Last year's mortgage market was dominated by refinances, with refis hitting the highest level in 17 years. This year is looking like it's going to be an entirely different story. A purchase story, that is.
Last year saw the highest volume of mortgage refinancing since 2003 thanks to historically low interest rates, but according to the federal government, millions of low-income families were not able to take advantage of those low rates. That could soon change. Read more about how Fannie Mae and Freddie Mac are Unveiling a New Refinance Program for Low-Income Families.
Getting approved for a home loan might seem like a daunting task, but there are things you can do to help get your loan approved.
Thanks to a lack of supply and an abundance of demand, house prices have never been higher than they are right now. Here are the full details.
One thing is clear: the housing market desperately needs more houses on the market right now. Luckily, it looks like help is on the way in the form of newly built homes.
New homes continue to be a very popular option among prospective home buyers, assuming they can find a new home to buy, of course. According to a new report, mortgage applications for new home purchases increased in March, continuing a trend that stretches back into late last year.
Now that we're more than three months into 2021, we're starting to get a relatively clear picture of what's going on in the housing market. The overarching themes so far: low inventory, slowing home sales, and rising prices. But what about what's going to happen for the rest of the year?
For well over a year, the mortgage market has been dominated by refinances, a function of interest rates hitting lows that were previously unheard of and staying that way for most of 2020. But it looks like those days may soon be in the rearview mirror. Is it Officially a Purchase Market Now?
In a time when nearly two-thirds of home buyers made an offer on a home without ever seeing it in person, a new survey shows that home staging has perhaps never been more important.
If there's been one constant theme in housing over the last several months, it's been how the lack of available inventory is impacting the market. Unfortunately, there doesn't appear to be a light at the end of the inventory tunnel right now.
Smart Moves Start Here.