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 …
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 …
Redfin has come out with its new predictions for the 2020 housing market with the expectations that bidding wars will return after an 18-month hiatus. What does that mean for the real estate market? Daryl Fairweather, Redfin Chief Economist stated: “Low mortgage rates started to revitalize the market at the end of this summer, but we won’t see their full …
Due in large part to the persistent decline in mortgage rates throughout 2019, housing is now more affordable than it has been at any point in the last three years. That’s according to a new analysis of the nation’s housing market from the National Association of Home Builders and Wells Fargo. As the latest data from Freddie Mac shows, mortgage rates now sit at 3.69%, more than a full …
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.
After a notable run-up, both fixed and adjustable mortgage rates are taking a breather, reports Bankrate.com. Mortgage rates moved down slightly with the benchmark 30-year fixed mortgage rate slipping to 4.13 percent and the average 15-year fixed mortgage sliding to 3.35 percent. Adjustable rate mortgages (ARM) have lowered as well, with the 5-year ARM down to 3.22 percent, and the …
In the last few weeks, mortgage rates have significantly increased and we have witnessed some of the biggest jumps in the last 26 years. Despite the rise in rates, real estate pros are sure that this will not make homebuyers back off and houses will continue to be sold at the same pace, maybe even faster. Freddie Mac said that …
According to an analysis prepared by Trulia, compared to renting, buying a house is a better deal in every major US housing market so long as mortgage rates remain below 5.2 percent. Although the increasing interest rates will make homeownership unaffordable for some, the recent increase to over 4 percent isn’t expected to affect the housing activity. Mortgage rates increased …
