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This Month’s Housing Market Could See Record Sales

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By | April 19th, 2017|housing market, Mortgage News|Comments Off on This Month’s Housing Market Could See Record Sales

Inflation and the Housing Market: This Year’s Forecast

Change is the new norm for this year’s housing market. President Trump called for a review of the Dodd-Frank Act, FHA mortgage insurance premium cuts were suspended, and now the year’s inflation forecast is no different. In fact, according to Freddie Mac’s latest outlook on inflation and the housing market, consumer price inflation has started [...]

By | March 8th, 2017|housing market, inflation, Mortgage News|Comments Off on Inflation and the Housing Market: This Year’s Forecast

FHA Mortgage Insurance Premium Cuts Now Suspended

Two weeks ago, the Federal Housing Administration (FHA) announced that all FHA-backed mortgages to close on or after January 27 would have a .25% reduction in mortgage insurance premiums. As of last Friday, however, the Department of Housing and Urban Development has suspended these rate cuts indefinitely.  Powered by WPeMatico

By | January 25th, 2017|housing market, Mortgage News|Comments Off on FHA Mortgage Insurance Premium Cuts Now Suspended

FHA Rate Cuts: A Great Beginning To 2017

Last week, the Federal Housing Administration (FHA) announced that it has reduced its annual mortgage insurance premiums (MIPs) by .25% for the majority of borrowers. This rate cut will apply to all FHA-backed mortgages that close on or after January 27 and, on average, is expected to save borrowers $500 throughout 2017. Powered by WPeMatico

By | January 14th, 2017|housing market, Mortgage News|Comments Off on FHA Rate Cuts: A Great Beginning To 2017

Here’s Where Rent Rates Rose In the U.S. In 2016

Since election week in November, increasing mortgage rates have dominated news headlines throughout the country. What most people don’t realize, however, is that home prices and mortgage rates aren’t the only spiking costs in today’s economy—the cost of rent has drastically increased as well.  Powered by WPeMatico

By | January 11th, 2017|housing market, Mortgage News, rent rates|Comments Off on Here’s Where Rent Rates Rose In the U.S. In 2016

What You Need To Know About Today’s Homebuyer

According to our last article, “Next Year’s Perspectives on Housing,” 2017 is going to be full of home buying opportunities. Mortgage rates remain lower than the previous decade, homebuilder confidence is high, and home buyer sentiment has stayed strong. One element of the housing market, however, has drastically changed within the past year: the nation’s [...]

By | January 4th, 2017|homebuyers, housing market, Mortgage News|Comments Off on What You Need To Know About Today’s Homebuyer

Next Year’s Perspectives on Housing

According to the Mortgage Bankers Association, next year will be full of home buying opportunities, especially when compared to the past few decades of mortgage history. Three factors in particular will make the year’s housing market a great time for the nation’s current and potential homebuyers. Let’s take a closer look at next year’s mortgage [...]

By | December 29th, 2016|housing market, Mortgage News|Comments Off on Next Year’s Perspectives on Housing

Year Ends With Highest Homebuilder Confidence Since 2005

According to the National Association of Home Builders’ Housing Market Index, home builders witnessed a substantial boost in homebuilder confidence after President-elect Donald Trump won the election in November. Although builder sentiment has remained steady within the past couple of months, this seven-point spike in confidence has mortgage experts particularly eager for what’s to come [...]

By | December 21st, 2016|homebuilder sentiment, housing market, Mortgage News|Comments Off on Year Ends With Highest Homebuilder Confidence Since 2005

2017 Housing Market Forecast: It’s Going To Be A Good Year

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By | December 17th, 2016|housing market, Mortgage News|Comments Off on 2017 Housing Market Forecast: It’s Going To Be A Good Year

Mortgage Tips for Millennial Homebuyers

According to Fannie Mae’s latest National Housing Survey, 93 percent of millennials aged 25 to 34 hope to buy a home in the near future. This means more first-time homebuyers are preparing themselves to enter the housing market; but with such a clear demand for homeownership, why haven’t they yet switched from renting to buying? [...]

By | December 14th, 2016|first-time homebuyers, housing market, millennial homebuyers, Mortgage News|Comments Off on Mortgage Tips for Millennial Homebuyers