached multi-year highs, but that is expected to change soon. Interest rates are rapidly declining, as a result of Russia's invasion of Ukraine. According to the Mortgage Bankers Association's seasonally adjusted index, mortgage application volume remained practically flat compared to the prior week. Borrowers have no reason to refinance, and...
The amount of equity people have in their homes is increasing as home values reach new highs. For many Americans, this means being able to borrow more against their most valuable asset. However, financial experts advise that you consider twice before making such a decision. According to Black Knight mortgage research, the average mortgage holder has around $185,000 in home equity to tap, which is the...
Mortgage rates are falling as markets deal with the fallout from Russia's invasion on Ukraine, implying that home prices will continue to rise. According to Mortgage News Daily, the average rate on the popular 30-year fixed mortgage has grown nearly a full percentage point from the start of the year until last Friday, when it touched 4.18 percent. On Monday, it dropped to 4.04 percent, and on Tuesday,...