Iâve noticed a trend lately. Everyoneâs a real estate expert. It seems the most recent crisis and recovery has turned just about every single person into a guru on all things to do with home buying and selling. I suppose part of it has to do with the fact that the massive housing bubble that [&hellip
The post When Will the Next Housing Market Crash Take Place? first appeared on The Truth About Mortgage.
A new bill being floated by Representative Karen Bass (D-Calif.) aims to lower the costs of obtaining an FHA loan, which have surged in recent months. Back in April, the FHAâs upfront mortgage insurance premium increased from 1% to 1.75%. On a $200,000 loan, weâre talking about an increase of $1,500, which certainly isn’t incidental. [&hellip
The post Proposed Bill Lowers FHA Costs for Educated First-Time Buyers first appeared on The Truth About Mortgage.
Living in a state capital has its advantages!
The post The Best State Capitals to Call Home appeared first on The Rent.com Blog : A Renterâs Guide for Tips & Advice.
You guessed it. Just in time for the holidays, mortgage rates fell to yet a new record low. What a nice gift to give existing and prospective homeowners. Average interest rates on the popular 30-year fixed-rate mortgage slipped to 3.91% during the week ending December 22, down from 3.94% a week earlier, per Freddie Mac [&hellip
The post Happy Holidays: Your Gift is Record Low Mortgage Rates first appeared on The Truth About Mortgage.
Despite a slight uptick this week, mortgage rates are still pretty much rock bottom, and unarguably at ridiculously low levels. This has sparked yet another refinance boom, with mortgage application volume rising to its highest point since May 2009, per the latest data dump from the Mortgage Bankers Association. This is great news for existing [&hellip
The post Are the Low Mortgage Rates a Home Buyer Trap? first appeared on The Truth About Mortgage.
Looking for outdoor adventures? Consider making the Centennial State home!
The post The Best Places to Live in Colorado in 2021 appeared first on Rent Blog.
Everyone knows mortgage rates are low. But just how low are they compared to historical averages, or should I say, medians? Well, fortunately John Burns of John Burns Consulting did the math for us in a recent newsletter. Currently, 30-year fixed mortgage rates for conforming mortgages sit at 3.51%, on average, per the latest Freddie [&hellip
The post Median 30-Year Mortgage Rates Over the Past 42 Years first appeared on The Truth About Mortgage.
Everyone seems to be thoroughly enjoying the low mortgage rate environment that has been in effect for a couple of years now. Those with existing mortgages likely already refinanced to a lower rate, while those looking to dip their toes in real estate have probably been more enthused to go ahead with the purchase. This [&hellip
The post Will Higher Mortgage Rates Cripple the Real Estate Market? first appeared on The Truth About Mortgage.
If youâve listened to the news lately, youâve probably heard that home prices are on the mend, big time. The latest piece of good news comes courtesy of S&P Dow Jones Indices, which released its S&P/Case-Shiller Home Price Indices report yesterday. It revealed that average home prices increased 8.6% and 9.3% for the 10- and [&hellip
The post Five Reasons Home Prices Are Rising Like Crazy first appeared on The Truth About Mortgage.
Just about everyone knows mortgage rates have shot up rather dramatically recently. And now some of the major market players are actually addressing the matter, which seems a tad unusual. This morning, mortgage financier Freddie Mac discussed how 30-year fixed mortgage rates have increased about 40 basis points (0.40%) since May, rising from the 3.5% [&hellip
The post Mortgage Rates Would Need to Rise to 7% Before Median Home Unaffordable first appeared on The Truth About Mortgage.