Apartment living has its advantages, but it seems today’s renters are opting for single-family homes instead of schlepping their bags of groceries up elevators. What else is driving more people
Recent rate cut means smiles for mortgages and credit cards, sad news for savers
When the Federal Reserve cuts rates, there is a reason for it. While there is no crystal ball, the Feds look for signs of a slowing economy and often hedge
First-time homebuyers often feel unprepared for ownership
For some it seems like a no-brainer. Renting a home can often feel like throwing money away, offering no sense of ownership in return. However, for many, the idea of
Accessory dwelling units are being used for fun, family and profit
Casitas. Granny flats. Tiny homes. Back yard in-laws units. She-sheds. Man caves. Call them what you will, but across the country they are now being used not only for fun,
Dipping interest rates help single family home permits surge ahead of predictions
It’s a numbers game, but it’s one everyone in the real estate and the home building industry watches. While construction of new houses fell more than 9% in September, there
Borrowers jump on board the refinance bandwagon as rates drop
When mortgage rates plummet to historically low levels, you have to expect a reaction from the borrowing public. And, as usual, they did not disappoint. Borrowers got themselves to their
Timely payments and a surge in refinances mean lower foreclosures
Mortgage “performance.” Sounds like a fun financial song and dance, right? If you recall the days of heavy foreclosures, however, it’s no joke, especially to the mortgage servicing industry. And
Low rates may spur further home price growth as we move into 2020
If you’ve been waiting around to buy a home thinking prices would start stabilizing or getting reduced, think again. A new CoreLogic report is saying annual home-price growth will increase
Real estate still safest long-term retirement investment, survey says
When 2,000 Americans are asked their opinion about investing and a large chunk of them agree, it’s something worthy of note. According to a study done by the online magazine
Mortgage Market Update – September 16, 2019
Summer has come and gone and with it several interesting trends in the mortgage rate world. In today’s Mortgage Market Update, we look at what caused rates to inch up