Dream Bathrooms your Clients Want Seventy-eight percent of home buyers say a linen closet in the master bathroom is “desirable” or an “essential/must-have feature,” according to the National Association of Home Builders’ 2019 What Home Buyers Really Want Survey. The report is based on responses from recent and prospective home buyers who plan to purchase …
Category: News
Apr 01
Mortgage Rates have Largest Drop in a Decade
Mortgage Rates have Largest Drop in a Decade The 30-year fixed-rate mortgage plunged 22 basis points this week, the largest one-week drop in 10 years, Freddie Mac reports in its weekly mortgage survey. “The Federal Reserve’s concern about the prospects for slowing economic growth caused investor jitters to drive down mortgage rates by the largest …
Mar 29
Declines in Bidding Wars
Declines in Bidding Wars There will likely be less competition for home buyers this spring—a widely reported index from Redfin shows a significant decrease among real estate professionals reporting bidding wars this month, compared to a year ago. Only 16 percent of offers written by Redfin agents on behalf of their customers in the first three weeks …
Mar 28
Apex Loans’ Expanded Eligibility.
Apex Loans’ Expanded Eligibility. Can Finally Get You Qualified! You can now take advantage of expanded eligibility requirements, and interest-only feature, alternative income documentation, asset qualifier options and non-warrant-able condos. With Freedom Mortgage’s newest Apex product line, you get no-stress qualifying even if you have special circumstances! Apex loan products offer flexible financing options to …
Mar 27
Get Rid of Pet Smells Fast
Get Rid of Pet Smells Fast Beloved household animals can leave behind smells that could turn off potential buyers when a home is for sale. Homeowners—who may have become “nose blind” to the smells—may want to take a few steps to remove any lingering smells prior to their first showing. Here are a few tips …
Mar 26
Freddie Mac Update on Housing and Market
Freddie Mac Update on Housing and Market Lower mortgage rates are making for a rosy spring selling season, even if the economy is starting to show some sluggishness, economists note in Freddie Mac’s March forecast. “The real estate market is thawing in response to the sustained decline in mortgage rates and rebound in consumer confidence—two …
Mar 25
Mortgage Apps up to Record Highs
Mortgage Apps up to Record Highs Mortgage applications set a record for the third consecutive week as lower rates drew out more refinancers and home buyers, according to the Mortgage Bankers Association’s seasonally adjusted application index. Total mortgage application volume rose 1.6 percent last week compared to the previous week, and applications are now 1.8 percent …
Mar 22
Fed Done Raising Rates
Fed Done Raising Rates The Federal Reserve announced Wednesday after its March meeting that it will leave its short-term interest rates unchanged and also signaled that it likely will not raise rates for the remainder of the year. This marks a sudden change to what had been five consecutive quarters of rate increases. Not only …
Mar 21
Home Buying as Spring Kicks Off
Home Buying as Spring Kicks Off A growing number of Americans believe now is a good time to purchase a home as the real estate market heads into what is traditionally its busiest season of the year. In the first quarter of 2019, 37 percent of consumers said they “strongly believe” that now is a …
Mar 20
Now is a great time to buy or sell a home.
Now is a great time to buy or sell a home. Buying or selling a home can be challenging, but it doesn’t have to be. Let me help! Why work with a licensed mortgage professional? I provide accurate information on numerous financing options available to potential buyers and sellers looking to move into a new …
Mar 19
Self-Employed Mortgages getting easier
Self-Employed Mortgages getting easier Americans who are self-employed and freelance or contract workers have long had to struggle to qualify for a mortgage compared with those with W-2 forms or pay stubs that lenders can use to verify their incomes. For the self-employed, the mortgage process can be time-consuming and cumbersome. Lenders often require extra …
Mar 18
30-Year Rates Plunge
30-Year Rates Plunge Home shoppers are finding some of the lowest mortgage rates in more than a year. “Mortgage rates declined decisively this week amid various market reports, a strong bond auction, and further uncertainty around the Brexit deal, which all contributed to driving bond yields lower,” says Sam Khater, Freddie Mac’s chief economist. “At …
