What’s Ahead For Mortgage Rates This Week – June 28, 2021

June 28, 2021

Last week’s economic reports included readings on sales of new and previously-owned homes. Weekly readings on mortgage rates and jobless claims were also released.

New Home Sales Fall in May

New home sales dropped to their lowest reading in a year in May with 769,000 new single-family homes sold on a seasonally adjusted annual basis. May’s reading was 5.90 percent lower than April’s reading of 817,000 sales but was 9.20 percent higher year-over-year.

Read the full article →

Dealing with the Summer Heat? How to Keep Your Home Cool Without Using a Ton of Energy

June 25, 2021

Many people look forward to the long, relaxed, sunny days of summer, but they also dread opening up their energy bills throughout the summer months. Cooling a home can be costly, and many are searching for convenient ways to lower cooling costs without sacrificing on comfort inside the home on the warmest days of the year.

Read the full article →

What Are The Top Ways To Win A Bidding War?

June 24, 2021

Right now, there are not a lot of houses for sale, as inventory and new home construction continue to lag behind buyer demand. In addition, low mortgage rates are accelerating demand, meaning that there are a lot of situations where sellers are receiving multiple offers.

Read the full article →

Where Is The Housing Market Going Next?

June 23, 2021

There are many people wondering where the housing market is going next. While interest rates might be low, attracting a lot of buyers, there are some potential homeowners who are concerned about the current demand in the housing market.

Read the full article →

Is Now The Time To Move Into A Retirement Home?

June 22, 2021

There are thousands of people who turn 65 every day, which is the typical retirement age. Before the development of the pandemic, most people had to wait to retire before they could move to their retirement homes

Read the full article →

What’s Ahead For Mortgage Rates This Week – June 21, 2021

June 21, 2021

Last week’s economic news included readings from the National Association of Home Builders on housing markets and Commerce Department readings on housing starts and building permits issued. Weekly reports on mortgage rates and jobless claims were also published.

Read the full article →

FOMC Statement: Fed Predicts 2 Interest Rate Hikes in 2023

June 18, 2021

The Federal Open Market Committee of the Federal Reserve said in its post-meeting statement that the Federal Reserve expects to raise its benchmark interest rate range twice during 2023. No rate changes will be made during 2022 as the economy continues to recover from the Covid-19 pandemic. The Fed’s current interest rate range is 0.00 to 0.25 percent.

Read the full article →

Is an ARM Loan Right for You?

June 17, 2021

In today’s competitive housing industry, it’s important to find the loan that’s right for you. With the low-interest-rate environment, many buyers wonder if an ARM loan is the best choice. Here’s everything you should consider before choosing an A

Read the full article →

Deciding Whether To Move or Refinance: Which Is The Better Option?

June 16, 2021

There are a lot of people who are wondering if now is the right time to move or refinance their current home loan. With interest rates still favorable, a lot of homeowners have the potential to save a lot of money if they are able to secure a home loan with a lower interest rate. There are two ways homeowners can secure a home loan with a lower interest rate. The first is to refinance. The second is to move. Which option is better? There are a few key points to keep in mind.

Read the full article →

Do You Have Enough Of A Down Payment Saved Up?

June 15, 2021

If you are planning on purchasing a home in the near future, you need to make sure you have enough money saved up. While there are a lot of expenses that go along with purchasing a home, the biggest expense is the down payment.

Read the full article →

← Previous Entries

Next Entries →