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Flat Mortgage Rates Lead To Spiking Demand

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According to the Mortgage Bankers Association’s Weekly Applications Survey, average mortgage rates were down or unchanged across all loan categories last week. Rates for 30-year fixed-rate loans with conforming balances remained unmoved from the week before, while rates for jumbo loans, loans backed by the Federal Housing Administration, and 15-year fixed-rate loans all fell. Joel Kan, an MBA economist, told …

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New Home Builders Say Buyer Interest Is Strong

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Buyer demand for new homes remains strong, according to the most recent Housing Market Index from the National Association of Home Builders. The Index – which measures builders’ confidence in the new home market on a scale where any number above 50 indicates more builders view conditions as good than poor – was at 64 in July. Additionally, individual components …

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New Outlook Sees Housing Activity Slowing

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At the start of the year, unusually warm winter weather across much of the country led to a boost in housing numbers. Most significantly, construction of new homes benefited from the opportunity to build in areas usually limited by snow and bitter cold. And, because new home construction helps control price increases, the housing market was looking particularly well positioned …

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Orlando Market Pulse – June 2017

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  From the Orlando Regional Realtor Association’s most recent Market Pulse. Orlando median price, sales on the rise as inventory slide decelerates The median price of Orlando homes sold during the month of June increased more than 7 percent while sales likewise climbed nearly 8 percent compared to June 2016, reports the Orlando Regional REALTOR® Association. Inventory continued its year-over-year …

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Prices May Not Be As High As Homeowners Think

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Naturally, home prices are a big part of any discussion of where the housing market is and where it’s headed. That’s because it’s an easy metric for home buyers and sellers to follow. It’s also because it’s an important factor in making decisions about when to make a move. However, recent news of rising prices may have hopeful homeowners getting …

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Americans Say Buying A House Is A Good Investment

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The vast majority of surveyed Americans say they believe owning a house is a solid investment, according to a new survey from Digital Risk. And that doesn’t just include homeowners and prospective buyers. In fact, 83 percent of renters agreed with current homeowners who said that buying a house was a good investment. Jeff Taylor, managing director for Digital Risk, …

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Stronger Economy Leads Mortgage Rates Upward

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In the years following the housing crash, average mortgage rates hovered near or at all-time lows. Combined with lower home prices, historically low rates provided a great incentive for interested buyers to take advantage of affordability conditions and buy a house. As the economy and housing market has recovered, however, mortgage rates have begun to inch upward. For example, the …

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Americans’ Credit Scores Reach Record High

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Your credit score is a pretty significant number. Though you may not think about it all that often, it has an effect on your ability to qualify for a loan and the terms you’ll receive if you’re approved. In other words, your credit score can cost you money. That’s why it’s important to maintain good financial habits and check in …

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How Much Should You Expect To Spend After You Buy?

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If you’re in the process of, or thinking about, buying a house, you’ve probably done some calculations in your head about how much you’ll need for a down payment and what your prospective mortgage payment might look like. But you may not have given any consideration to how much you might spend after you’ve closed the deal. Simply put, you’re …

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Summer Housing Sentiment Hits Record High

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How are Americans feeling about the real estate market this summer? Well, according to Fannie Mae’s monthly Home Purchase Sentiment Index, as good as ever. The index – which measures consumers’ attitudes about home prices, buying and selling, mortgage rates, etc. – found overall sentiment up in June, even matching February’s all-time high. Doug Duncan, Fannie Mae’s senior vice president …