3 Reasons Why It Is Challenging For Renters To Buy A Home

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In: New Home Mortgage News

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First-time homeowners are experiencing severe macroeconomic headwinds as mortgage rates and fees rise, while higher rents make it harder to save for a down payment. Why it matters: Home ownership is the foundation for building wealth over the long termContinue Reading

New Homebuyers Are Spending Two Times the National Average on Remodeling

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In: Home Equity News

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With inflation at a 41-year high in May and rising interest rates and mortgages, buying a home has become more expensive for many Americans.  And now it seems that repairing one is even more expensive, especially for new home buyers,Continue Reading

Home Purchase Activity Has Increased Another Week

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In: New Home Mortgage News

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Mortgage application volume proceeded with its recuperation last week driven by a second solid expansion in buying activity.  The Mortgage Bankers Association said its Market Composite Index, a proportion of that volume, acquired an occasionally changed 2.0 percent and expandedContinue Reading

Challenges for Renters to Purchase New Home

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In: New Home Mortgage News

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Heaps of renters need to purchase a home. Loads of them can’t. The principal obstructions are monetary, says another report from Redfin, the tech-fueled land business.  About a third of renters say they’re not able to put something aside forContinue Reading

Mortgage Rate Today And Preparation For Home Buying

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In: New Home Mortgage News

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According to Bankrate.com today, the average rate on a 30-year fixed mortgage is 3.08% with an APR of 3.30% the rate went down 2 basis points since the same time last week from 3.10%. The 15-year fixed mortgage has anContinue Reading

Is This The Right Time To Buy A Home?

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In: Realtor News

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Americans are buying homes in spite of rising home prices, low supply, and near-constant bidding wars, in record numbers.  More homes were bought in 2020 than any year since 2006 says the data of the National Association of Realtors. IsContinue Reading

How Can Non-Conventional Loan Fulfill Your Home Buying Dream?

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In: New Home Mortgage News

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Last updated on November 21st, 2023 at 10:11 pmBefore assuming a mortgage is unaffordable, potential homebuyers need to educate themselves and find what can they qualify for, and then make the decision if a home is affordable or not.  ItContinue Reading

Will 2021 Be A Good Time To Buy A Home

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In: New Home Mortgage News, Realtor News

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Last updated on February 3rd, 2021 at 11:56 amThis year started with so many challenges all over the World, then the housing market has been plagued with low inventory, rising home prices, and endless bidding wars, making it hard forContinue Reading

Improve Your Finances Before Buying a Home

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In: New Home Mortgage News

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Last updated on February 3rd, 2021 at 11:48 amFinancial preparation and research are key before buying a house.  By fine-tuning your finances and looking at a home purchase as a lifelong investment, you can buy your new home with minimalContinue Reading

Reasons Millennials Could Buy Their First Homes

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In: New Home Mortgage News, Realtor News

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Last updated on February 3rd, 2021 at 10:48 amAccording to Realtor.com’s 2020 Housing Market Predictions, millennials will comprise the largest percentage of homebuyers this year.  The real estate market is booming for millennials only problem is, them preferring to rentContinue Reading