Home foreclosure rates hit 18-year low in United States
low mortgage rates across the United States
Low mortgage rates aren’t the most important factor for potential buyers to weigh
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 […]
Analysis shows cities at most, least risk of housing crash in next recession
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 […]
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 […]
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 […]
Real estate replaces stocks as America’s favorite long-term investment
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 […]
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 […]
‘Disaster Investors’ are capitalizing on volatile climate in United States
The aftermath of a natural disaster is one of the most tragic scenes of loss and devastation one can imagine. It is also an opportunity for real estate investors who have learned how to profit from destruction. A report from the Wall Street Journal details the rise of a class of investors who are specifically […]
Freddie Mac anticipates low mortgage rates extending through 2020
A welcoming housing market could be in the forecast for a while after Freddie Mac’s July report indicated that low mortgage rates will likely hang around for a while. With 30-year fixed mortgage rates hanging around or below 4% for much of 2019, the economy has seen an uptick in mortgage applications for purchase and […]
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 […]
