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Apr 19, 2017 Hold On, Buyers—More New Homes Are Coming Your Way!Buying a home typically isn’t a stress-free, relaxing process. Buyers need to muster up a down payment, secure financing, and fill out mountains of paperwork—as well as have their offers accepted. And of course, they need to find the home of their dreams in the first place. But that last part may get a little
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Apr 18, 2017 First-time homebuyer? Avoid these statesIt’s not easy being a first-time homebuyer these days. Around the country, home prices have been rising, inventory is limited, and banks have tightened lending standards. But California is the toughest state of all for first-time homebuyers, according to a new report from Bankrate.com. Buyers in the Golden State face low affordability, tight inventory and
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Apr 14, 2017 Rates Push 2017 Lows For 3rd Straight DayMortgage rates set new 2017 lows for the third straight day today, although only in terms of “effective rates” (which take upfront costs into account). “Note rates” (which simply refer to the rate applied to one’s loan balance) are unchanged from yesterday, with most lenders continuing to quote 4.0% for top tier conventional 30yr fixed scenarios.
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Apr 12, 2017 U.S. Mortgage Rates Edge Lower in Early AprilAccording to Freddie Mac’s latest Primary Mortgage Market Survey, the 30-year mortgage rate in the U.S. dropped for the third consecutive week and closing in on the 2017 low. Sean Becketti, chief economist of Freddie Mac said, “The 10-year Treasury yield was relatively unchanged this week, while the 30-year mortgage rate fell 4 basis points
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Ah, the things people do for their kids. One of the biggies? Buying a megamansion with a massive backyard perched in a stellar school district so they can give their offspring the best life possible—even if they’re mortgaged to the hilt. And yet, making real estate decisions solely for the sake of your kids can be a recipe for
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Is your kitchen hopelessly outdated, and your bathroom a blast from the past? Then it sounds like you’re overdue for some home improvements. There’s just one problem: Remodeling can be a huge undertaking—and a costly one at that. The average kitchen remodel will set you back $60,000; a bathroom overhaul, $17,908. Ouch! But hey, that’s just
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