Mortgage Rate Articles

Mortgage Rates Drop Again; Existing-Home Sales and Prices Climb

Mortgage Rates Drop Again; Existing Home Sales And Prices Climb February 26, 2016 / in Blog / by Karla Murtaugh As we head into the busy spring home-selling season, homebuyers will be happy to know that mortgage rates are back on the decline.

Mortgage rates moved higher today following higher-than-expected job creation in a report from the Labor Department. The employment situation (aka "the jobs report") is the most important monthly.

Mortgage rates today, January 11, plus lock recommendations Current mortgage interest rates january 2019, a table of today’s mortgage interest rates, plus tips on how to get the best rate and a breakdown of the seven things lenders evaluate when determining rates. current fha home loan rates ~ fha mortgage rates, fha mortgage rates fha mortgage rates remain near historic lows nearly four out of 10.You Don’t Need A 20% Downpayment To Buy A Home First, we need to assess where you are in the home buying process as well as your experience with owning a home. Are you a first-time homebuyer? Are you currently renting an apartment and don’t have the means to save for a down payment? Do you already own a home and looking to move into a new one?

The benchmark 30-year fixed-rate mortgage saw a slight uptick this week to 3.95 percent from 3.94 percent, according to Bankrate’s weekly survey of large lenders. The big news is the rate tumbled.

Housing sales slumped 8.5% from one year ago, the lowest sales since 2015. Prices still rose another 2.8% to a median of $247,500 nationwide. The real story was the drop in lower priced homes as depicted in this graphic from NAR. With low mortgage rates, it’s believed sales will once again grow. 60,000 more homes were on the market.

Will change at Fannie Mae and Freddie Mac mean higher mortgage rates? – New Fannie Mae guidelines may make it easier for you to buy a. vice president of mortgage lending for Guaranteed Rate Mortgage in Santa Rosa, Calif.. People are graduating today with an unprecedented amount of. Will change at Fannie Mae and Freddie Mac mean higher.

With mortgage rates on the rise, sales of US existing homes dropped sharply last month to the lowest rate in three years, the National Association of Realtors said Friday. Home prices remained.

Rising mortgage rates in the New Year will likely keep sales in Southern California sluggish.. But by 2015, the housing market was back for good, the Great. But most forecasts say homes prices will rise in 2019, but those. In Orange County, existing house and condo sales are projected to decrease 4.7.

Redfin expects median home sale prices to rise 5.3 percent annually in 2017 compared to 5.5 percent this year and existing home sales to increase. and there is always a chance that rates could drop.

Existing home sales dropped. now waiting to see if rates start to make a move down,” said Brian Surgener, a senior vice president at BBMC Mortgage in Lombard, Illinois. “Americans are not saving.

NAR predicts that existing home prices will rise 2.5% in 2019, to a median of $265,200, compared with a 4.7% rise in 2018, to $258,700.. Forecasters expect mortgage rates to rise again in 2019.

The industry group said actual sales. mortgage rate expires," Gregory Klump, CREA’s chief economist, said in a statement. He said buyers who had bought a home before selling their existing home may.