Fed: Rates Increased for Second Time This Year

As predicted by all officials, the Fed raised rates for the second time in 2018—from 1.75 percent to 2 percent. The remainder of 2018 and 2019 may see more gradual hikes, with analysts predicting two more increases by year’s end in order to curb future inflation concerns following reports of a strong labor market and […]

The post Fed: Rates Increased for Second Time This Year appeared first on RISMedia.

Economy Expands in May—Where Does Housing Stand?

The economy in May remained on a soaring streak, with a lift in jobs and the lowest unemployment in years. The expansion is a help for the housing market, but is it enough to relieve supply woes? According to Lawrence Yun, chief economist of the National Association of REALTORS® (NAR), there is an imbalance between […]

The post Economy Expands in May—Where Does Housing Stand? appeared first on RISMedia.

With Global Goings-On, Mortgage Rates Withdraw

After hitting a record not seen since 2011, the average 30-year, fixed mortgage rate this week withdrew, down to 4.56 percent, according to Freddie Mac’s recently released Primary Mortgage Market Survey® (PMMS®). The average 15-year, fixed mortgage and average five-year, Treasury-indexed hybrid adjustable rates slipped, as well, down to 4.06 percent and 3.80 percent, respectively. […]

The post With Global Goings-On, Mortgage Rates Withdraw appeared first on RISMedia.

With Global Goings-On, Mortgage Rates Withdraw

After hitting a record not seen since 2011, the average 30-year, fixed mortgage rate this week withdrew, down to 4.56 percent, according to Freddie Mac’s recently released Primary Mortgage Market Survey® (PMMS®). The average 15-year, fixed mortgage and average five-year, Treasury-indexed hybrid adjustable rates slipped, as well, down to 4.06 percent and 3.80 percent, respectively. […]

The post With Global Goings-On, Mortgage Rates Withdraw appeared first on RISMedia.

For Buyers, Credit Matters—but How Much?

Borrowers not as creditworthy as others often have higher mortgage payments; in fact, according to an analysis recently released by Zillow, the average borrower categorized with credit as “fair” can be on the hook for $21,000 more than a borrower with an “excellent” score. Here’s how: Borrower A has a credit score that’s stellar (“excellent”), […]

The post For Buyers, Credit Matters—but How Much? appeared first on RISMedia.

How partnering with a lender can increase your business

For many potential homebuyers, particularly millennials and first-time buyers, recent trends in the real estate market make financing a home seem daunting at best and impossible at worst.

Confidence in Housing as an Investment Rises

With appreciation climbing and equity growing, homeownership is the investment to make—and according to new research, Americans believe it is a solid vehicle for wealth. Sixty-five percent of respondents to a survey by the Federal Reserve Bank of New York believe buying a home is a “somewhat good” or “very good” investment; less than 11 […]

The post Confidence in Housing as an Investment Rises appeared first on RISMedia.

After a Rising Streak, Mortgage Rates Slow

After an April run-up, mortgage rates have slowed, with the average 30-year, fixed rate at 4.55 percent this week, down from 4.58 percent the prior week, according to Freddie Mac’s recently released Primary Mortgage Market Survey® (PMMS®). The average 15-year, fixed rate, however, was at 4.03 percent, up from 4.02 percent the prior week—but the […]

The post After a Rising Streak, Mortgage Rates Slow appeared first on RISMedia.

Mortgage Rates Spike

The average 30-year, fixed mortgage rate spiked this week, to 4.58 percent—a high not hit in four years, according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS®). The average was 4.47 percent the prior week. The average 15-year, fixed rate, at the same time, was 4.02 percent, while the five-year, Treasury-indexed hybrid adjustable rate was […]

The post Mortgage Rates Spike appeared first on RISMedia.

Millennials Prep for Price, Rate Rises

Mortgage rates are rising—and millennials are noticing. Ninety-two percent of home-buying millennials in a realtor.com® survey believe higher interest rates will have an impact on their purchase, including a change in desired location, price range and/or square footage. Other generations are not feeling the impact as significantly. Why? Millennials carry debt and have down payments […]

The post Millennials Prep for Price, Rate Rises appeared first on RISMedia.