Lock in Lower Rates on New Construction by Long Lake. If you’re shopping for a home in the Houston area, this is great news… you can save hundreds every month, and it’s something resale homes just can’t match right now. Across the country, buyers of newly built homes are securing mortgage rates about half a percentage point lower than buyers …
The National Index is up slightly showing 1-bedroom median rent across the country is up .6% to $1,504. The price for a 2-bedroom is also up .8% over last month to $1,856. Most of the country has settled back into traditional seasonal patterns, with prices increasing slightly in the spring and topping out during the summer. Many markets are still …
Mortgage rates are falling! Mortgage rates plunged to uncharted lows Monday March 9th and went on a wild ride. Fixed rates for a 30-year mortgage dropped to a range of 3 to 3.375 percent Monday morning, said Chad Helmcamp, senior loan officer at BWC Lending. During the span of a 10-minute interview with the Chronicle, he received two additional rate sheets from …
According to Freddie Mac, long-term mortgage rates have continued to decline, which is good news for the real estate market! An article in the Houston Chronicle stated: Mortgage rates began rising significantly in September, bringing fears in the Houston market as the region’s sales fell 6 percent from the year before.
Buying a home is a major financial commitment. It’s exciting, but can also be confusing and overwhelming. Choosing the best mortgage that fits your needs is an important first step and first-time home buyers in particular should research the many options and know the right questions to ask. Here are some questions to ask a lender that will help you …
As we continue to see improvements in the housing market, U.S. Housing and Urban Development Secretary Julián Castro recently announced the Federal Housing Administration (FHA) will reduce the annual premiums new borrowers will pay by half of a percent. This action is projected to save more than two million FHA homeowners an average of $900 annually and spur 250,000 new …
Freddie Mac recently released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates little changed from the previous week with the 30-year mortgage still hovering around 4 percent.
Are you planning to buy a house? Will you be able to afford the monthly payment? Indeed, you may have determined this by using a number of online calculators. However, you have to keep one thing in mind. Most of the calculations provide you with an estimate of the amount that you can borrow rather than the amount you can …
Did you miss out on refinancing your home in 2013? No problem, 2014 is also a good year to cross this off the list. What makes it an even more preferable option? The process does not take more than a few weeks. And the benefits? You get to enjoy them for a long time to come! So why not go …
