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New data reveals American’s gut sense for predicting mortgage rates

Over the first half of 2019, mortgage rates in the United States dipped to near-historic lows. Americans who were paying attention have reaped the benefits of refinancing, and there’s now enough data to prove they have a good gut sense.  Mortgage liquidity provider Fannie Mae conducts a monthly survey in which U.S. citizens are asked […]

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Low mortgage rates bring surge in refinancing, prepayments

Mortgage interest rates have hit their lowest levels since 2016. The favorable environment now opening up for consumers is sending ripple effects through the economy.  As the Federal Reserve moves closer to easing monetary policy, there’s no immediate sign that the near-record low rates will reverse.  The most recent Freddie Mac rate report had the […]

Short-term rentals offer big advantages for real estate investors

The rise of short-term rental services such as Airbnb and VRBO has had an enormous impact on how people plan vacations. This trend has also created an exciting alternative for those who invest in rental properties.  Deciding whether to use a property as a short-term rental is largely a matter of location and regulation. Because […]

Philadelphia nurses have second-most affordable market to buy a home

Ever since the 2008 recession, the trend of rebounding home values and stagnant income growth has made it increasingly difficult for working professionals to afford purchasing a home.  A new study on how this pattern has impacted one particular profession in the United States — nursing — shows that Philadelphia is the second-best place in […]

Low mortgage rates could spur hot summer for home sales in 2019

Mortgage rates in the United States dipped to their lowest levels since September 2017 last week, sticking to about 3.82% for a 30-year-fixed mortgage on June 7. What was unexpected about this drop is that it held firm for about five straight days. Typically, these drops are reversed more quickly as Mortgage News Daily noted […]