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Things to Consider When Buying a Home

30-year fixed-rate mortgages: averaged 3.29%, with an average 0.7 point, falling from last week’s 3.45% average. Last year at this time, 30-year rates averaged 4.41%.
15-year fixed-rate mortgages: averaged 2.79%, with an average 0.7 point, falling from last week’s 2.95% average. A year ago, 15-year rates averaged 3.83%.
5-year hybrid adjustable-rate mortgages: averaged 3.18%, with an average 0.2 point, falling from last week’s 3.20% average. A year ago, 5-year ARMs averaged 3.87%.

Many Americans are seeking a lower cost of living and better job prospects.

Even a slight mortgage rate increase or decrease can change the affordability for a house hunter.

The Lone Star State grew its total housing by a whopping $89 billion in 2019, the most in the country. California, by comparison, came in second at $77 billion, with Florida ($69 billion), Pennsylvania ($47 billion), and Washington ($45 billion) rounding out the top five.

Share this financial breakdown with clients so they understand what they’re paying for at the closing table.

Buyers and sellers say their real estate pros serve them well during a transaction but abandon them after the deal closes.

Starving First-Time Buyers of Options

“The purchasing power to buy a home has been bolstered by falling mortgage rates, and buyers are responding,” says NAR’s chief economist.

From eerie American ghost towns to charming Spanish hamlets, take a look at what's on offer right now.

The wealthy are largely being lured to the housing market.

Things to Consider When Buying a Home

Home values vary considerably nationwide, and that means aspiring buyers will need more—or less—money depending on where they’re putting down roots.

Down Payment Resource, the nationwide database for homebuyer programs, released its Fourth Quarter 2019 Homeownership Program Index (HPI). The latest HPI data debunks five common down payment myths that may be keeping buyers on the sidelines longer than necessary.
Down Payment Resource (DPR) communicates with 1,165 program administrators to track and update the country’s wide range of homeownership programs, including down payment and closing cost programs, Mortgage Credit Certificates (MCCs), affordable first mortgages and more.  …Read More

Home prices are going up; mortgage rates are going down. A study by Black Knight found that the buyer savings from mortgage rate drops more than offsets the rise in home prices by about 16% (about $48,000) in just over a year’s time.

A new report finds that, when transportation costs are factored in, Texas’s biggest metros aren’t the bargain they often claim to be.

Low mortgage rates and a belief that the economy is improving may be motivating people to make a move.

First-timers priced out of the market where they live are investing in more affordable places elsewhere.

Forget iBuyers and AI. The perfect non-human real estate agent already exists. They’re smart, loyal, always positive, and like to chew on shoes—well okay, three out of four still beats the iBuyers!

A new study shows Texas metros are some of the hottest places to move to in the U.S.  Real estate site CommercialCafe recently looked at "metro-to-metro" migration to see whic

Whether you’re a Realtor, mechanic, or even a doctor, chances are you spend a good portion of your day dispelling common myths about your job. Whether it’s patients who think they know it all after spending ten minutes on WebMD, or homeowners who think their home is worth what Zillow says, everybody’s an expert these days.

This marks the sixth consecutive weekly decline for mortgage rates, but to get the current rate, buyers may need to shop around.

From:  National Association of REALTORS

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