According to Lawrence Yun, chief economist for the National Association of Realtors® (NAR), a typical homeowner in the U.S. saw his or her housing wealth increase by $9,500 over the past year. Yun commented in NAR’s first quarter report on existing home sales that the quarter had been beneficial to homeowners as “the majority of […]
Mortgage rates change daily, but they have remained in a historically low range for quite some time. If you’re in the market for a mortgage, it could make sense to lock if you see a rate you like. Just make sure you’ve looked around for the best rate first.
Mortgage ratesdidn’t move much today, but the average lender is quoting microscopically higher rates, if anything. Week-over-week, it wouldn’t be unfair to claim that rates are slightly lower. Today’s average news coverage suggests the same due to the weekly release of Freddie Mac’s mortgage rate survey.
Mortgage rates moved lower at their best pace in several weeks today, with the average lender making it back to levels not seen since April 12th.
Rising minimum wages will allow many working-class Americans to buy a first home. The housing boom doesn’t have to be followed by a painful bust. The boom of the last decade was powered by speculative froth and lax mortgage underwriting – and it ended predictably badly. The present day, with large employers continuing to raise […]
Mortgage rates dropped yesterday. It wasn’t a huge move, but they didn’t have to go very far to get to the best levels of the month. To be fair, many prospective borrowers are still seeing the same interest rate at the top of a loan quote that they would have seen any time in the […]
A few couple of warm days, the appearance of a few tulips, and wham, homebuyer sentiment goes through the roof. At least the results from the March National Housing Survey (NHS) seem to support that theory. Net positive responses to whether it is currently a good time to buy and/or sell a home shot up 7 […]
Corelogic, the real estate data and analytics company, predicts that annual gains in home prices could hit close to 5 percent by 2020, thanks to falling interest rates.
Mortgage rates took the day to do just a little bit more of what they’ve been doing in fairly grand fashion for the past week: MOVE LOWER! When the good times started in earnest, rates were already in line with their lowest levels in more than a year. As of today, they’re another quarter or […]
-The average rate on the 30-year fixed mortgage is falling again today, as investors rush into the bond market. The average lender today is offering a rate between 4.125 and 4.25 percent, with more aggressive lenders going to 3.875 percent for borrowers with pristine applications, according to Mortgage News Daily.