According to CNBC, mortgage applications have risen as interest rates have eased off.
Thanks in part to income increases and lower mortgage rates, it’s more affordable to be a homeowner in most markets nationwide, according to an article on NationalMortgageNews.com.
Although we typically view summer as the hot time to buy and sell houses, last week CNBC reported that homebuyers were jumping back into the homebuying game as mortgage applications rose.
As summer fades and the color of leaves begin to change, the fall real estate market can begin to look different too. Laura Agadoni via Trulia’s blog explores aspects of the fall market after Labor Day and what it might have in store.
Fannie Mae’s “Home Purchase Sentiment Index” revealed an all-time high in consumer’s confidence in the housing market, according to housingwire.com.
Mortgage News Daily reports that first-time home buyers increased in June by a “modest percentage”, according to the National Association of Realtors.
Lacking confidence in the housing market? According to Business Insider’s coverage of the latest Beige Book, the Federal Reserve was positive about the US economy and noted the housing market continued to improve.
It’s been blasted across the news, airwaves, and through social media, and we now know that the Brexit has resulted in record low rates for thirty-year mortgages – but what does it really mean?
Some housing market economists are calling the current market ideal for those looking to sell their house and buy another one.
Seasonality plays an important role in home buying. If you’re new to the home buying game, you may not know about this underappreciated trend in the mortgage industry.