Although much of the year has seen record-low mortage interest rates, recent increases could have a profound impact on potential homebuyers.
According to a recent REALTOR® Magazine report, the average rate for a 30-year fixed mortgage increased from 4.46 percent to 4.61 percent last week.
Many industry experts believe that homebuyers will begin purchasing more rapidly as interest rates increase in order to avoid higher payments in the future.
For more information on buying or selling a home, contact us today!
Source: REALTOR® Magazine | Full Article
Like this:
Be the first to like this post.
Categories: Average, Home Sales, Indiana, Market, Midwest, Mortgages, Nation
Tags: Experts, Homebuyer, Increase, Interest, Mortgage, Nation, Rates, Trends
October 2010
October’s edition of the “This Month in Real Estate” newsletter has been released. Topics covered in this edition include the housing market’s recovery from the first-time homebuyer tax credit, a comparison of home sales from 2009 to 2010, mortgage rate information, and much more.
Please click here to access the newsletter. Also, please click here for the This Month in Real Estate video for October.
Contact us if you have questions on buying or selling your home!
Like this:
Be the first to like this post.
Categories: Home Sales, Market, Mortgages, Nation, News, Ownership
Tags: Credit, Estate, First, Home Sales, Homebuyer, Interest, Market, Month, Mortgages, Newsletter, Rates, Real, Tax, This, Time
After decreasing by nearly 30 prcent in July, existing home sales bounced back in August. Although this recovery does not signal an end to the current housing recession, it remains a positive sign for the industry.
According to Lawrence Yun, chief economist for the National Association of REALTORS®, the steps to stabilization may take some time.
“Despite very attractive affordability conditions, a housing market recovery will likely be slow and gradual because of lingering economic uncertainty.”
- Lawrence Yun
Due to the market’s current pace, mortgage interest rates remain at all time lows. Take advantage by contacting us today!
Source: CNN Money | Full Article
Like this:
Be the first to like this post.
Doom and gloom has dominated news concerning the real estate market ever since the expiration of the $8,000 first-time homebuyer tax credit. But why is this the case? Home prices are low, mortgage rates are lower, and the market is primed for consumers to take advantage of home ownership.
On that note, Keller Williams has provided a free e-book for consumers outlining seven reasons why now is a great time to purchase a home, including the first 3, noted below:
- Homes have never been more affordable.
- Mortgage rates are at rock bottom and won’t stay there forever.
- Prices are trending up.
The final four reasons – as well as additional explanation of each – can be accessed by clicking here or on the image above.
When you are ready to begin the home search process, contact us!
Like this:
Be the first to like this post.
Categories: Home Sales, Ownership, Tips
Tags: Buying, Credit, Home, Interest, Market, Mortgage, Ownership, Rates, Reasons, Tax
According to Lending Tree’s Weekly Mortgage Rate Pulse, mortgage interest rates fell to new lows again this week. The report notes that interest rates were as low as 4.0 percent for a 30-year fixed mortgage and 3.5 percent for a 15-year fixed mortgage.
Below is Indiana’s data for mortgage rates collected over the past week.
| Lowest 30-Year Fixed Rate |
Avg. Loan-To-Value Ratio |
| 3.88% (4.01% APR) |
69% |
With interest rates still on the downward slope, now is a great time to buy or sell a home!
Source: RISMedia | Full Article
Like this:
Be the first to like this post.
Although much of the year has seen record-low mortage interest rates, recent increases could have a profound impact on potential homebuyers.
