Tag: Refinance

Posted on 04/29/2022

How Will Rising Gas Prices Impact the Housing Market?

As gas prices are steadily rising across the country, many U.S. residents are wondering when this increase will begin to slow down and whether or not sky-high gas prices could affect the housing market. Over the past several years, housing prices as well as the costs of many common goods and services have slowly risen due to the...

Gas Prices

Housing Market

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Posted on 03/29/2022

Some Owners Turn to Cash-Out Refinances

© whyframestudio - iStock / Getty Images Plus Some homeowners are turning to the equity in their current home to fund their next real estate transaction. But the move isn’t without risks. Most homeowners who bought a home before 2020 have seen rapid appreciation and rising equity in their homes. A cash-out refinance is allowing them to use...

Refinance

Cash Out

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Posted on 04/27/2021

Tall Barriers for First Home Buyers

Student debt holders and minorities tend to purchase lower-priced homes, leading to lost wealth accumulation over time, according to a new working paper, “Mind the Gap: Home Price Differences By Race and Student Debt.” The research, which evaluates purchase price differences among home buyers from January 2014 to December 2017, was conducted by Jessica Lautz, vice president of demographics...

Posted on 07/28/2020

From HousingWire.com:U.S. existing-home sales rose 21 percent in June, the biggest monthly gain on record, according to the National Association of Realtors.Sales of single-family homes, townhomes, condominiums, and co-ops rose to a seasonally adjusted 4.72 million at an annual pace after three consecutive months of declines, NAR said in a Wednesday report. The median price rose 3.5 percent...

Posted on 02/24/2020

Home prices are on the rise, but interest rates are still low, making it a great time to buy a home. From HousingWire.com: In December, home prices climbed by 4% from the previous year, according to CoreLogic’s latest Home Price Forecast. The CoreLogic HPI projects future home price growth based on several economic variables and measures the number of...

Posted on 02/06/2020

Mortgage rates have dropped to the lowest levels since before the 2016 presidential election. The 30-year fixed-rate mortgage averaged 3.45% during the week ending Feb. 6. This was the third consecutive week in which mortgage rates dropped. The last time the 30-year fixed-rate mortgage was at or below this level was in October 2016, when it averaged 3.42%. The...

Posted on 01/06/2020

We’re starting the year out on a low note, and that’s a good thing! According to the Freddie Mac Primary Mortgage Market Survey, the 30-year mortgage rate averaged 3.72 percent, which is lower than this week last year when the rate reach 4.51 percent. Sam Khater, Freddie Mac’s chief economist, attributes the stability in rates to improved economic data...

Posted on 12/09/2019

Both the Mortgage Bankers Association (MBA) and Freddie Mac are predicting continued good times for the housing market! The MBA recently predicted a strong finish for the year, forecasting that 2019 will be the best year for refinance loans since 2016, and the best year for purchase home loans since 2006.Freddie Mac followed this report with more good news,...

Posted on 10/28/2019

According to Freddie Mac's Primary Mortgage Market Survey, rates jumped from a previous low trend, but the general market sentiment is still favorable and optimistic.In the weekly Freddie Mac Primary Mortgage Market Survey, Freddie Mac's Chief Economist Sam Khater said, “...The housing market remains on the upswing with improvement in construction and home sales. While there has been a...

Mortgageupdate

Refinance

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