Tag Archives: mortgage rates

Foreclosures and Delinquency Rates Drop

Foreclosures and Delinquency Rates Drop

Nothing is worse for a local neighborhood than “zombie” homes. These are homes that are usually foreclosures or homes that are way behind in their mortgage payments. If these owners can’t afford to pay their mortgage, then they cant afford to keep the house looking nice either which creates a “blight” or stigma in that […]

New Home Sales Improve

New Home Sales Improve

Median Sales Prices Jump to $330,800. Sales of newly built homes rose in November according to the U.S. Census Bureau and Department of Housing and Urban Development (HUD). New home sales increased by 1.3% from October for an seasonally adjusted annual rate of 719,000. Last year, this was much lower at 615,000, so this is […]

Home Builder Sentiment Best in 20 Years

A stronger economy and a severe housing shortage have the nation’s home builders feeling better than they have in two decades. Builder confidence in the newly built, single-family home market jumped 5 points in December to 76, the highest reading since June 1999, according to the National Association of Home Builders Housing Market Index. Anything […]

Loan Limits Raised

Many homebuyers can now get a Conventional mortgage rather than a Jumbo mortgage. Fannie Mae and Freddie Mac have announced their new (and higher) conforming loan limits for 2020 and the good news is that more home buyers will be able to purchase a home via a conventional mortgage than being forced to obtain a […]

Bidding Wars

Report shows over 10% of homes for sale have multiple bids. Nothing makes a seller feel better and a home buyer feel worse than a bidding war. This is when multiple offers come in, driving up the price of the property for sale. Historically low unemployment rates, rising wages and mortgage rates that are lower […]

1/3 of Consumers Do Not Shop Mortgage Rates

1/3 of Consumers Do Not Shop Mortgage Rates

Consumers can be picky when it comes to every day shopping, often times buying something online or from a different store just to save a few dollars.  But when it comes to comparing and shopping for mortgage rates, consumers appear to be less picky. According to a new Fannie Mae survey, around a third of […]