Fixed-Rate Mortgages Tick Up Just Slightly This Week

Borrowing costs inched up moderately on fixed-rate mortgages, but still remain lower than last year’s averages, Freddie Mac reports in its weekly mortgage market survey. More on Mortgage Rates: Refi Applications Boost Loan Demand Understanding and Combatting the Rate Lock-in … [Read more...]

Home Ownership and Net worth

Over several years, home ownership has seemed to lose some of its appeal as a financial investment. As owners endured through the housing bust, some began to question whether owning a home was truly a good way to build wealth. But a study by the Federal Reserve properly answered this … [Read more...]

The Importance of Using an Agent when Selling Your House

When a homeowner decides to sell their house, they obviously want the best possible price with the least amount of hassles. However, for the vast majority of sellers, the most important result is to actually get the home sold. In order to accomplish all three goals, a seller should realize the … [Read more...]

Foreclosure Inventory Falls 35%, Celebration Muted

Many markets across the country are seeing fewer foreclosures. That’s because foreclosure inventory has plunged 35 percent nationally from a year ago, but housing experts aren’t ready to say the foreclosure crisis is completely behind the nation quite yet. The Current State of Foreclosures: … [Read more...]

How much down payment do you actually need?

A recent survey by Zelman & Associates revealed that 38% of those between the ages of 25-29 years old and 42% of those between the ages of 30-34 years old believe that a minimum of 15% is required as a down payment to purchase a home. A recent questionnaire administered by Freddie Mac showed … [Read more...]

Mortgage Rates, which direction might they be going?

What some experts are saying on the subject. HSH.com “For now, and likely through the summer, we may see data-driven bumps and dips in rates. Although we managed a slight dip presently, a bump is in order before long.” Freddie Mac “In the next few months, mortgage rates are likely to … [Read more...]

Renters – either way you are paying for a mortgage

There are some people that have not purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with our parents rent free, you are paying a mortgage - either your mortgage or your landlord’s. As a recent paper from … [Read more...]

Should I Rent My House if I Can’t Sell It?

There has been a lot written about how buying a home is less expensive than renting one in most parts of the country. Rents are skyrocketing and homes are still at great prices. These two situations are also causing some sellers to consider renting their home instead of selling it. After all, a … [Read more...]

Tiny Homes Spark Big Movement

A 164-square-foot home may sound like a squeeze to most Americans, but to some home buyers, it may very well be the perfect fit. “Dramatic downsizing is gaining interest among Americans, gauging by increased sales of plans and ready-made homes and growing audiences for websites related to the … [Read more...]

NAR Reports Reveal Two Reasons to Sell Now

We all realize that the best time to sell anything is when demand is high and the supply of that item is limited. The last two major reports issued by the National Association of Realtors (NAR) revealed information that suggests that now may be the best time to sell your house. Let’s look at the … [Read more...]