Trump Effect and Mortgage Rates, Disclosure From Sellers, Foreclosure Spike, and More

trump-effect-and-mortgage-ratesThe dust has settled a bit after the election, but it’s clear there will be far-reaching ramifications when it comes mortgage rates and their continued climb. A sudden spike in foreclosures could be another sign that the economic recovery is not without its risks. When you ask your sellers for disclosures about their property, are they ‘fessing up or covering up? Being a real estate agent might look easy to outsiders, but agents know it’s anything but—and one agent wrote up a list of the toughest things about being in real estate. Finally, looking for more happiness in hour life? Here’s a list of things not to do. Enjoy this week’s round-up of news you can use!

Panic in housing market as Trump effect pushes mortgage rates to 4%

Higher mortgage rates from the “Trump effect” have thrown a wrench into an already shaky housing recovery. Economists at the Mortgage Bankers Association are now predicting that rates will, “trend higher than we had previously forecast, which will more quickly decrease refis.” What else does this mean for the market?

6 things home sellers are legally required to disclose

Have the sellers of your latest listing disclosed all that they should have about the property? A general rule of thumb is that if you aren’t sure if something should be disclosed, it probably should be. Get the specifics in this list of items that will keep you and your sellers out of hot water.

What’s behind a sudden foreclosure spike?

Foreclosures had been falling steadily to the lowest levels in nine years, so what is behind higher rates in October? Are we looking at the start of another housing crisis? CNBC examines the numbers more closely.

6 of the hardest things about being a real estate agent

For those on the outside, the life of a real estate agent might appear to be glamorous. After all, agents work when they want to and make all kinds of money—or do they? Here’s one real estate agent’s list of what makes this job much tougher than it appears to be.

To be a lot happier, stop doing as many of these 11 things as you possibly can

Looking for more joy in your life? You might have considered what you can do to find true happiness, but what about things you should not do? Here’s a list of what you might want to stop doing right away.

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