Homebuyers flock to the suburbs, but low supply may drive prices up
Better Mortgage News: Increased demand for single family homes in less dense areas could mean higher price tags for first-time homebuyers.
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Better Mortgage News: Increased demand for single family homes in less dense areas could mean higher price tags for first-time homebuyers.
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Better Mortgage News: A surprising number of homeowners with mortgages in forbearance are still paying on time.
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A look at the latest developments in the mortgage market for the week beginning 4/6/20 and the impact on borrowers.
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A look at the latest developments in the mortgage market for the week beginning 3/30/20 covering the impact of the stimulus bill and Fannie Mae’s actions.
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Inventory is starting to rise, but prices and competition are still hot. Homebuyers are finding new ways to make their offer the best it can be.
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A recent rate dip could save homeowners $300 a month on average. But acting quickly is key, as rates are expected to rise by the end of the year.
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With home prices rising in major cities, shoppers who cast a wider net in their search may have a better chance at locking in a lower-than-average price.
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As summer kicks into high gear and the sustained price spike starts to slow down, reluctant sellers might be enticed by reduced competition.
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The launch of Fannie Mae’s RefiNow program helps homeowners cut back on their interest rate and monthly payments. Find out if you qualify.
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Not getting caught up in the emotions of a competitive market is key to avoiding buyer’s remorse and successfully navigating bidding wars.
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Mortgage News: Homebuying is more competitive than ever this year, with a surge in speedy, virtual sales, new construction homes, and a widening supply gap.
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Mortgage News: New homes now take up a record high portion of the market, and they may be more affordable than existing homes.
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Mortgage News: Mortgage rates have dropped for the third week in a row, and homeowners are likely jumping on the opportunity to refinance at a lower rate.
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Mortgage News: While a recent dip in rates may provide homeowners savings, the truth is, shifts in the market shouldn’t determine when it’s time to refinance.
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Mortgage News: Home prices are growing at their fastest pace in 15 years, but homebuyers still have options that can help remedy home costs.
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Mortgage News: Homebuying season is upon us, but given the pandemic’s impact on the market, heavy sales and competition may not be limited to just one season.
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Mortgage News: Even though rates are rising, they’re still low enough to save owners and buyers more than last spring when the pandemic began.
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Mortgage News: Rising property values have driven home equity to a record high, leading more and more owners to cash-out refinance.
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Mortgage News: The current rise in rates may not mean the end of the refinance wave, as new data shows many homeowners are still eligible to save. Meta Description
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Mortgage News: Rates jump dramatically as the market responds to stimulus plans and the vaccine rollout.
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