Mortgage News - Page 21

Last year was a good time to sell your home, apparently. According to new data, U.S. home sellers made record profits in 2018, clocking in with an average of $61,000 per sale.

Thanks to increasing inventory, slowing home value growth and last year’s jumps in mortgage rates, price cuts are becoming the norm when it comes to new construction. In fact, according to new data, 25 percent of new homes last quarter saw a price reduction.

Mortgage rates dropped 23 basis points in December and have hovered around 4.5 percent ever since — a number not seen since early last year. According to one expert, they might not be finished dropping either.

It no secret that the 800,000 furloughed federal workers affected by the nearly 40-day government shutdown are struggling. Fortunately, three industry players have stepped up to help.

Home price appreciation might be waning, but that doesn’t mean buying a house is easy — at least not everywhere. According to a new analysis, homebuying is still a competitive sport — particularly on the West Coast.

The best mortgage lender depends largely on what type of transaction you’re dealing with, as well as the size and type of your loan. But according to new rankings, you can’t go wrong with Quicken or New American. Both were named one of the best mortgage lenders for purchase loans this week by Nerdwallet.

What's happening with the government shutdown and mortgage closings? Find out how you will (or won't) be affected.

Homeowners are staying in their houses longer than ever. According to new data, the average homeownership tenure has jumped 10 percent in just the last year.

Know a Hannah, Austin, Alexis, Logan or Taylor? According to new data, they might just become homebuyers this year.

Home price growth is expected to slow this year, but in some places? There’s even a small chance that home prices might decline — especially in the West.

Government shutdown victims and others can find ourselves in impossible financial difficulties where we face a late mortgage payment. Here's what to do.

Mortgage rates have been falling since November, but the American consumer is just now noticing. A mini refi boom has started as homeowners are starting to notice low rates.

As a homeowner, DIYing some of your property repairs can mean serious savings. Apparently, it can also can also mean serious injury, too. According to a new analysis, even some of the most innocuous DIY repairs and tools can have painful, long-term repercussions for America’s homeowners.

Expect home price growth to slow even more as we head into 2019. According to a new forecast, prices will likely increase 4.8 percent by November 2019 — a dip from this year’s increase of 5.1 percent.

American renters spent a startling amount on housing this year. According to new data, they paid a whopping $504.4 billion in rent across 2018 — nearly $13 billion more than last year and three times the net worth of Amazon CEO Jeff Bezos.

Don’t have a lot of cash to put down? Then buy a home in Atlanta or Phoenix. According to new data, buyers in these two Southern cities make the smallest down payments in the nation.

Can you unlock a mortgage if interest rates fall before your closing day? How much commitment does locking a mortgage require from you and your lender?

Housing inventory finally seems to be turning around. According to the latest data, inventory has increased for three months running, with a 0.4 uptick in November alone.

Home price growth recently slowed to its lowest rate since January 2017 — but according to one expert, it doesn’t mean the market’s bottoming out. In fact, it may even indicate prime home buying conditions come spring.

Mortgage rates are still on the decline, despite a recent rate hike from the Federal Reserve. This dip is likely behind the most recent increase in existing home sales — the first such jump in more than six months, according to Freddie Mac.