The Experts You Can Trust
For third straight week, the average U.S. rates on 30-year fixed mortgage and 15-year fixed mortgage have continued to rise, this according to the latest report of Freddie Mac. As of August 16, according to Freddie Mac, the 30-year fixed-rate mortgage was 3.62%, an increase from last week’s average of 3.59%. However, this latest 30-year …
Mortgage Rates Continue to Rise for 3rd Straight Week Read More »
The recent National Delinquency Survey of the Mortgage Bankers Association’s (MBA) reveals that among the U.S. states, the rate of new foreclosure fillings in Maryland was the highest in the nation during the second quarter of 2012. Out of 1,000 home loans in Maryland, nearly 20 – double the national average – were drawn into …
New Foreclosure Filings in Maryland Highest in the U.S. during 2nd Quarter 2012 Read More »
Bankrate.com reports that the national average for mortgage closing cost in June this year dropped to 7.4% over the past year. Bankrate surveyed up to 10 mortgage servicers or lenders in each of the U.S. states for the good faith mortgage closing cost estimates for a $200,000 mortgage to buy a single-family home with a …
Mortgage Closing Costs Drop 7% — Bankrate Reports Read More »
The answer to this question is not as simple as looking at the monthly rents and comparing them to mortgage payments. According to Zillow Chief Economist Stan Humphries, other than looking at the monthly rents and mortgage payments, the following factors have to be considered before deciding whether to buy or to rent: time horizon …
According to Zillow‘s second quarter Real Estate Market Report, home values in the U.S. have reached a bottom. The Zillow report shows that U.S. home values increased by 0.2% year-over-year to $149,300, the first time since 2007 that this happened – five years after the U.S. housing bubble burst. Home values have also increased for …