Month: June 2024
Mortgage Rates Fall Below 7% for the First Time in Over a MonthMortgage Rates Fall Below 7% for the First Time in Over a Month
Mortgage rates fell below 7%, boosting the housing market. Housing stock increased by 35.5% compared to last year. New listings rose by 8.1%. Home prices slightly increased, and sales slowed [...]
#realestate #mortgage #loanofficer #buyincalifornia | Major Rate Hikes Expected for California FAIR Plan Policyholders#realestate #mortgage #loanofficer #buyincalifornia | Major Rate Hikes Expected for California FAIR Plan Policyholders
Rate Increase: – Significant rate hikes expected for FAIR Plan policyholders. Growing Policy Numbers: – FAIR Plan policies ↑ from 268K in 2021 to >350K in December 2023 due to [...]
5 States Where Homebuyers Could Save More Than $100K by Comparison Shopping for a Mortgage5 States Where Homebuyers Could Save More Than $100K by Comparison Shopping for a Mortgage
High mortgage rates are preventing many from buying homes. A LendingTree study found that borrowers could save an average of $76,410 over a 30-year loan by comparing rates from different [...]
#realestate #mortgage #loanofficer #buyincalifornia | California’s Soaring Mortgage Rates#realestate #mortgage #loanofficer #buyincalifornia | California’s Soaring Mortgage Rates
In Early-Q2, the 30-yr fixed mortgage rate reached 7.1%, up from 6.88%. Escalating mortgage rates are limiting the supply of homes for sale. [...]
More Homes Are on the Market Than a Year Ago, but Rising Mortgage Rates Remain a Hurdle for ManyMore Homes Are on the Market Than a Year Ago, but Rising Mortgage Rates Remain a Hurdle for Many
Mortgage rates have been rising, but home shoppers have more options with a higher number of listings compared to last year. The increase in inventory is positive for the market, [...]
Renting Is A Smart Financial Move To Avoid Becoming ‘House Poor’Renting Is A Smart Financial Move To Avoid Becoming ‘House Poor’
Renting is seen as a strategic choice to avoid becoming 'house poor' by stretching finances too thin. It allows time to save for homeownership without the added financial responsibilities. Criteria [...]