Mortgage Loan Rates Tick Higher as Applications Continue to Slip
The Mortgage Bankers Association reported this morning that applications for new mortgage loans slipped last week and interest rates rose slightly on most types of mortgage loans.
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CoreLogic August Home Price Index Jumps Nearly 7%
Home prices rose almost 7% nationally in August, a sharp year-over-year increase. The states of Washington and Utah posted double digit increases to lead the price hikes.
5 Ways to Get Rich in Real Estate
Buying, renovating, and flipping a house is not nearly as easy as it looks on TV. There are other ways to make money in real estate, however, and maybe even get rich.
Are Millennials About to Flood Home-Buying Market?
Millennials, now entering their first-home-buying years, will purchase homes in greater numbers than their older peers in Generation X or the baby boom.
Mortgage Loan Credit Risk Up in Q2
Lender risk on home mortgage loans rose slightly in the second quarter of 2017 and the average credit score for new buyers rose to 745.
Pending Home Sales Fall Sharply in August
Pending home sales dropped 2.6% in August according to the latest data from the National Association of Realtors. Hurricanes in Texas and Florida weighed on August sales and could continue to weigh on September…
Mortgage Loan Rates Ease Higher as Applications Dip Slightly
Mortgage applications dipped slightly last week and mortgage loan rates rose slightly. The Fed decision to leave the funds rate unchanged has put the mortgage market in a holding pattern.
New Home Sales Fell in August as For-Sale Inventory Climbed
According to data released this morning by the U.S. Census Bureau, home sales in August were down, but the median price fell and the number of houses for sale rose, both good news for…
July Home Price Increase Larger Than Expected: Case-Shiller
The Case-Shiller home price index for July rose more than expected on a national basis. The city with the biggest year-over-year increase is Seattle, up 13.5% compared to July 2016.
What to Do to Minimize the Impact of the Equifax Breach on Your Ability to Get a Mortgage
The massive data breach at credit reporting agency Equifax could have a major impact on your ability to get a mortgage. Here are some steps to take to battle the potential damage.
US Homeowner Equity Rises 10.6% Year Over Year in Q2
Homeowner equity rose by nearly 11% year over year in the second quarter of 2017. That amounts to about $766 billion on total U.S. homeowner equity of $8 trillion.
August Existing Home Sales, Inventory Dip Again
Sales of existing homes fell by nearly 2% in August, largely due to a shortage of inventory, especially for first-time buyers.
Mortgage Loan Rates Mostly Higher as Applications Decline 10%
The Mortgage Bankers Association reported Wednesday morning the applications for new mortgages fell by 9.7% last week while mortgages interest rates rose on most types of home loans.
August Housing Starts Continue Growing
The Census Bureau reported August housing starts Tuesday morning. Single-family homes continue to show strong growth which is good news for buyers.
5 Things Your Real Estate Agent Wants You to Know About Buying a House
Knowing just these five things about buying a house can help you and your real estate agent make the process a more rewarding experience and, ultimately, get you into the home you want.