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What Buyers Need To Know

Everything you should know about getting preapproved for a mortgage

Getting a mortgage preapproval can give you a big advantage in the home-buying process. This golden ticket involves some of the same steps as a mortgage application. You provide detailed information on an application about your income, debts and assets. The lender does a hard credit check. Soon, if you’re approved, you’ll receive a loan …

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Buyers Catch a Break as Mortgage Rates Fall Most Since 2008

 The 30-year average drops to 4.06%, lowest in more than a year  Decline is giving a boost to the slowing U.S. housing market U.S. mortgage rates fell by the most in more than a decade, giving homebuyers a crack at the lowest loan costs since early 2018. The slowing housing market could use the boost. …

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Fed Signals Rate Hikes May Be Over For 2019

The Federal Reserve is signaling that it may be done hiking interest rates this year, amid signs of economic slowing. The Federal Reserve’s Open Market Committee on Wednesday left its target rate unchanged at 2.25 percent to 2.5 percent. More than half the committee’s members signaled they don’t expect any additional rate increases this year. That’s a …

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Vast Majority Think 2019 First Quarter is Good Time to Buy Home, says Realtor® Survey

WASHINGTON (March 20, 2019) – New findings from a National Association of Realtors® survey show that more Americans believe that now is a good time to purchase a home. Consumer opinions about home buying bounced back in the first quarter of 2019, with 37 percent stating that they strongly believe now is a good time …

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Thousands of New Millionaires Are About to Eat San Francisco Alive

Uber, Lyft, Airbnb and Pinterest plan to go public. California’s newly minted rich will be hungry for parties, houses, boats, bikes — and ice sculptures. SAN FRANCISCO — Big wealth doesn’t come in monthly paychecks. It comes when a start-up goes public, transforming hypothetical money into extremely real money. This year — with Uber, Lyft, …

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Homeownership rate rises to four-year high as Millennials are finally buying homes

What so many in the housing industry have waited years for appears to be finally happening: Millennials are buying homes. How much things can change in just a few months. Back in September, after existing home sales fell to a three-year low, it appeared that many younger would-be buyers were turning to renting instead of buying. But things look …

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