Market Updates
Turn Your Home's Equity into CashA cash-out refinance can take advantage of today's rates and free up funds for other endeavors. Since you will be paying mortgage interest, invest in projects that can appreciate over time, such as home improvement, paying off...
Market Updates
Mortgage Market Update30-year Mortgage Rates Inch LowerOne key lending rate went down in October - the national average for refinances of 30-year fixed-rate loans ticked downwards to 3.04%, but the average rate on a 15-year fixed mortgage nudged upwards to 2.6%. The...
Market Updates
Expect Low Interest Rates to LastAfter its final two days of meetings ahead of the election, the Federal Reserve indicated no plans to raise interest rates. Near-zero rates could last for years---possibly until 2023---as the Fed allows more time for the economy and...
Market Updates
Mortgage Applications Continue to RiseFall's cooler temperatures are showing zero effect on America's hot real estate market. Since last week, total mortgage applications have risen 6.8%. Applications for refinancing home loans also jumped 9% for the week and an...
Market Updates
Mortgage Rates Continue to Break Record Lows While economic data for the U.S. was mixed last week, a continued slide in U.S tech stocks weighed on Treasury yields, sending mortgage rates south. This spurred fixed rates of 30-year mortgages to slide by 7 basis points...
Market Updates
Mortgage Market UpdateThe Pros and Cons of For Sale By Owner Most sellers want top dollar for their house, and in an effort to increase their profits turn to the For Sale By Owner (FSBO) model to avoid paying realtor commissions. Interestingly, Zillow has found that...
Market Updates
Before You Attempt to Flip a House, Avoid These 5 Costly Mistakes House flipping has been a hot trend in the real estate market for years, bolstered in part by glossy TV shows featuring charismatic personalities who earn big profits in just one 30-minute episode....
Market Updates
The Home Buyer's Wish List In today’s work-from-home environment, many Americans are leaving urban centers and flocking to the suburbs. As they search for their spacious new homes, some interesting “must-haves” are appearing. According to HousingWire, new requirements...
Market Updates
FHFA Delays the Refi Fee On Tuesday, August 25, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac would delay the implementation of the controversial Adverse Market Refinance Fee. The fee, previously set to take effect September 1,...
Market Updates
Real Estate Market: Rural Home Prices Jump The Coronavirus pandemic seems to be pushing homeowners from cities into rural and suburb areas. According to a July study by Redfin, before the pandemic 9% of homebuyers said they were looking for a home in rural areas....
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