U.S. pending home sales unexpectedly rose in December for the first time in seven months, wrapping up an otherwise poor year for a housing market battered by higher mortgage rates. The National Association of Realtors index of contract signings to purchase previously owned homes increased 2.5% last month to 76.9, according to a release Friday. … [Read more…]
Long-term mortgage rate hits lowest level in 4 months Fort Worth Business Press
This week, the Federal Reserve raised its benchmark interest rate by another 0.5 percent â its seventh consecutive increase in 2022. This December rate hike comes as the result of continued efforts to curb inflation, an uphill battle the Fed has been facing since the start of the pandemic. Still, the 0.5 percent increase is… View Article
The post Fed Raises Rates Again by 0.5 Percent, Committed to Curbing Inflation first appeared on Total Mortgage.
The US mortgage market continues to see improvement in application volume as interest rates declined for the third consecutive week. Mortgage applications rose 7% on a seasonally adjusted basis – up 1% when unadjusted – for the week ending January 20, according to the Mortgage Bankers Association. Refinance applications jumped 15% from the previous week, … [Read more…]
Jumbo mortgages can help you purchase a more expensive home, but should you consider getting one? CNBC
Affordability has improved in the mortgage market since December due to declines in mortgage rates and slower home price appreciation.
Guaranteed Rate offers a minimum of $5,000 in down payment and closing cost assistance and 1% of the sales price for a total of up to $8,000.
Mortgage rates are continuing to decline, which is bringing borrowers on the sidelines back to the market.
Starting May 1, FHFA will incorporate new credit fees into Fannie Mae and Freddie Mac’s price grids. The new fee matrices consist of three base grids by loan purpose for purchase, rate-term refinance, and cash-out refinance loans, recalibrated to new credit score and loan-to-value ratio categories, along with associated loan attributes for each. However, the … [Read more…]
The Denver real estate market is a tough place for buyersâespecially first time home buyers. Click to read our top tips on how to score your first home.
The post 7 Tips Every Denver First Time Homebuyer Should Read appeared first on Homie Blog.