The real estate market was hit hard in the recent downturn. But not all is lost. Rates are low, and home prices are down. Buying a house? You’re in luck.
The post Mortgage Applications Rise Even As Rates Inch Up. Is It Time To Buy Or Refinance? appeared first on Bible Money Matters and was written by Peter Anderson. Copyright © Bible Money Matters – please visit biblemoneymatters.com for more great content.
There have been a lot of unpleasant headlines regarding the state of the real estate market lately. Earlier this week, Redfin noted that only 1 in 8 offers written by their agents faced competition from other prospective home buyers in January. That was down 53% from a year earlier, allowing Redfin to proclaim that âbidding… Read More »Is the Real Estate Market Going to Crash in 2019?
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How many times can you use your VA loan benefit? You can use your VA home loan benefit as many times as you want. But, with some rare exceptions, you […]
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With a name like âFirst Home Mortgage,â you would expect a serious commitment to home buyers. And thatâs exactly what the company offers, with superior customer service and a wide range of product offerings. The highlight might be access to down payment assistance programs from six state housing finance agencies. This can make the dream… Read More »First Home Mortgage Review: A Maryland Mortgage Lender with a Strong Focus on Home Buyers
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If you thought the low mortgage rates were gone forever, think again. Per Freddie Mac, mortgage rates just had their best week in over a decade, thanks in part to the latest Fed policy meeting. The popular 30-year fixed averaged a very attractive 4.06% this week, down from 4.28% last week and 4.40% a year… Read More »Mortgage Rates Just Had Their Best Week In Over a Decade
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Housing affordability remained near its highest level on record for the sixth consecutive quarter, according to the latest survey from the National Association of Home Builders. The National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI) indicated that 72.3 percent of all new and existing homes sold during the second quarter were affordable to… Read More »Home Builders: Housing ‘Highly Affordable’
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Some 45 million Americans are expected to reach the typical first-time home buyer age in the next decade, which is a fresh 34 years old. This is 7.4% more than the 41.8 million individuals currently aged 35-44, per a new analysis from Zillow. In short, this means thereâs the potential for even more demand than… Read More »Why You Might Want to Skip the Starter Home
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What a difference a decade makes. Back in 2009, it was a lot more common to hear about underwater mortgages than free and clear homeowners. In fact, a Deutsche Bank analyst warned at the time that 48% of U.S. homeowners would owe more on their mortgages than their properties were worth. Negative equity levels did… Read More »37% of American Homeowners Are Now Free and Clear
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The economy is still in the doldrums, but one of the side effects has been that the rates on home mortgages are at their lowest levels ever. Last week 30 year fixed mortgages reached historic lows when they breached an average of 3.53%. Not only that, but 15 year fixed mortgages averaged only 2.83%! From […]
The post 4 Reasons Why You Might Have Problems Buying A House Despite Low Rates appeared first on Bible Money Matters and was written by Peter Anderson. Copyright © Bible Money Matters – please visit biblemoneymatters.com for more great content.
The good news about the continued economic uncertainty is interest rates keep slipping lower and lower. The basic principle with regard to mortgage rates is that bad economic news pushes them down, and good news makes them rise. Fairly simple. And so over the past few weeks, mortgage rates have been inching back toward what… Read More »A 30-Year Fixed in the 3% Range? Maybe, But Does Anyone Care?
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