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May 02, 2017 Mortgage Applications in U.S. Uptick in Late AprilAccording to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April 21, 2017, mortgage applications increased 2.7 percent from one week earlier. The Market Composite Index, a measure of mortgage loan application volume, increased 2.7 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the
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Apr 26, 2017 Home Inspection: Yes; Escalation Clause: MaybeQuestion: My wife and I are house hunting. A friend told us that the market is hot, and there are very few house available for a large number of potential buyers. We were advised to consider including an escalator clause in any contract we present to a seller. And if there is an escalation clause,
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Apr 25, 2017 U.S. Home Sales Jump 4.4 Percent in MarchAccording to the National Association of Realtors, existing-home sales took off in March 2017 to their highest pace in over 10 years, and severe supply shortages resulted in the typical home coming off the market significantly faster than in February and a year ago. Only the West saw a decline in sales activity in March.
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The spring home-buying market was off to a strong start in March as buyers closed on the highest number of existing homes in a decade. And that’s despite the lack of residences on the market. Sales of existing homes (that is, ones that have previously been lived in) hit about 5.71 million last month, according to
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Apr 21, 2017 Easy Ways to Save a Bundle on Your Next HomeDo you see yourself with a yard and a white picket fence — or a fancy front door and a fireplace? If so, you’re not alone. One in four Americans (about 59 million) are considering buying a home this year, according to a new Bankrate.com report, and older millennials, Gen Xers, and minorities are leading
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The math behind your credit score is getting an overhaul, with changes big enough that they might alter the behavior of both cautious spenders as well as riskier borrowers. Most notably for those with high scores: Abiding by the golden rule of “don’t close your credit card accounts” may now hurt your standing. On the
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