Mortgage Rates Inch Up After weeks of moderating, mortgage rates moved up slightly this week. But aspiring home buyers may be able to breathe a sigh of relief: Freddie Mac economists revised their forecasts this week to predict 30-year fixed-rate mortgages to average below the 5 percent threshold for at least the next two …
Tag: News
Feb 01
Federal Reserve voted to leave interest rates unchanged
Federal Reserve voted to leave interest rates unchanged The Federal Reserve voted to leave interest rates unchanged Wednesday and signaled that it’s not in any hurry to resume raising rates in 2019. Fed Chairman Jerome Powell used words like “patient” to describe the Fed’s latest approach to increases. His change in tone follows four rate …
Jan 31
First-Time Buyers Will Have the Easy time purchasing here
First-Time Buyers Will Have the Easy time purchasing here Pittsburgh, Cleveland, and Oklahoma City are the best cities for first-time home buyers hoping to jump into homeownership, according to a new study released by LendingTree. The three cities ranked on top of a new list released from LendingTree that stacked the 50 largest metros up …
Jan 30
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? We provide accurate information on numerous financing options available to potential buyers and sellers looking to move into a new …
Jan 29
Housing Market Is Starting to Look Brighter
Housing Market Is Starting to Look Brighter Real estate indicators are starting to shift in favor of home buyers as the housing market sets its sights on spring. Mortgages are getting cheaper, housing inventories are growing, and home prices are rising at a slower pace. Mortgage rates have been holding steady for the last few weeks. The …
Jan 28
Modern or Contemporary Homes?
Modern or Contemporary Homes? Your buyers may say they want a “modern” or a “contemporary” home, but those two words are not interchangeable. So, what do they really mean? Modern and contemporary styles do share many of the same traits, but they are two distinct styles. And they often get confused, according to an article …
Jan 25
Bad Reviews on Yelp?
Bad Reviews on Yelp? You may not be happy with an unfair online review you received that you feel is damaging your business. But you may have little recourse in court to have it removed if the online site chooses not to. The U.S. Supreme Court has refused to hear a case against the online …
Jan 24
Home Sales Plunge 6.4%, Mortgage Rates Blamed
Home Sales Plunge 6.4%, Mortgage Rates Blamed Following two consecutive months of increases, existing-home sales dialed back at the end of 2018 and economists pointed to higher mortgage rates for most of last year as one of the main culprits. However, they’re optimistic a turnaround will be in sight for home sales in the spring …
Jan 23
Don’t have a credit history? Home ownership is still possible.
Don’t have a credit history? Home ownership is still possible. Everyone deserves a chance to achieve the dream of home ownership. That includes home buyers who may not be able to quality for a loan in the traditional way , including those who don’t have credit history. That’s where Freedom Mortgage and Myself Anthony …
Jan 22
Young Adults Aren’t Buying
Young Adults Aren’t Buying High student loan debt is one main culprit for the lower rate of home ownership over the past decade, a new study from the Federal Reserve shows. Home ownership of all Americans has fallen 4 percentage points from its peak of 69 percent in 2005. It has dropped the most—from 45 …
Jan 21
Lower Mortgage Rates Escalate Sales
Lower Mortgage Rates Escalate Sales The real estate industry will soon see what kind of impact weeks of declining mortgage rates have had on home sales. Will it provide the boost some experts are predicting? Since early November, the 30-year fixed-rate mortgage has fallen nearly half a percentage point, from 4.94 percent to 4.45 percent, …
Jan 18
Town homes to Win Over Young Buyers
Town homes to Win Over Young Buyers Builders across the country are betting on luxury town homes to try to get more young adults into home ownership. Open floor plans, high ceilings, and upgraded amenities are features they hope will lure millennials to buy their first home. “When a lot of people think of townhouses, …
