Posts discussing Home Affordability

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22Nov2011
Author
Dan Green
Filed Under
Real Estate Sales
U.S. Home Affordability : See Where Your Hometown Ranks Thumbnail

U.S. Home Affordability : See Where Your Hometown Ranks

As mortgage rates drop for conventional, FHA, jumbo and USDA loans, U.S. homes are more affordable than ever. See where your hometown ranks out of 225 cities.

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14Nov2011
Author
Dan Green
Filed Under
Mortgage Strategy
Mortgage Interest Costs Drop 21%; Refinance Without Having To “Start Over” For 30 Years Thumbnail

Mortgage Interest Costs Drop 21%; Refinance Without Having To “Start Over” For 30 Years

Today's refinancing homeowners can lower long-term mortgage costs by one-fifth -- enough to pay for a college education, in some cases.

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19Sep2011
Author
Dan Green
Filed Under
Mortgage Rates
Chart : Your Home Purchasing Power Soars On Low Mortgage Rates Thumbnail

Chart : Your Home Purchasing Power Soars On Low Mortgage Rates

In 2011 -- for the same monthly payment -- you can borrow 77% more than you could in 1991. Buying a home is a relative bargain right now.

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07Sep2011
Author
Dan Green
Filed Under
Real Estate Sales
Data : Where You’ll Find The “Most Affordable Homes” Thumbnail

Data : Where You’ll Find The “Most Affordable Homes”

More homes are affordable to more home buyers than at any time in history. For all loan types -- conventional, FHA, jumbo and USDA -- payments are very low.

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22Aug2011
Author
Dan Green
Filed Under
Mortgage Strategy
Refinance Your Mortgage Without “Starting Over” At 30 Years Thumbnail

Refinance Your Mortgage Without “Starting Over” At 30 Years

You'll pay 18% less mortgage interest at today's mortgage rates as compared to April. No matter when you bought your home, it's time to call a lender.

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08Jul2011
Author
Dan Green
Filed Under
Things That Change Mortgage Rates
Mortgage Rates Dropping On Weak, Weak, Weak June Jobs Data Thumbnail

Mortgage Rates Dropping On Weak, Weak, Weak June Jobs Data

There's a silver lining in the poor June jobs report. Mortgage rates are sinking. It's a good day to shop-and-lock.

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13Apr2011
Author
Dan Green
Filed Under
Mortgage Strategy
Mortgage Rates Pummel Home Affordability. Costs up 9% In 6 Months. Thumbnail

Mortgage Rates Pummel Home Affordability. Costs up 9% In 6 Months.

Today's blog content is posted at Keith Gumbinger's HSH.com. HSH is a regular gig for me; an opportunity to write for a second, mortgage-hungry audience. This week's article is titled "Mortgage rates matter more than home prices"

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22Feb2011
Author
Dan Green
Filed Under
Real Estate Sales
Data Says: Home Affordability Has Peaked; Real Estate Getting Expensive Again Thumbnail

Data Says: Home Affordability Has Peaked; Real Estate Getting Expensive Again

Home affordability is under attack. Mortgage rates are at a 10-month high and loan costs are rising. If your plans call for buying a home in mid-to-late 2011, consider moving up your time frame.

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09Dec2010
Author
Dan Green
Filed Under
Real Estate Sales
Home Affordability Results For All 225 Metro Areas : Q3 2010 Thumbnail

Home Affordability Results For All 225 Metro Areas : Q3 2010

Jobs growth is happening, manufacturing output is increasing, and Wall Street is going bullish. You would expect homeowner costs to float higher, too. But, so far, however, mortgage rates and home prices have failed to keep pace. It's great news for home buyers, but the window is closing quickly.

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08Oct2010
Author
Dan Green
Filed Under
Things That Change Mortgage Rates
Mortgage Rates Improving On September Jobs Report Thumbnail

Mortgage Rates Improving On September Jobs Report

According to the government, 95,000 jobs were lost in September. Economists expected a net loss of 5,000. Mortgage rates are improving as a result of "the miss".

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27Aug2010
Author
Dan Green
Filed Under
Real Estate Sales
Home Affordability Rankings For All 225 Metro Areas, Including Ohio (Q2 2010) Thumbnail

Home Affordability Rankings For All 225 Metro Areas, Including Ohio (Q2 2010)

With home prices in gentle recovery and mortgage rates continuing to fall, home affordability is cresting. See where all 225 metro areas rank.

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30Jul2010
Author
Dan Green
Filed Under
Mortgage Rates
Make Back The Cost Of Your Refinance More Than 16 Times Over Thumbnail

Make Back The Cost Of Your Refinance More Than 16 Times Over

It's a Refi Boom. The biggest one we've seen in a while. Homeowners are *finally* pulling the trigger on new mortgages, lowering their monthly payments by staggering dollar figures.

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14Jul2010
Author
Dan Green
Filed Under
Real Estate Sales
With Home Values Rising, We Can See Where The Bottom Was Thumbnail

With Home Values Rising, We Can See Where The Bottom Was

The market's bottom has passed and sellers are regaining their leverage in negotiations. It's an excellent time to get off the fence and make that offer.

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07Jul2010
Author
Dan Green
Filed Under
Things That Change Mortgage Rates
Mortgage Rates Are Lower After June’s Jobs Report (But Shouldn’t Be) Thumbnail

Mortgage Rates Are Lower After June’s Jobs Report (But Shouldn’t Be)

No matter what you think about your mortgage qualifications -- too little equity, too little income, too big of a loan size -- take 5 minutes out of your day to call your loan officer. Find out whether you qualify for a mortgage at today's rates. Sure, rates may fall lower, but, then again, they might not.

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21May2010
Author
Dan Green
Filed Under
Real Estate Sales
Low Mortgage Rates + Inexpensive Homes = Extremely Affordable Housing Thumbnail

Low Mortgage Rates + Inexpensive Homes = Extremely Affordable Housing

Look around. Home prices are still low (all things relative) and mortgage rates are ridiculous. It’s no surprise that home affordability is high right now. REALLY high.

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