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‘Good news’ for the spring homebuying season as mortgage rates melt, but economists warn ‘finding a deal remains an elusive quest’

‘Good news’ for the spring homebuying season as mortgage rates melt, but economists warn ‘finding a deal remains an elusive quest’

by Third Party | Jan 30, 2023 | Mortgage Information, Real Estate News

Source: Yahoo! —  Mortgage rates have tumbled to their lowest level since mid-September, drawing eager homebuyers out of their winter retreats. “Home purchase demand is thawing from the months-long freeze that gripped the housing market,” says Sam Khater, chief...
What’s Next For UK Mortgage Rates?

What’s Next For UK Mortgage Rates?

by Third Party | Jan 29, 2023 | International Real Estate News, Mortgage Information

Source: Forbes Advisor —  The Bank of England raised interest rates on 15 December from 3.0% to 3.5%. The 0.5 percentage point increase marked the ninth rise since December 2021 when Bank rate stood at just 0.1%. It put the Bank rate at its highest level since...
Can You Afford a House Right Now?

Can You Afford a House Right Now?

by Third Party | Jan 28, 2023 | Mortgage Information, Real Estate Agent Tools

Source: US News —  The Covid-19 pandemic helped spur one of the biggest housing boom cycles in history. In 2020, the Federal Reserve slashed interest rates to zero, dropping mortgage rates into the 2% range. Artificially low numbers coupled with the new remote...
How do real estate agent commissions work?

How do real estate agent commissions work?

by Third Party | Jan 28, 2023 | Mortgage Information, Real Estate Agent Tools

Source: Yahoo! Finance —  In this do-it-yourself digital age, home sellers and buyers alike might well wonder if they need Realtors — or, more precisely, to pay Realtor fees. Just how crucial are these agents to a successful real estate transaction? Well, a good...
When will US home prices finally stop dropping?

When will US home prices finally stop dropping?

by Third Party | Jan 28, 2023 | Mortgage Information, Real Estate News

Source: Fox Business —  The end may finally be in sight for a prolonged slump in the U.S. housing market, according to Goldman Sachs strategists. Analysts at the Wall Street bank said in a note this week that falling mortgage rates are likely to stop the...
Latest mortgage news: Rates dip again, creating opportunity for homebuyers

Latest mortgage news: Rates dip again, creating opportunity for homebuyers

by Third Party | Jan 27, 2023 | Mortgage Information, News/Current Events

Source: Yahoo! Finance —  Mortgage rates continue to retreat. The average rate on 30-year mortgages ticked down to 6.42 percent this week from 6.43 percent the previous week, according to Bankrate’s national survey of large lenders. “Mortgage rates declined for...
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