Home Loan Interest Rates Are Still Dropping!
Good news, home buyers may want to rush to lock in: The 30-year mortgage rate hit its lowest level in nearly seven months this week, Freddie Mac reports. Freddie Mac reports the following national...
View ArticleThere is ‘High Priority on Home Ownership’
More than two-thirds of Americans believe that owning a home is an essential part of the American dream, according to a new survey released by the National Association of Home Builders of more than...
View ArticleAfter Steady Decline, ‘Mortgage Rates Rise’
Mortgage rates increased this week for the first time in more than a month, but they still remain near their yearly lows. Freddie Mac reports the following national averages for the week ending June...
View ArticleHome Loan Interest Rates Hold at Low Levels
Home shoppers are getting another week to lock in some of the lowest mortgage rates of the year. “The 30-year mortgage rate remained relatively flat, falling 1 basis point to 3.90 percent. Mortgage...
View ArticleLabor Shortage Causes Headaches for Builders
Buyers eyeing newly constructed homes may need to brace for building delays and higher prices due to an ongoing labor shortage. About two-thirds of homebuilding contractors say they’re struggling to...
View ArticleThe Real Costs of Tiny Homes
The tiny home movement—homes that often fall within the 100- to 400-square-foot range—is becoming more trendy as owners are drawn to the homes’ minimalism and sliced costs. But buyers may not want to...
View ArticleAfter Brief Hike, Mortgage Rates Fall Below 4%
Following two weeks of rate increases, the 30-year fixed-rate mortgage settled back below a 4 percent average this week. “Continued economic uncertainty and weak inflation data pushed rates lower this...
View ArticleMortgage Rates at Lowest Point in 6 Weeks
The 30-year fixed-rate mortgage reversed course this week, averaging 3.90 percent. Freddie Mac reports the following national averages for the week ending Aug. 10: 30-year fixed-rate mortgages:...
View ArticleWill These Lower Interest Rates Entice Buyers?
Fixed-rate mortgages continued to drop this week, lowering borrowing costs for home buyers. “Following a mild decline last week, the 10-year Treasury yield rose 1 basis point this week,” says Sean...
View ArticleReport: Kids Have Big Say in Real Estate
Buyers with children put more weight on the neighborhood, local schools, and size of homes when shopping for the right property, according to the 2017 Moving With Kids report, produced by the National...
View Article30-Year Mortgage Rate Hits New 2017 Low
Borrowers applying for a 30-year fixed-rate mortgage this week locked in the lowest rate of the year, as it dropped to its lowest average since November 2016, Freddie Mac reports. Additionally, “the...
View ArticleAre Supply Woes Causing Loan Demand Drop?
The number of mortgage applications for home purchases continues to underwhelm, despite rates being at their lowest levels since November. Mortgage applications for purchasing a home dropped 3 percent...
View ArticleHispanic Homeownership Surges
Hispanics are increasingly making up what’s considered the typical American home buyer, Curbed.com reports. Latinos are expected to make up 52 percent of new home buyers between 2010 and 2030, largely...
View ArticleHome Loan Interest Rates Maintain Yearly Lows
Great news! Mortgage rates mostly held at last week’s year-to-date lows, offering another opportunity for borrowers to take advantage of savings. Ask a local lender for what is your best type of loan....
View ArticleHome Loan Interest Rates Stuck in Holding Pattern
Mortgage rates barely budged this week, staying well below the 4 percent mark. “Rates held relatively flat this week,” says Freddie Mac Chief Economist Sean Becketti. “The 10-year Treasury yield fell...
View ArticleHome Lot Sizes Shrink to New Low
Lot sizes on new single-family homes have reached a new record low. New homes sold in 2016 had a median lot size of 8,562 square feet, or slightly under one-fifth of an acre. The median lot size fell...
View ArticleMortgage Rates Ease This Week
Borrowers may be able to lock in lower interest rates this week, as the 30-year fixed-rate mortgage dips to a 3.88 percent average. “Rates came down slightly this week, ending a brief two-week streak...
View ArticleWildfire Victims Get ‘Mortgage Reprieve’
Homeowners affected by the California wildfires may be eligible to defer their mortgage payments for up to 12 months. Mortgage financing giants Fannie Mae and Freddie Mac have issued guidelines for...
View ArticleWhen to Drop Your Listing Price
Though low inventory is prompting buyers to raise their offers in order to beat out competitors, you still want your sellers to know: an overpriced listing will linger on the market. Buyers pay...
View ArticleNewbie Buyers Make Smaller Down Payments
About 60 percent of first-time home buyers put down 6 percent or less on a home purchase in September. The median down payment has dropped from 6 percent to 5 percent for first-time buyers, according...
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