The average 30-year fixed-rate mortgage fell four basis points from the week prior to 2.98%, according to data released Thursday by Freddie Mac‘s PMMS. Within the past almost three months, mortgage rates have only peaked above 3% one time. “Economic growth remains steady
7 Dog-Centric Home Renovations You Won’t Regret When It’s Time to Sell
Whether you’re buying your first home or upgrading your current one, your dog deserves a home where it feels comfortable, loved, and cared for. And, if you have some extra space and want to do something special for your four-legged
Black Americans still face massive housing barriers
Black Americans continue to face greater financial and generational barriers to homeownership than white Americans, with a recent study finding that only 45.1% of Black Americans bought or own their home as of the first quarter of 2021 — against
Young Adults Who Saved Money During the Pandemic Likely to Put It Toward a Down Payment
Zillow survey finds more than one-quarter of Gen Zers and millennials say their housing decisions are impacted by social media influencers and celebrities Go to Source Author:
FHFA won’t give servicers break on CFPB rule
The Federal Housing Finance Agency (FHFA) is requiring Fannie Mae and Freddie Mac servicers to follow the Consumer Financial Protection Bureau’s (CFPB) new foreclosure rule a full month before it goes into effect. The move clarifies how servicers should approach
Are higher-risk homes cheaper?
The threat of natural hazard risk in United States is on the rise. According to the National Centers for Environmental Information, there were 22 weather and climate disasters in 2020 which cost over $1 billion. This is nearly 150% more
Housing inventory is about to get better — here’s why
With the July 4th weekend nearly upon us, it’s time to reflect all that we have been through in the past year and how, as a country, we have overcome so many daunting obstacles, including what we have been through
CFPB’s roadmap for the forbearance exit
The Consumer Financial Protection Bureau (CFPB) today released extensive mortgage servicing regulations it hopes will prevent “unwelcome surprises” for borrowers exiting forbearance. Across more than 200 pages, the CFPB laid out the rules for mortgage servicers to follow in the
Case-Shiller: April home price increase ‘truly extraordinary’
Home prices in April saw an annual gain of 14.6% in April — up from a 13.3% increase in March, per the latest S&P CoreLogic Case-Shiller National Home Price Index. Craig Lazzara, managing director and global head of index investment
House price increases still growing: FHFA
The Federal Housing Finance Agency (FHFA) found that house prices across the nation rose 16% from April 2020 to April 2021. From March to April, house prices across the nation rose 1.8%, surpassing the previous month’s 1.6% increase. Three regions
Inclusivity and Representation Matter
In October of 2020, David Walsh and Juan Sanchez set out to launch CENTURY 21 Bear Facts Realty in Denver, Colorado. They met over 20 years ago, while both in real estate. David and Juan are both passionate about the
Ginnie Mae unveils 40-year mortgage term for issuers
Ginnie Mae is set to introduce a new 40-year mortgage term for its issuers on the heels of administrative shake ups at the top of the housing industry. Only modified loans with terms greater than 361 months and less than
How to Protect Your Home From Flooding: 9 Tips to Follow
When the time comes to buy a home, you’ll likely look at every aspect of your new neighborhood, the home itself, and any climate hazards that might be common in the area. If you’re house hunting in a location where
Servicers’ forbearance share falls to 3.91% of portfolios
Servicers’ forbearance portfolio volume fell two basis points last week to 3.91%, according to a survey from the Mortgage Bankers Association. The MBA estimates two million homeowners are still in some form of a forbearance plan. Broken down by investor type, the share of
Should You Buy a House with Popcorn Ceilings?
There are many variables that homebuyers, especially first-time homebuyers, must consider when purchasing a home. Factors such as location, schools, finances, the style of the home, and yes, whether the house has popcorn ceilings. Popcorn ceilings shouldn’t be a deal-breaker,
Christian Siriano Brings High Fashion Home with New Furniture Line
Christian Siriano, star of Project Runway and a mainstay in the fashion world, is known for crafting textural and whimsical red carpet gowns for countless celebrities. Now, he’s translated his aesthetic into a modernist line of furniture for the home.
The appraisal industry’s hidden hand
After attending the eponymous university of pioneering televangelist Oral Roberts, David DeZarn decided that his life’s calling was to be a pastor. DeZarn became an ordained minister – “I married them and I buried them,” he said – and immersed
Nashville Real Estate Market Trends & Investment Outlook 2021
Nashville’s housing market remains one of the hottest markets in the US. Despite the pandemic-led economic slowdown, there is healthy demand to purchase homes in the Nashville real estate market. Across the nation, we have seen people moving from big
10 Backyard Additions to Create the Ultimate Home Oasis This Summer
Summer has officially arrived. That means warmer weather, backyard BBQs, time for gardening, and longer days spent relaxing outside. That’s why now is also the perfect time to remodel your backyard into a place you’ll never want to leave. There
How to Make the Most Money When Selling Your Home
What’s the number one thing buying and selling a house has in common? Getting the best price possible. Buying a home is one of the most significant financial investments you’ll make, so there’s no surprise why so much time is
Kensington Vanguard acquires Virginia title company
New York-based Kensington Vanguard National Land Services recently acquired Hometown Title and Escrow, a title company based in Virginia. Hometown Title and Escrow is led by industry veteran Sharon Keegan and serves both residential and commercial transactions in the Northern
Virtual Real Estate: The Next Big Boom
When the digital artwork “Everydays: The First 5000 Days” by American artist Beeple sold at Christie’s for $69 million earlier this year, it was clear that a major revolution was afoot. That revolution is the rise of virtual assets, or
Affordability and More Space Are Strong Draws for Canadian Home Shoppers, but Rising Prices and Low Inventories Remain Challenging
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Despite record low rates, 78% of homeowners passed up refinancing last year
New survey finds just a fifth of established homeowners refinanced over the last 12 months Go to Source Author: