Higher Home Prices

Home prices are rising again as mortgage rates remain low

Low mortgage rates in the United States are finally beginning to drive price increases in the housing market. It’s a trend some analysts believe is going to pick up steam over the next year. For months, the low 30-year fixed mortgage rate (now hovering between 3.5% and 3.6%) has been encouraging a boom in refinance […]

Starter Home

Low mortgages won’t help first-time homebuyers if the inventory isn’t there

As 30-year fixed mortgage rates continue to plummet in the United States, many existing homeowners are taking advantage of the trend by joining the wave of refinancing.  Even with larger economic forces raising concerns about the U.S. economy, the housing market continues to broadly offer investment and savings opportunities that haven’t been around since November […]

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 […]

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 […]

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 […]