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Americans Agree: Real Estate Best Long-Term Investment By Suzanne De Vita Signaling growing confidence in the housing recovery, a majority of Americans once again named real estate the best long-term investment – a trend now continued for two consecutive Read More...
Mortgage Applications Inch Forward Mortgage applications increased 0.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending August 29, 2014. Mortgage Read More...
Q: Should I Avoid an Adjustable Rate Mortgage ? A: Because adjustable rate mortgages, or ARMs, fluctuate with the market, they offer less stability than fixed-rate loans. If an ARM is adjusted upward, monthly payments will increase, and for a lot of people Read More...
More Than Half of States Show Improving Housing Markets Freddie Mac recently released its Multi-Indicator Market Index(SM) (MiMi(SM)) for February showing the U.S. housing market overall recovering at a slightly slower pace from the previous month. However, Read More...
Borrowers Who Refinanced in 2013 Saving Over 21 Billion Dollars in Interest Payments over the Coming Year Freddie Mac released the results of its fourth quarter 2013 quarterly refinance analysis, showing that borrowers are continuing to take advantage Read More...
Mortgage Rates Dip to Start 2014 Mortgage rates pulled back, with the benchmark 30-year fixed mortgage rate retreating to 4.64 percent, according to Bankrate.com's weekly national survey. The average 30-year fixed mortgage has an average of 0.34 discount Read More...
Rates on New Home Loans Join Downward Trend On Christmas Eve, the Federal Housing Finance Agency (FHFA) reported a 10 basis point decline in mortgage interest rates for the month of November. Data from FHFA’s Monthly Interest Rate Survey (MIRS) Read More...
Fixed Mortgage Rates Drop to Four Month Low Freddie Mac recently released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates hitting their lowest levels since this summer amid market speculation that Read More...
Refinance Cash-Out Share Increases; Remains Low Historically Freddie Mac recently released the results of its second quarter 2013 quarterly refinance analysis, showing that borrowers are continuing to take advantage of near record low mortgage rates to Read More...
A Seller's Guide to Multiple Offers By Kristin Brown, REALTOR®, Lexington, Mass. With the real estate heating up for spring, if you're selling your home, you could find yourself in the position of receiving multiple offers on your house in Read More...