Home Affordability Reaches Record-Levels… Last Quarter.
it's a fantastic time to be a Philadelphia home buyer where 66.3 percent of all new and existing homes sold in the third quarter were affordable
Pending Home Sales Index Points To A Budding Seller’s Market
The Pending Home Sales Index surged 10 percent in October as low mortgage rates and low home prices spurred buyers into action. The market looks different today, however.
Pending Home Sales Slip In September, Suggesting A Buyer’s Market Until January
So long as mortgage rates remain rock bottom, the autumn season is looking like a terrific time to buy.
As Buyer Foot Traffic Rises, So Does Homebuilder Confidence
According to the NAHB, October's HMI reading of 16 is its highest value in 5 months. The uptick hints that the market for newly-built homes may rebound more quickly that this summer's weak new homes sales figures would otherwise suggest.
Time To Refinance? Mortgage Rates Down 1.00 Percent Since April.
The rate-and-fee combination you'd get in your home state is different from the rate-and-fee combination you'd get if you lived somewhere else. In the West, rates are low and fees are high; in the Southeast, it's the opposite.
Avoiding Common Mortgage Scams
Despite tougher mortgage guidelines and better loan disclosures for consumers, mortgage fraud is on the rise.
Bank Mortgage Lending Policies Appear To be Easing
According to the Federal Reserve's quarterly survey of senior bank loan officers, roughly 1 in 10 lenders added mortgage qualification hurdles between April and June. It's a huge departure from just 2 years ago when the mortgage industry was facing its first wave of challenges.
Mortgage Rates May Be Low, But They’re Tough To Pin Down — Especially This Week
Mortgage rates would have been volatile this week. The presence of Labor Day just piles on. If you have a chance to lock something favorable and within your budget, consider doing it.
Home Affordability Rankings For 225 Metropolitan Statistical Areas
With home prices holding firm and mortgage rates still dropping, home affordability is reaching new heights.
Home Builder Confidence Falls Again; Home Buyers Gain Leverage?
After reaching a 3-year high just 90 days ago, the National Association of Homebuilders' Housing Market Index is now at a multi-year low after falling by almost half.
Mortgage Rates Make New Lows For The 9th Week In A Row
Mortgage rates are (again) at their lowest levels in history.
New Home Sales Rise In November; Hint At Strong Winter 2011
Like most housing data from November, the most recent New Home Sales report showed sales volume increasing last month, and home supplies falling.