Drop in Mortgage Rates to Drive Higher Buyer Demand

  November 22, 2019 Mortgage rates declined this week, with the 30-year fixed-rate mortgage averaging 3.66%, Freddie Mac reports. After several weeks of increases, the drop in mortgage rates is a welcome sign for home buyers. “The housing market continues to steadily gain momentum with rising homebuyer demand and increased construction due to the strong job

Strong Economy Boosts Home Sales; Upward Trend to Hold

November 21, 2019 Low mortgage rates and a strengthening economy propelled home sales in October, the National Association of REALTORS® reported Thursday. Total existing-home sales, which include completed transactions of single-family homes, townhomes, condos, and co-ops, rose 1.9% month over month to a seasonally adjusted annual rate of 5.46 million, NAR’s latest existing-home sales report

Mortgage Rates Rise Again as Recession Fears Recede

  November 15, 2019 © REALTOR® Magazine Mortgage rates climbed again this week, and economists say the trend may well continue as the economy sees some improvement. The 30-year fixed-rate mortgage averaged 3.75% this week, Freddie Mac reports. “The modest uptick in mortgage rates over the last two months reflects declining recession fears and a

Economists at NAR Say a 2020 Recession Is Unlikely

Kanok Sulaiman / Getty Images November 11, 2019 From Florida Realtors Some people think the U.S. is “due for a recession,” yet NAR’s Yun says conditions are better than ones preceding any earlier recession. But there’s still some risk. SAN FRANCISCO – Consumer confidence, the employment market and housing innovation were heavily discussed topics at

Taking the Fear Out of the Mortgage Process

  A considerable number of potential buyers shy away from the real estate market because they’re uncertain about the buying process – particularly when it comes to qualifying for a mortgage. For many, the mortgage process can be scary, but it doesn’t have to be!  In order to qualify in today’s market, you’ll need a down

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