Blog – Page 308 of 324

09

Jul

Financial ReportsFinancial Reports, Interest Rates, Mortgage Rates

What’s Ahead For Mortgage Rates This Week – July 9th, 2018

Last week's economic releases included monthly readings on construction spending, public and private sector job growth and June's national unemployment rate. Weekly readings included Freddie Mac mortgage rates and new jobless claims. Construction Spending Rises in May According to the Commerce, construction spending rose 0.40 percent in May; public sector construction spending rose 0.70 percent and private sector spending rose by 0.30 percent. Residential construction rose by o.80 percent, which analysts regarded as a good sign for the economy. Building more homes has long been identified as the only solution for persistent housing shortages that cause high demand for homes…

05

Jul

By support

MortgageCredit, Home Equity, Mortgage

Top Uses Of A HELOC

Homeowners who have equity built up in their homes can tap into that equity using a home equity line of credit, or HELOC. This financial tool can be a great way to accomplish a number of financial goals. Here are four excellent uses of a HELOC for homeowners to consider. Consolidating Costly Debts Credit card debt and other types of consumer loans are costly, unless a debtor is lucky enough to have a no-interest card. Borrowers can consolidate that debt into a HELOC, which is much more affordable because it is a secured debt. This advantage only works if the…

03

Jul

By support

MortgageClosing Costs, Home Loan, Mortgage

Seller-Paid Closing Costs In A Seller’s Market? Yes, It’s Still Possible

For first-time home buyers, closing costs are a major hurdle for home ownership. Coming up with a down payment and several thousand dollars for closing costs can be hard without home equity to tap. To help, buyers often ask sellers to cover all or some of these costs. In markets favoring buyers, this is a common habit, but when the market switches to favoring sellers it becomes harder. Sellers who know they may get multiple offers are less likely to say "yes" to this request. Yet even when the market favors sellers, buyers can still ask for this help. It…

02

Jul

By support

Financial ReportsFinancial Reports, Interest Rates, Mortgage Rates

What’s Ahead For Mortgage Rates This Week – July 2nd, 2018

Last week's economic reports included readings from Case-Shiller housing market indices and data released on new and pending home sales. Weekly releases on mortgage rates and first-time unemployment claims along with the Consumer Sentiment Index for June were also posted. Case-Shiller Reports Rapid Home Price Growth in April April home prices ticked downward by one-tenth percent for the National Home Price Index, which reported 6.40 percent growth year-over-year. Case-Shiller's 20-City Home Price Index also dipped by one-tenth percent to 6.60 percent year-over-year. Analysts note that home prices continue to outpace wage growth and inflation, which limits affordability for many prospective…

28

Jun

By support

Real EstateAutomation, Innovation, Real Estate

Home Automation Conveniences Attract Buyers

The rise in Millennial home buyers will inevitably change the items that promote faster and more lucrative home sales. Consider trends over the past decades that have included conveniences such as built-in dishwashers, central air, energy efficient appliances and many others. As mechanical and technological advances move into the mainstream, prospective home buyers seek them out and favor properties that come tech ready. While Millennial buyers have a vastly different world view than previous generations, Baby Boomers and Gen X homeowners are also enjoying the ease of technology. For many homeowners, automation equals convenience and improved quality of life. That's…