Mortgage rates fall to an all-time low
The average U.S. rate for a 30-year fixed mortgage fell to 3.29% this week, the lowest ever recorded by Freddie Mac in a series that goes back to 1971. The… Read more »
Category: General
Federal Reserve makes emergency rate cut amid coronavirus fears
The Federal Reserve unexpectedly cut its benchmark rate by half a percentage point in an effort to bolster the economy and calm coronavirus fears. “The coronavirus poses evolving risks to… Read more »
Mortgage rates return to 3-year low
The average U.S. fixed rate for a 30-year mortgage fell to 3.45% this week, matching the three-year low set three weeks ago. The rate declined as global money managers spooked… Read more »
U.S. home prices rise by 4% in December
Be forewarned! Not every home in every market went up by exactly this amount! to get a better grasp of whats going on in your neighborhood contact us via the… Read more »
Record number of renters believe renting is more affordable than owning
A recent report from CoreLogic showed that home prices increased 4% year over year in December, and projected the U.S. price index will rise by 5.2% by December 2020. As… Read more »
Welcome to the big leagues: Increasing loan limits fuel industry competition
Like clockwork for the industry, every year for the last four years, the Federal Housing Finance Agency increased Fannie Mae’s and Freddie Mac’s conforming loan limits at the start of… Read more »
Better walkability means higher home prices
Across the U.S., homes that are built within walking distance of schools, shopping, parks and other urban amenities sell for an average of 23.5%, or $77,668, more than comparable properties… Read more »
Freddie Mac’s December forecast hints at market stability in 2020
As U.S. home sales are projected to climb in 2020, Freddie Mac’s December Forecast indicates the housing market will continue to stand firm moving into the new year. According to the government-sponsored enterprise,… Read more »
Federal Reserve ready to maintain rate, minutes show
Federal Reserve officials used to worry that if the U.S. unemployment rate dropped below 5% it would spark inflation, which would lead to higher borrowing costs, including mortgage rates. Now,… Read more »
Bobby Darin’s one-time Beverly Hills home listed for $8.5M
Its home recording studio has been used over the years by the Red Hot Chili Peppers, Black Sabbath, Carlos Santana and Ozzy Osborne.