Interest rates for a 30-year fixed rate mortgage have been on the decline since November, now reaching lows last seen in January 2018. According to Freddie Mac’s latest Primary Mortgage Market Survey, rates came in at 4.12% last week! This is great news for anyone who is planning on buying a home this spring! Freddie Mac had this to say, “Mortgage[…] Read More
Some Highlights: The average down payment for first-time homebuyers is only 6%! Mortgage interest rates have been on the decline since November! Hop in now to lock in a low rate! 88% of property managers raised their rents in the last 12 months! The average credit score on approved loans continues to fall across many[…] Read More
Bubbl Alert! Is it Getting Too Easy to Get a Mortgage?
Economic Impact of Every Home Sold
Did you see the article of the recent housing Stats from ARMLS by Tom Ruff ofThe Information Market? Two Things jumped out. Distress sales are dropping and Normal sales are on the rise. (see chart below) August 2013 August 2014 Bank sales 631 427 Short sales 729 233 Normal sales 5,695 (80.7%[…] Read More
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