U.S. long-term mortgage rates fell this past week for the third straight week, as the benchmark 30-year loan marked its lowest point in 36 months. Mortgage buyer Freddie Mac said Thursday the average rate for the 30-year fixed-rate mortgage declined to 3.45% from 3.51% last week. The key rate ... » Learn More about 30-year Mortgages Hit Lowest Point
Moving
Slowdown in the Home-Price Increase
In accordance with the Case-Shiller Home Price Index from S&P Dow Jones Indices and CoreLogic, October 2019 saw an annual increase of 3.3% for home prices throughout the country, which happens to be up from the previous month’s pace. Slowdown in the Home-Price ... » Learn More about Slowdown in the Home-Price Increase
Pending Home Sales Up
Pending home sales increased in November, rebounding from the prior month’s decline, in accordance with the National Association of Realtors® (NAR). The West region reported the largest growth in November, while the other three major U.S. regions saw only marginal variances in month-over-month ... » Learn More about Pending Home Sales Up
Rates on Mortgages Ease – 30-Year at 3.72%
U.S. long-term rates on mortgages declined slightly this week, remaining close to the historically low levels where they have hovered over the past 60 days. Rates on Mortgages Ease - 30-Year at 3.72% Mortgage buyer Freddie Mac said Thursday the average rate for a 30-year ... » Learn More about Rates on Mortgages Ease – 30-Year at 3.72%
Boomers Age -Plenty of Homes Coming
Builders have struggled to conquer land scarcity and rising labor costs and materials. However a flood of homes will come on the market during the next 20 years as baby boomers age - enough to affect local economies in traditional retirement areas. The boomer generation, once 76 million strong in ... » Learn More about Boomers Age -Plenty of Homes Coming