Sustained low mortgage rates since March of 2019 are now ravishing the supply of starter homes across the United States. In a familiar pattern, the availability of cheaper mortgages encourages would-be home buyers to make the leap to ownership. There is a run on starter properties that cuts heavily into the supply, despite ongoing demand […]
Multifamily Dwelling
The nation’s two biggest mortgage lenders, Fannie Mae and Freddie Mac, will now be able to retain a larger share of their profits as the United States looks to transition them into private control. The Treasury Department and Federal Housing Finance Agency announced Monday that a new letter of agreement aims to boost the capital […]
low mortgage rates across the United States
With mortgage rates fluctuating in an enticingly low range over the past year, it’s natural for many aspiring buyers to consider jumping at the opportunity while it’s there. A 3.6% interest rate on a 30-year fixed rate mortgage carries a lot of appeal, but it shouldn’t cloud a buyer’s judgment when reviewing the fundamental reasons […]
For much of 2019, there have been rumblings that economic signs point to the possibility of a U.S. recession looming on the horizon. Whether it’s an inverted yield curve in the bond market, slowing GDP growth or global trade disputes, there are signals of possible risk present multiple areas of the economy. In advance of […]
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 […]
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 […]
Americans have cast aside their painful memories of the 2008 real estate housing market crisis and regained their faith in real estate investing, according to a national survey from Bankrate. Traditionally, real estate has been viewed as a safe and reliable long-term investment. It not only provides the benefit of a roof, but it also […]
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 […]
