Say What? Home-Buying Lingo You Should Know
Need a crash course on real estate terms? This glossary will get you started.
Need a crash course on real estate terms? This glossary will get you started.
Posted To: MND NewsWire
The current Mortgage Monitor from Black Knight looks at the recent small increases in mortgage rates and their potential impact on home sales. The company says that Treasury yields have been rising with the 10-year up nearly 0.25 percent just since the January 5 Georgia senatorial runoff. While the spread between it and the 30-year mortgage rates absorbed part of the increase , mortgages did subsequently rise by about 1/8 th of a point. The January spike wasn’t an isolated event, the 10-year yield had eased up 40 basis points over the last five months of 2020. “Should yields rise further in coming months, they may begin to impact 30-year rates more directly, although the Fed’s bond buying efforts are expected to insulate the mortgage market to some degree,” the report says. The 1/8 th point…(read more)
You can’t see into the future, but you can make an informed decision.
U.S. new-home sales rose in December for the first time in five months, capping the best year since 2006 and signaling that record-low mortgage rates continue to drive demand for a sector thatâs been a bright spot in the economy.
The index of pending home sales dropped 0.3% in December, marking the fourth consecutive month of declines, the National Association of Realtors said Friday.
The post Pending Home Sales Fall on the Month, but the Midwest Is Hit the Hardest appeared first on Real Estate News & Insights | realtor.com®.
Even with inventory at record-low numbers, December new home sales still came in 15.2% higher than the same period last year.
The post New home sales historically high in 2020 appeared first on HousingWire.
If worries of the coronavirus have you shying away from buying that dream house, one one brokerage has you covered.
Home sales hit the highest level in 15 years, but affordability remains a concern moving forward.
The post Existing-Home Sales Soar Despite Record-Low Inventory appeared first on Real Estate News & Insights | realtor.com®.