Home Loan Interest Rates Inch Up
After three weeks of mostly staying steady, average mortgage rates rose this week. Rates still remain at multiyear lows, keeping borrowing costs low for those shopping for homes this summer. “Despite...
View ArticleHispanics Home Buyers Gaining
Hispanics are posting the largest homeownership gains of any ethnic group, new Census Bureau data shows. The wave of growth is a far cry from four years ago when the Hispanic homeownership rate reached...
View ArticleMortgage Rates at 3-Year Lows
After a slight uptick last week, mortgage rates fell back to a more regular pattern of hovering near three-year lows. Home buyers are responding to the lower rates, and mortgage applications for home...
View ArticleFed Just Cut Interest Rates
The Federal Reserve today cut interest rates for the first time since the Great Recession took hold in 2008. The Fed says its decision to lower interest rates a quarter-point , which comes after months...
View ArticleMortage Rates Lowest Since 2016
“There is a tug of war in the financial markets between weaker business sentiment and consumer sentiment,” says Sam Khater, Freddie Mac’s chief economist. “Business sentiment is declining on negative...
View ArticleLatest Data Shows Housing Clash
Lower mortgage rates are prompting higher demand from home buyers to buy, but they aren’t finding enough homes for sale. Mortgage rates last week reached the lowest average since November 2016. “July’s...
View ArticleRates Hover Near Record Lows
“The sound and fury of the financial markets continue to warn of an impending recession; however, the silver lining is mortgage demand reached a three-year high this week,” says Sam Khater, Freddie...
View ArticleMortgage Rates at 2016 Territory
The 30-year fixed-rate mortgage averaged 3.55% this week, the lowest average since November 2016, Freddie Mac reports. The lower mortgage rates are boding well for the housing market. “The drop in...
View ArticleSmartphones Are Guiding Buyers
Mobile devices are what buyers turn to for finding properties and real estate agents. This has put increasing importance on real estate pros to make sure their websites are mobile friendly and they’re...
View ArticleHome Loan Rates Remain Low!
“Mortgage rates continued the summer swoon due to weaker economic data,” says Sam Khater, Freddie Mac’s chief economist. “While economic growth is clearly slowing due to rising manufacturing and trade...
View ArticleMortgage Rates Increase
“Purchase mortgage applications up nine percent from a year ago. The improved demand reflects the still healthy underlying consumer economic fundamentals such as a low unemployment rate, solid wage...
View ArticleLatest Fed Rate Cut Benefit
The Federal Reserve lowered its benchmark interest rate by another quarter of a percentage point on Wednesday to a range of 1.75% to 2%, citing concerns over a global economic slowdown. Mortgage rates...
View ArticleQualify for a Appraisal Exemption?
For the first time in 25 years, federal regulators are increasing the property value limit under which buyers of certain homes must obtain an appraisal as part of selling. Federal banking agencies have...
View ArticleHousing Market Forecast is Bright
Freddie Mac economists predict that the 30-year fixed-rate mortgage will remain below 4% for the remainder of this year, which could continue to bode well for the housing market to ease affordability...
View ArticleMortgage Rates ‘Are Dropping’
The 30-year fixed-mortgage fell 8 basis points this week, averaging 3.57%, Freddie Mac reports. The lower rates are drawing out more home buyers in the fall market. “The 50-year low in the...
View ArticleRates Increased, But Don’t Worry
No reason for home shoppers to get nervous: Economists largely predict mortgage rates will dip in the weeks ahead. Also, rates are still more than a percentage point lower than a year ago. “Despite...
View ArticleHome Loan Rates Increased
The 30-year fixed-rate mortgage was on the rise last week, leaping to a 12-week high. But rates are still well below year-ago levels. “The outlook for a favorable resolution to the trade dispute...
View ArticleMortgage Rates Rise This Week
For the third consecutive week, the interest rate for the 30-year fixed-rate mortgage increased. The rise came despite the Federal Reserve cutting its key benchmark rate for the third time this year....
View ArticleMortgage Rates Reverse Course
Following three consecutive weeks of increases, the 30-year fixed-rate mortgage posted a drop this week. “The improvement in sentiment has been one of the main drivers behind the surge in equity...
View Article“I Want to Buy a Home” Report
Many non-owners—those renting or living with someone else—are eager to buy a home. But their current financial situation is what is mostly holding them back. The newly released “2019 Profile of Buyers...
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