The Experts You Can Trust
Thirty-one percent or close to 16 million homeowners in the U.S. were underwater on their mortgage during the first three months of this year, this according to Zillow. Zillow reported that the typical U.S. mortgage borrowers owe $75,644 more or 44.5% more on what their house is worth. Despite the fact that one third of …
One Third of U.S. Mortgage Borrowers still Underwater Read More »
Home buying got even more affordable this week as the 30-year fixed-rate mortgage set a record low for the fourth week in a row. In its latest Primary Mortgage Market Survey, Freddie Mac reported that the 30-year fixed-rate mortgage dropped to 3.78% last May 24, a slight drop from last week’s averaged of 3.79%. The …
30-Year Mortgage Rate Sets a Record Low for 4th Week in a Row Read More »
“If your finances can support it, now appears to be a great time to buy,” this according to Time Moneyland. “For Americans who either have cash to buy or a credit score good enough to obtain a mortgage, there’s still time to get a killer deal on real estate …,” Martha White of Time Moneyland …
The housing affordability on a national scale in the U.S. hit a new record high in the first three months of 2012, this according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI). The recent Housing Opportunity Index shows that 77.5% of all existing and new homes that were sold in the …
U.S. Housing Affordability Hits a New Record High Read More »
The Wall Street Journal posted this question: Should first-time home buyers consider jumping into the market? Eric Lascelles, chief economist at money-management firm RBC Global Asset Management Inc., told the Wall Street Journal that now is the best time to become a first-time home buyer. Lascelles said that while the housing market, in general, is …
Is Today the Right Moment to Become a First-Time Home Buyer? Read More »