New-Home Construction Surges to Highest Level in Decade More new homes entered the pipeline in May than any other month since the end of the Great Recession. Total housing starts increased 5 percent in May to a seasonally adjusted annual rate pace of 1.35 million units, the Commerce Department reported Tuesday. That marks …
Tag: News
Jun 20
Improve or repair your home with a renovation loan
Improve or repair your home with a renovation loan. Ready to make improvements that will turn your house into your dream home? Need to make repairs to your home due to damage? A renovation loan can be a great solution! This flexible loan can all you to: Remodel bathrooms or a kitchen Repair moderate …
Jun 19
Cities Where People Live the Longest
Cities Where People Live the Longest The median lifespan in the U.S. is 79 years, according to the Centers for Disease Control and Prevention. But residents in some cities are living past 80, on average. “If you want to live a long time, the best thing you can do is move to a place where …
Jun 18
Freddie to Help Under served Owners Find Jobs
Freddie to Help Under served Owners Find Jobs Freddie Mac announced a new partnership with a job-hunting firm called NextJob to provide employment search assistance to current and aspiring homeowners living in high-need or other poverty areas. The program will assist homeowners who have Freddie Mac Home Possible mortgages increase their re-employment prospects following a …
Jun 15
Gen Z Expected to Make Big Splash in Housing
Gen Z Expected to Make Big Splash in Housing Generation Z is still mostly comprised of kids, but analysts in the housing market are already expecting big things about this generation’s future appetite for real estate. Generation Z, born in 1997 and beyond, is a cohort of about 65 million to 75 million who are …
Jun 13
Need a Jumbo Loan to purchase your dream home?
Need a Jumbo Loan to purchase your dream home? Freedom mortgage’s Alliance jumbo loan is designed to meet the unique needs of home buyers looking to finance up to $3 million. Program features: 10, 15, 25 & 30 year fixed rates 5/1, 7/1 $ 10/1 Adjustable rate mortgages (ARMs) Borrow up to $3 million Available …
Jun 12
Despite Rising Prices, Negative Equity Persists
Despite Rising Prices, Negative Equity Persists Though homeowners are seeing their equity grow—properties with negative equity fell 3 percent in the first quarter of this year—2.5 million homes nationwide still are considered underwater, according to CoreLogic’s Home Equity Report. Negative equity refers to borrowers who owe more on their mortgages than their homes are worth …
Jun 08
Homeowner Equity Growth Streak Continues
Homeowner Equity Growth Streak Continues Homeowners with a mortgage saw their equity rise 13.3 percent year over year, according to CoreLogic’s Home Equity Report for the first quarter of 2018, released Thursday. The average homeowner gained $16,300 in home equity between the first quarter of 2017 and the first quarter of 2018. That is …
Jun 07
‘Low Price’ Homes Appreciating Fastest
‘Low Price’ Homes Appreciating Fastest Gains for lower-priced homes are seeing significantly higher increases than more expensive homes, according to the latest CoreLogic Home Price Index Report. CoreLogic researchers analyzed four individual home price tiers. The tiers were broken down into a “low price” tier that reflected homes priced at 75 percent or less of …
Jun 06
Yes, you can achieve the American dream of home ownership
Yes, you can achieve the American dream of home ownership We can help At freedom mortgage, we believe everyone should have the opportunity to own their own home. If you feel you may not be able to qualify for a mortgage, we have good news. We can provide you with flexible loan options that can …
Jun 05
Baby Boomers Plan to Delay Retirement
Baby Boomers Plan to Delay Retirement The majority of working baby boomers ages 50 and over say they expect to delay retirement, according to a survey by The NHP Foundation, a nonprofit real estate corporation supporting affordable housing. The cost of housing may be one reason why. Prospective retirees say their top three concerns are …
Jun 04
Mortgage Rates Retreat
Mortgage Rates Retreat After climbing to their highest level in more than seven years, mortgage rates eased a bit this week. It was the first time they declined in four weeks, says Sam Khater, Freddie Mac’s chief economist. The 30-year fixed-rate mortgage fell 10 basis points to a 4.56 percent average this week. “The decline …
