Purchasers of new-home construction may have signed their contracts a year ago, when mortgage rates were considerably lower. Now, they’re facing significantly higher borrowing costs as they near closing. Continue reading….
Archive by Author
Biden Administration Takes Aim at America’s Housing Shortage
18
May
NAR has shown the shortfall at 5.5 million homes in the U.S. and has called for “urgent action.” Continue reading….
No-cost refinance: Two refi options with no closing costs
17
May
A no-cost refinance is possible if you roll the closing costs into your loan or have the lender cover them in exchange for a higher rate. Continue reading
Mortgage and refinance rates today, May 16, 2022
17
May
Today’s mortgage and refinance rates Average mortgage rates moved higher last Friday, bringing an excellent week for them to a disappointing end. Indeed, Mortgage News Daily reckons it was the […] Continue reading
Rising Rental Costs Squeeze College Grads
17
May
The median apartment rent has jumped more than 16%, and college grads are struggling to afford the rising costs. Continue reading….
The Most Popular Spaces to Remodel and Their Costs
17
May
Homeowners are increasing their home improvement budgets to enhance the following areas around a home. Continue reading….
Building Materials Press Even Higher
17
May
Material costs for building a new home are up 19% over a year ago, continuing to pressure builders’ and new-home buyers’ budgets. Continue reading….
Top 10 Places With Highest Share of ‘Equity Rich’ Homes
17
May
Find out where buyers are striking it big in real estate. Continue reading….
The Case for Wildfire Risk Ratings at Realtor.com®
17
May
Giving buyers a window into fire risk adds transparency and enables owners to plan with fire safety in mind. Continue reading….
Mortgage and refinance rates today, May 14, and rate forecast for next week
16
May
Today’s mortgage and refinance rates Average mortgage rates moved higher yesterday. But that doesn’t tell the story of the week. It was the best seven days for those rates in […] Continue reading
