Tell first-time homebuyers these 3 things to get them off the fence

Working with first-time buyers has never been easy, and this year was particularly tough for real estate agents hoping to help clients buy their first home …

Tell first-time homebuyers these 3 things to get them off the fence

Working with first-time buyers has never been easy, and this year was particularly tough for real estate agents hoping to help clients buy their first home …

Fed Raises Rate for Third Time This Year

The Federal Reserve acted as expected on Wednesday, increasing the key interest rate one-quarter percentage point for the third time this year. The action concludes a hastened 12 months for the policymaker, which raised the rate in March and June, as well as once in 2016 and once in 2015. It forecasts three rate raises […]

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Mortgage Rates Inch Lower

Mortgage rates moved lower this week, with the 30-year, fixed rate averaging 3.90 percent, a decrease from 3.92 percent the week prior, according to Freddie Mac’s recently released Primary Mortgage Market Survey® (PMMS®). The 15-year, fixed rate averaged 3.30 percent, down from 3.32 percent the week prior, while the five-year, Treasury-indexed hybrid adjustable rate averaged […]

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Fed Decision: Mortgage Rates Unmoved

The Federal Reserve’s recent decision to not raise the key interest rate left mortgage rates unmoved this week, with the 30-year, fixed rate averaging 3.83 percent this week, the same as the week prior, according to Freddie Mac’s recently released Primary Mortgage Market Survey® (PMMS®). The 15-year, fixed rate averaged 3.13 percent, also the same […]

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Study: How Have Borrowers Made Out Since the December Rate Hike?

Borrowers on the whole were able to accommodate the interest rate hike initiated by the Federal Reserve in December, with most successfully continuing to manage their monthly payments after the rate went up, according to a recent analysis by credit reporting agency TransUnion. Of the 63 million borrowers assessed in the analysis—borrowers whose monthly payments […]

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Brand Report: Confidence in Real Estate Market Rises

Optimism toward the economy and real estate market is growing across all generations of current and prospective homeowners, but rising interest rates continue to be a concern among prospective homeowners, especially millennials, according to Berkshire Hathaway HomeServices’ latest Homeowner Sentiment Survey. Overall, 62 percent of prospective homeowners and 61 percent of current homeowners say they […]

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NAR Midyear Forecast: Existing-Home Sales Poised to Climb 3.5 Percent in 2017

The multi-year stretch of robust job gains along with improving household confidence are expected to guide existing-home sales to a decade high in 2017, but supply and affordability headwinds and modest economic growth are holding back sales and threatening to keep the nation’s low homeownership rate subdued. That’s according to speakers at a residential real […]

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Regional Spotlight: Mid-Atlantic Awash With Activity

Regional Spotlight—The Mid-Atlantic region is awash with real estate activity this spring, with real estate practitioners in the area expecting a busier season overall, according to a recently released survey. “After a solid 2016, the Mid-Atlantic real estate market is poised for continued growth in 2017,” says Tom Phillips, president and CEO of Bright MLS, […]

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Mortgage Rates Back Under 4 Percent for First Time Since Election

Mortgage rates moved back under 4 percent for the first time since the presidential election, according to Freddie Mac’s recently released Primary Mortgage Market Survey® (PMMS®). The average 15-year and 30-year fixed mortgage rates both toppled 11 basis points, with the 15-year at 3.23 percent and the 30-year at 3.97 percent. The average 5-year, Treasury-indexed […]

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