Home Loan Interest Rates ‘Continue to Decline’
Borrowers continued to get relief with mortgage rates this week, as the 30-year fixed-rate mortgage sank lower for the third consecutive week. Mortgage rates are now at their lowest level since April....
View ArticleHome Loan Approval with a Lower Credit Score
New mortgages are being approved with lower credit scores, and FHA loans appear to be leading the shift, according to studies by credit developer FICO and other entities. “As we get further away from...
View ArticleMost Buyers Seek Financing Before Showings
The first step buyers most often take in their home shopping pursuit is to check up on financing and to make sure they can even afford a home, according to a new survey of 1,000 recent buyers. The...
View ArticleMortgage Interest Rates Jump to 6-Week High
A strong job market and consumer credit are driving up mortgage rates for the third consecutive week and now to their highest level in six weeks. Mortgage rates are 0.82 percent higher than a year...
View ArticleDown Payments Jump to Record Highs
Home buyers are putting more money down on a home purchase than ever before. The size of down payments during the second quarter climbed to a median of $19,900, a record high, according to ATTOM Data...
View ArticleHousing Hurdles Taint Healthy Economy
As housing inventory increases and home prices begin to ease, the door to home ownership is opening for more buyers. But Freddie Mac economists aren’t optimistic that the real estate market will be...
View ArticleMortgage Rates Surge to 7-Year High
Mortgage rates surged to their highest averages since 2011 following the Federal Reserve’s announcement Wednesday that it is raising its benchmark interest rate by a quarter point. The 30-year...
View ArticleBuyers Should ‘Ask After a Home Inspection’
After an inspector has finished a home report, buyers may feel overwhelmed by any flaws that might have been found. That’s why it’s important they take the opportunity to learn more so that they can...
View ArticleMortgage Rate Update!
“Rising rates paired with high and escalating home prices is putting downward pressure on purchase demand,” says Sam Khater, Freddie Mac’s chief economist. “While the monthly payment remains...
View ArticleSome Relief With Mortgage Rates
Following weeks of gradual increases, the 30-year fixed-rate mortgage dipped slightly this week, offering a slight window of opportunity at lower borrowing costs to some would-be buyers. “While the...
View ArticleMortgage Rates Are on the Rise
Borrowers were faced with rising mortgage rates again this week, after a slight pause from increases the week before. “We expect rates to continue to rise, which will put downward pressure on home...
View ArticleThe Makings of a Buyer’s Market
Buyers are pulling back. Home prices have been rising too much relative to income for many would-be buyers to keep pace. Since 2011, the U.S. median home price has risen 55 percent while wages are up...
View ArticleRelief in Cooling Housing Market?
The housing market is showing several signs of slowing, providing a much-needed break for potential buyers who have been waiting to jump into the market. Existing-home sales were 2.4 percent lower in...
View ArticleAre Mortgage Rates Stabilizing?
Mortgage rates mostly held steady this week—and home buyers responded by rushing to lock in rates. “Mortgage rates stabilized the last couple of months as interest rate-sensitive sectors, such as new...
View ArticleMortgage Rates Are Easing
Home buyers may be finding a window of opportunity to lock in lower rates. Mortgage rates fell this week, after several weeks of moderating, Freddie Mac reports. “Mortgage rates declined this week...
View ArticleLoan Rates at Three-Month Lows
Home shoppers and refinancers saw some relief in mortgage borrowing costs this week. “Mortgage rates have either fallen or remained flat for five consecutive weeks and purchase applicants are...
View ArticleMortgage Rates End Year Lower
Rates continued their two-month slide and are currently hovering around the same level as the early summer, which was before the deterioration in home sales. The negative headlines around the financial...
View ArticleHome Loan Interest Rates Update!
The new year is kicking off with lower mortgage rates for home shoppers and people looking to refinance their mortgages. The benchmark 30-year fixed-rate mortgage dipped to a 4.51 percent average this...
View ArticleWho Will Shape the 2019 Market?
The most popular names in transactions show that women, millennials, and Hispanics are shaping up as dominating forces in the housing market, according to a new analysis from realtor.com®. Ten of the...
View ArticleWill Lower Rates Escalate Sales?
The real estate industry will soon see what kind of impact weeks of declining mortgage rates have had on home sales. Will it provide the boost some experts are predicting? Since early November, the...
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