What Is Mortgage Insurance and When Do You Need It?
When buying a home with a mortgage loan, it’s essential to understand the costs you’ll be responsible for. One of those expenses may be mortgage insurance. Let’s take a look at what mortgage [...]
Should I Lock in My Mortgage Rate Today?
Mortgage interest rates are always changing – moving up and down each day, even each hour. These quick changes can impact the amount you pay when you refinance or close on your mortgage. As long [...]
How to Maximize the Value of Your Underwater House
Consider renting out your house in the event of a recession. When the next recession hits, the stock market will fall in value and the unemployment rate will rise, which means more homeowners may [...]
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In Buyer Traffic, contracts, Economist Commentaries, Mortgage, Mortgage Rates, REALTOR® Confidence Index, state data, unemployment
Posted Homebuying Continues to Pick Up in March 2019 Amid Favorable Economic Conditions
With economic conditions working in favor of homebuyers, REALTORS® reported an uptick in homebuying traffic in March 2019 compared to one year ago, according to NAR’s March 2019 REALTORS® [...]
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In Buyer Traffic, Economist Commentaries, Income, Mortgage, Mortgage Rates, REALTOR® Confidence Index
Posted REALTORS® Report Stronger Buyer Traffic as Affordability Improves
With mortgage rates on the decline and home prices appreciating at a slower pace, REALTORS® reported that homebuying traffic increased in February 2019 compared to one year ago, according to [...]
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In Economist Commentaries, housing affordability, housing affordability index, Mortgage, Mortgage Rates, Regional Data
Posted December 2018 Housing Affordability Index
At the national level, housing affordability is up from last month but down from a year ago. Mortgage rates were unchanged from last month at 4.99 percent this December, and up 18.2 percent [...]
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In affordability, Economic Updates, Home Buyers, Interactive, interactive map, Local Market Data, Mortgage, Mortgage data, Mortgage Rates, Regional and Local Data
Posted Planning to Buy a Home in 2019?
Mortgage rates are starting off 2019 at very good levels. In fact, mortgage rates declined, starting the new year with the 30-year fixed rate mortgage dipping to 4.5 percent last week from [...]
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In Economist Commentaries, housing affordability index, Income, Mortgage, Mortgage Rates, Regional Data
Posted October 2018 Housing Affordability Index
At the national level, housing affordability is down from last month and down from a year ago. Mortgage rates rose to 4.88 percent this October, up 18.7 percent compared to 4.11 percent a year [...]
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Posted With Higher Mortgage Rates, REALTORS® Expect Slightly Weaker Market Conditions Over the Next Six Months According to NAR October 2018 Survey
With interest rates on the rise, REALTORS® expect the housing market to slightly weaken over the next six months compared to current conditions, according to NAR’s October 2018 REALTORS® [...]
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In affordability, Buyer Traffic, Economist Commentaries, Home Price, Mortgage, REALTOR® Confidence Index, state data
Posted Homebuying Demand Still Strong in Job-Creating Affordable States According to NAR September 2018 Survey
Based on REALTORS® who reported about their transactions in September 2018, home buying activity slowed compared to the level of activity one year ago on a national level, according to the [...]