September 23, 2020, 2:08 pm By David Stevens Published in Housingwire Let me be contrarian: Get ready, because mortgage rates are going to rise in 2021. Now before you respond, just read the rest as to why. The Mortgage Bankers Association in its most recent forecast sees two things that stand out. First, 2020 will prove itself to be the second […]
The rate is 2.9% this week, up from last week’s 2.87%, Freddie Mac says September 24, 2020, 10:00 am By Kathleen Howley The average U.S. mortgage rate for a 30-year fixed loan is 2.9% this week, up from 2.87% last week, Freddie Mac said in a report on Thursday. It’s the ninth consecutive week the rate has been below 3%. The […]
Is the market frenzy coming to an end? According to Zillow’s Weekly Market Report for the week ending Sept. 26, “tapering pending sales and minimal recent growth in list prices point to an overdue seasonal market slowdown.” According to the report, pending listings were up 22.2 percent year-over-year for the week, but have fallen 4.6 percent month-over0month […]
By RISMedia Staff It’s more of the same, according to realtor.com®’s Weekly Housing Report for the week ending Sept. 19. Home prices continue rising and inventory continues to pose a challenge in today’s markets. Some areas are, however, on the rebound after wildfires and hurricanes impacted the real estate markets. The latest on home prices? They’ve […]
When considering what to upgrade before you sell your home, it’s just as important to think through your home’s mechanical systems as it is your home’s aesthetic elements. After all, aesthetic elements are often easier and less expensive to change than mechanical systems. One of your home’s most important mechanical systems is your HVAC system. […]
September is typically the sweet spot for buyers: the summer frenzy is slowing down and competition isn’t as fierce. This year, however, things were different. According to realtor.com®’s September Monthly Housing Trends Report, this fall, homebuyers are typically paying roughly $20,000 more for a home, facing 25 percent more competition than at the start of the […]
(TNS)—With some gyms closed and a number of people working from home, the COVID-19 pandemic has made it more difficult for many people to get in their daily workout. Sedentary behavior, including sitting for long periods of time, can contribute to adverse health effects, including something referred to as “sitting disease.” In this Mayo Clinic […]
Now that the summer heat is slowly dissipating, it’s time to start prepping your air conditioner for the cooler fall temperatures. Depending on where you live in the U.S., you might not expect to use your AC unit much this fall, and you might not use it at all during the winter. Related: Essential Maintenance to […]
Let me preface this report by saying that due to the shortage of homes in the area and in certain price ranges, newly listed homes are under contract in less than 12 hours. Sometimes the seller will ask for multiple offers in a “best and final” contract solicitation. In order to be prepared for such an event, […]
Record lows: The average 30-year fixed rate is 2.86% this week, and the 15-year is 2.37%, Freddie Mac says Average mortgage rates for 30-year and 15-year mortgages fell to all-time lows this week, Freddie Mac said in a report on Thursday. The 30-year average is 2.86%, breaking the prior low of 2.88% set in the first week of August, […]