Debt consolidation refinance: How it works, pros and cons
The debt consolidation mortgage is one way to lower the payments and interest rate on your debts. But it’s not the best solution for everyone.
The debt consolidation mortgage is one way to lower the payments and interest rate on your debts. But it’s not the best solution for everyone.
Learn what Biden’s presidency means for mortgage rates, housing policy, real estate, and renters in the coming years.
While it wasn’t quite the biggest surprise of 2020, the strength of the housing market was one of the best. The just-released numbers for December keep the good times rolling. Leading the charge was December’s Existing Home Sales report from the National Association of Realtors (NAR). The annual pace wasn’t quite at the recent 15-year high seen 2 months ago, but it hasn’t really fallen since then. No complaints. If you want to see more 15-year records broken, you’ll have to rely on The Census Bureau’s New Residential Construction numbers. While not a direct measure of New Home Sales, the correlation is high (we’ll get the official sales numbers next Thursday). For now, we can bask in the warm glow of another long-term high in Housing Starts. With sales and construction numbers like this, it
Posted To: MND NewsWire
The Mortgage Bankers Association (MBA) estimates that applications for the purchase of newly built homes rose only 0.2 percent from November to December, however, those applications were up 42.2 percent compared to December 2019. The information comes from MBA’s monthly Builder Application Survey (BAS) and was not adjusted for typical seasonal patterns. Based on those mortgage applications and assumptions regarding market coverage and other factors, MBA estimates new single-family home sales were running at a seasonally adjusted annual rate of 876,000 units in December 2020. This is an increase of 5.9 percent from the November pace of 827,000 units. On an unadjusted basis, there were an estimated 59,000 new home sold during the month, unchanged from the same level in November. “The new home…(read more)
15-year mortgage rates: Compare today’s rates Business Insider
Buying a home is one of the biggest decisions a person can make. Itâs the culmination of years of intense saving and budgeting, months of open houses, and weeks of late-night strategizing and offer planning. In 2020, buying a home has gotten even harder as the COVID-19 pandemic has swept across the United States. Shopping… Read more »
The post How to Save Money When You Buy a Home in Idaho appeared first on Homie Blog.
It’s that time again, where I take a look at a pair of popular mortgage programs to determine which may better suit certain situations. Today’s match-up: “15-year fixed mortgage vs. 30-year fixed mortgage.” As always, there is no one-size-fits-all solution because everyone is different and may have varying real estate and financial goals. For example, [&hellip
The post 15-Year Fixed vs. 30-Year Fixed: The Pros and Cons first appeared on The Truth About Mortgage.
As some expenses decrease during self-isolation, others can creep up. To brace yourself and your budget, keep an eye on these costs while in quarantine.
The post Watch Your Wallet: 7 Hidden Costs of Self-Isolating at Home During Coronavirus appeared first on Real Estate News & Insights | realtor.com®.
Total existing-home sales dropped 0.7% from November to a seasonally adjusted annual rate of 6.76 million, the NAR reported Friday.
The post Existing-Home Sales Rise Slightly, Despite Buyers’ Struggles With Falling Inventory appeared first on Real Estate News & Insights | realtor.com®.
Zillow has said that it expects the for-sale housing market to gain even more strength in 2021 following an incredible run that came in the wake of the coronavirus pandemic. Zillow said in its 2021 housing predictions that demand is continuing to grow as we enter the new year, and that this will likely surge […]
The post Zillow predicts a stronger housing market in 2021 appeared first on RealtyBizNews: Real Estate News.