Long-time homeowners who can tap equity gains have an advantage over younger homebuyers who are often bidding for their first home and are unable to include as much cash in their offers.
Read More »How Much Homebuyers Know About Homebuying
A new industry survey reveals where homebuyers feel confident about the process, where they don’t, and even what percent of the surveyed would purchase an allegedly haunted house if the price was right.
Read More »Mortgage Rates Rise to Six-Month High
Eclipsing the 3% mark for the first time since April, fixed-rate mortgages hit 3.05% this week, with inflationary pressure building due to lingering pandemic issues, and a constricting monetary policy.
Read More »Increase in Purchase Apps Offsets Decline in Refis
Mortgage application volume held steady week-over-week according to a new report, as a slight drop in refis was countered by a rise in home purchases.
Read More »Finance of America Launches New Loan Program
The new loan product will allow borrowers to refinance their primary mortgage with second mortgages for accessory dwelling units.
Read More »What Are the Most Cost-Effective Days to Buy a Home?
According to an analysis of historical home sales, ATTOM finds the best and worst days of the year to buy a home.
Read More »Closing Costs Kept in Check
Although the average home price increased by nearly $45,000, closing costs, excluding taxes, have been found to have only increased by $400.
Read More »Housing Affordability Shows Improvement in August
Year-over-year, affordability declined in August, but progress was seen month-over-month, with median family income on the rise.
Read More »Starting a Family? Check These Cities First.
One of the biggest factors people with families consider when choosing a new home is what the environment will be like for their children as they grow; a new report covers the top 50 metro areas nationwide.
Read More »Rate Lock Volume Falls 10% in September
Climbing interest rates drove down rate lock volumes across the board in September, but the largest decline was seen—once again—in locks on rate/term refinance loans.
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