The Experts You Can Trust
There are two ways where you can buy foreclosed homes: first is through “auctioned on the courthouse steps,” and second, via buying from the bank. Auctioned on the Courthouse Steps Before a bank can repossess a house, the bank has to go through the auction process. In this auction process, the general public can …
For the first time in Freddie Mac’s Primary Mortgage Market Survey, the average 15-year fixed mortgage rate fell to a record low; while the 30-year fixed mortgage rate dropped to a new all-time record low for the fifth consecutive week. Based on Freddie Mac’s latest Primary Mortgage Market Survey which was released last May 31, …
15-Year Fixed Mortgage Rate Falls Below 3% for the First Time on Record Read More »
Existing-home sales in Maryland declined in April this year, while home prices rose, this according to the Maryland Association of Realtors (MAR). In April this year in Maryland, existing-home sales reached 4,546. This is down by 2.2% compared to the data in the same period last year with 4,649 existing-home sales. Existing-home sales are completed …
Maryland’s April Existing-Home Sales Decline, Home Prices Rise Read More »
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 »