While the increase wasn’t as strong as in July, last month’s existing home sales posted a second straight month of gains and, as previously, the National..
Fed cuts interest rates, signals holding pattern for now
WASHINGTON (Reuters) – The U.S. Federal Reserve cut interest rates again on Wednesday to help sustain a record-long economic expansion but signaled a higher..
People who bought homes in the past 2 years could see ‘significant’ savings by refinancing now
Home loan rates are down about 1.25% from their 2018 peak, “which can translate to $2,200 a year in savings on a $250,000 mortgage,”..
Top 10 Features Millennials Want—and Don’t Want
At least four out of five millennial buyers prefer laundry rooms, hardwood front exteriors, patios and garage storage. Conversely, they give a thumbs down..
The 10 major U.S. cities where housing costs have increased the most
If you want to live in a big city but have a tight budget, you may want to avoid places such as Miami and..
Millennials drive mortgage refinance boom, and lenders are scrambling
KEY POINTS Refinance applications were up a stunning 116% this week compared with a year ago, according to the Mortgage Bankers Association. That has..
Home Purchase Sentiment Hits Record High
There was an unusually large bump in Fannie Mae’s Home Purchase Sentiment Index (HPSI) in July. The company said strong positive responses to questions..
Lower Interest Rates: What They Mean for Housing and the Economy
Recent jolts to the economy stemming in part from an intensified trade war with China have worried markets and resulted in a significant decline..
Latest 2019-2021 Predictions: Home Sales & Prices, Mortgage Rates & Loan Volume
Last week, our friends at the MBA released their latest predictions on home sales, home prices, mortgage rates, and mortgage volumes. Rates dropping this..
More Homebuyers are Having Success with Contingent Offers, Even as the Market Heats Back Up
Home-sale, financing, and inspection contingencies are all on the rise from a year ago. Although the housing market is beginning to heat back up this..
