Real Estate Today

Articles

Economic Commentary

The Heat of the Summer

By the middle of July, we are definitely in the midst of the heat of the summer. And many times, when the temperature rises, so does the heat of the markets. But not all markets are equal in this regard. For example, this summer the real estate markets are heating up because of lower interest rates. This is especially true of the refinance market. In addition, the stock market has moved into record territory...

- July 2019

Real Estate News

Rates on home loans have been on a roller coaster for the last year, but now they're sitting at the bottom of the track, giving a major boost to the number of borrowers who can benefit from a refinance. The average rate on the 30-year fixed hit a three-year low in late June, according to Freddie Mac. That means 8.2 million borrowers could refinance and lower their interest rates by at least 75 basis points, estimates Black Knight, a mortgage software an analytics company...

- July 2019

Past Articles

Economic Commentary

A few weeks ago, we had a one-day precipitous drop in the stock market which was blamed on the appearance of an inverted yield curve, which for some analysts signals that a recession can be on the horizon...

- April 2019

Weekly Interest Rate Overview

Rates held steady after the precipitous drop the week before. For the week ending April 4, Freddie Mac announced that 30-year fixed rates rose slightly to 4.08% from 4.06% the previous week...

- April 2019

Real Estate

Buying a home is likely to get more is likely to get more affordable this spring as declining prices and interest rates give 6.0 percent more purchasing power while keeping monthly payments the same or a decrease of $62 per month in principal...

- March 2019

Weekly Interest Rate Overview

The downward trend in rates was interrupted last week. For the week ending March 7th, Freedie Mac announced that 30-year fixed rates rose to 4.41% from 4.35% the week before. The average for 15-year loans rose to 3.83% and the average...

- March 2019