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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

Suburbs are Surpassing Cities in Growth

Although mortgage news throughout the country has focused on the waves of young millennials moving to urban areas, the Urban Land Institute’s Terwilliger Center for Housing’s latest report suggests that the suburbs have actually surpassed cities in growth.    Powered by WPeMatico

By | December 10th, 2016|housing market, Mortgage News|Comments Off on Suburbs are Surpassing Cities in Growth

How President-elect Trump May Affect The Housing Market

Since election week, mortgage rates have risen nearly half a percentage point—spiking 30-year fixed home mortgage rates to last year’s levels. Investors throughout the country began selling bonds to honor the President-elect’s mission to lower taxes, encourage deregulation and invest in various infrastructure projects. With increased government spending, we may expect higher inflation to continue [...]

By | November 30th, 2016|housing market, Mortgage News|Comments Off on How President-elect Trump May Affect The Housing Market

Federal Reserve Decides Against Raising Interest Rates This Month

This week, the Federal Open Market Committee held its monthly meeting to discuss the state of the nation’s interest rates. According to Janet Yellen, Federal System Chair of the Board of Governors, the Committee decided to forgo raising interest rates to help the U.S. market recover from the impact of Brexit. In fact, the Federal [...]

By | September 24th, 2016|housing market, interest rates, Mortgage News|Comments Off on Federal Reserve Decides Against Raising Interest Rates This Month

Louisiana Floods Slam Southeastern Housing Market

According to the Red Cross, this month’s flooding in Louisiana is considered as the worst natural disaster since Hurricane Sandy, which hit nearly four years ago. The floods affected over 110,000 families, many of which lost everything and are now forced to look for new homes. This has caused the state’s housing market to reach [...]

By | August 31st, 2016|housing market, louisiana floods, Mortgage News|Comments Off on Louisiana Floods Slam Southeastern Housing Market