Keys to home

Refinancing boom has mortgage brokers swamped with applications

The surge in mortgage refinancing applications in 2019, led by prolonged falling interest rates in the United States, has work piling up for the mortgage brokers who are processing them.  Compared to a year ago this past week, refinancing applications were up an incredible 116%, according to the Mortgage Bankers Association.  With the 30-year fixed […]

Home undergoing remodeling

Forecasters see slowdown for home remodeling in the United States

One of the most common investments made to improve the value of a home, both for sellers and buyers, is remodeling. The industry has thrived in times of economic growth and a solid housing market nationally, but it’s not all created equal.  A new report from Harvard University’s Joint Center for Housing Studies projects that […]

FannieFreddie Chart

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 […]

Home Interior

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 […]