New Homes in Houston TX by Long Lake

Mortgage Rates Drop in Response to Overseas Volatility

Mortgage rates recently dropped in response to global uncertainty, helping to keep buyer activity strong toward the close of the homebuying season, according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS®). The results of the survey found the 30-year fixed-rate mortgage (FRM) averaging 4.04 percent, and the 15-year FRM averaging 3.20 percent. The 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged …

New Homes in Houston TX by Long Lake

The Impact Credit Scores have on Your Housing Options

In recognition of American Housing Month in June, the American Bankers Association Foundation is reminding consumers of the critical impact credit scores can have on their housing options. “An important step to finding a home, whether you’re renting or buying, is ensuring that you have a good credit history,” says Frank Keating, ABA president and CEO. “A strong credit score …

New Homes in Houston TX by Long Lake

More than Half of Millennials Place High Priority on Homeownership

Remarkably negative findings from the 2015 How Housing Matters survey released this week by the MacArthur Foundation were punctuated by two critically important findings. Attitudes on the value of housing as an excellent long term investment have flip-flopped and Millennials put a higher priority on the dream of homeownership than their elders.

New Homes in Houston TX by Long Lake

Why Waiting to Buy a New Home is a Bad Move

With interest rates and home prices expected to climb in the next year, the financial penalties of delaying or forgoing a home purchase in today’s market have become very steep, according to the inaugural Opportunity Cost Report released recently by realtor.com®, a leading provider of online real estate services operated by News Corp subsidiary Move, Inc. The proprietary report examines …