Mortgage interest rates increasing - According to Freddie Mac’s latest Primary Mortgage Market Survey, the 30-year fixed rate mortgage interest rate jumped up to 3.94% last week. Interest rates had been hovering around 3.5% since June, and many are wondering why there has been such a significant increase so quickly. Why did rates go up? Whenever [...]
Lack of Listings: The housing crisis is finally in the rear view mirror as the real estate market moves down the road to a complete recovery. Home values are up, home sales are up, and distressed sales (foreclosures & short sales) are at their lowest mark in over 8 years. This has been, and will [...]
Housing Financials - From a purely economic perspective, this is one of the best times in American history to buy a home. Black Night Financial Services discusses this in their most recent Monthly Mortgage Monitor from a National Average perspective. Housing Financials Here are two of the report’s revelations: The average U.S. home value increased by [...]
One Hour can make a difference in what will happen overtime. It's happened to you in the past - Remember? One Hour Every Hour in the US Housing Market: 633 Homes Sell 253 Homes Regain Positive Equity Median Home Values Go Up $1.43 You Can Save For A Down Payment Faster Than You Think In [...]