Mortgage News - Page 22

Today's Federal Reserve (FOMC) meeting ended with a .25 percent increase in interest rates, surprising no one and having little impact on markets.

When it comes to saving for a down payment, Millennials are falling behind. In fact, according to a new study, nearly half of Millennial renters have zero down payment savings at all.

American homebuyers are flocking toward warmer climates. According to a new study, U.S. residents are increasingly leaving colder states, instead buying homes in places like Florida, Texas and California.

Homeowners have seen serious gains in equity this year. According to the latest data, the average owner saw their home equity jump 9.4 percent since 2018 — an aggregate increase of $775.2 billion across the nation.

It turns out Millennials aren’t as bad with money as most assume. In fact, according to a new report from Bank of America, the Millennial generation is actually just as good — if not better — at managing their money than past cohorts were.

Natural disasters are on the rise — and according to a new survey, homeowners are woefully underprepared. Few have flood insurance, most don’t have generators and even fewer have a safe room or shelter in case of emergency.

Home prices are still rising, but according to the latest data, they’ve hit their slowest growth rate since January 2017. Sixteen of the top 20 markets are also seeing slower price gains.

There’s yet another reason for home buyers to celebrate. According to new data, the number of sight unseen offers has dropped significantly — indicating less competition and easing inventory pains in many markets.

Millennial homebuyers are big on fixer-uppers. But what exactly are the projects they’re gravitating toward? According to a new report, closet overhauls, craft rooms and landscaping projects are among the tops.

It seems Americans are taking the country’s housing woes into their own hands. With construction down and inventory still low, new data shows homeowners are investing more in remodeling and building accessory dwelling units to make up for it.

It pays to have a great credit score — especially if you’re buying or refinancing a home. According to new data, buyers with premium credit scores save more than $30,000 over the life of their loan compared to those with scores on the lower end of the spectrum.

The Northeast is a great place for single, career-focused women, apparently. According to new data, all of the nation’s top three markets for single female homebuyers are in this region.

Despite a downturn in September, national rent prices have once again jumped, according to new data. More than half of the country’s biggest metros saw an increase in rents last month, with Orlando’s rents rising the most.

Single women have been a growing section of home buyers for the last few years. But just how much of today’s home sales do they account for and what kind of cash do they bring to the table? A new analysis reveals it all.

Struggling to save for a down payment? You might be in luck, According to new data, average down payment are decreasing across the country — particularly in the South.

It’s no secret that crippling student loan debt keeps many Millennials from buying a home. But according to new data, Millennials with student loan debt aren’t just less likely to own a home. When they do buy? They face more expensive mortgage loans and lower home values, too.

Buying a home in Cincinnati? Then make sure to shop around for your mortgage rate. According to a new analysis, it could save you nearly $24,000.

It’s no secret that rents are rising. But for residents in hot vacation spots? Rent prices are growing even more. In fact, in hotspots like Orlando rents jumped upwards of 6 percent over last year.

Atlanta, Dallas and Houston are some of the fastest-growing metros in the nation. And according to new data, they’re also some of the most affordable in terms of housing.