Tag Archives: low interest rates

Rates go Down, but Things are Looking Up

  Fannie Mae and Freddie Mac backed mortgages are hitting a 15-year high, according to the July 2017 Housing Finance at a Glance Monthly Chartbook recently released by Urban Institute. The share from 2007 to 2013 was approximately 40 percent, but Q1 2017 is reflecting an increase to 47.8 percent. This is one of the […]

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Another Rate Hike in the Future???

Many in the mortgage industry were anxiously waiting to view the results of the final jobs report of 2015 to see if the Federal Reserve was on track with the timing of its long-awaited December rate hike or if the central bank acted too quickly. The Bureau of Labor Statistics (BLS) reported better-than-expected job gains […]

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FHA to lower cost of mortgage insurance

In an effort to make owning a home more affordable, the Federal Housing Administration will dramatically cut the costs associated with the mortgages it backs. Premiums for FHA mortgage insurance, which is designed to protect the agency in case a borrower defaults on a loan, will be cut from 1.35% of a loan’s value to […]

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3 reasons right now is the best time to buy a home.

  The advantage is on the buyer side!!! There has never been a better time to buy a home this year.  And yet despite three major advantages for homebuyers, sales so far have been slow. Buying is cheaper than renting in most markets. And with mortgage activity down, originators, one would think, would be bending […]

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Mortgage Rates Continue Downward Slide

Despite performing far better than anticipated, April jobs numbers weren’t enough to prop up fixed mortgage rates this week, market reports show. In its Primary Mortgage Market Survey, Freddie Mac clocked the 30-year fixed-rate mortgage (FRM) at an average 4.21 percent (0.6 point), down from 4.29 percent and the lowest level since late last year. A year ago, […]

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Mortgage Rates Pull Back Further

Freddie Mac’s weekly Primary Mortgage Market Survey shows the 30-year fixed-rate mortgage falling to an average rate of 4.41% for the week ending January 16, down from 4.51% the previous week. A year ago, the 30-year fixed average sat at 3.38%.  The 15 year fixed-rate mortgage averaged 3.45%, down from 3.56% previously. Adjustable rates were […]

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Buyers Who Can Profit from Today’s Market

There are 4 types of buyers who are the best candidates to profit from today’s market conditions: Move Up Buyers:  Buyers selling smaller homes and moving up to a larger, more expensive property can more than recover any losses they get from selling with the savings they’ll proportionally receive when they buy a more expensive […]

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US Home Prices Have Highest Increase in 7 Years

The National Association of Realtors announced a 9.3% gain in US home prices in February of this year as compared with a year ago, driven by increased number of buyers and a decreasing inventory of available homes to purchase.  Increasing employment & near-record low mortgage rates are keeping demand for home buying high, helping sustain […]

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Market Recovery Driven by Investor or Non-Investor Homebuyers????

The Campbell Housing Pulse Tracking Survey shows that the Investors, who have flooded the market in the past year, are not the only Homebuyers showing a strong presence in the non-distressed property market.  In March of 2013, at over 36%,non-investors purchased over 3 times the number of non-distressed properties than investors.  Another interesting statistic is […]

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Are we in another “bubble” that might burst?

http://www.dsnews.com/articles/investors-inventory-shortgage-catalysts-to-housing-rebound-report-2013-04-18 Some homeowners & future buyers have been concerned that the low inventory of homes & the onslaught of investors purchasing properties in our market has created another bubble.   Protek Valuation Services Home Value Forcast say otherwise, stating that they believe these factors have CONTRIBUTED to our Real Estate recovery rather than creating an artificial […]

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