• Mortgage Rates Drop to 3-Year Lows - Mortgage Rates Drop to 3-Year Lows The 30-year fixed-rate mortgage averaged 3.57 percent in the most recent week, the lowest average in three years, Freddie Mac reports in its weekly mortgage market survey. “Disappointing April employment data once again kept a lid on Treasury yields, which have struggled to stay above 1.8 percent since late [...]
  • 5 Ways to Trim Utility Costs This Summer - 5 Ways to Trim Utility Costs This Summer As temperatures warm up, utility bills can increase. HomeSelfe offers some of the following tips to help home owners save on utility bills this summer: 1. Apply a window film. If you don’t want to install drapes or blinds to cover your windows, consider a window film. [...]
  • 5 Top Motivations for Selling - 5 Top Motivations for Selling Inventories of homes are tight nationwide. So what’s going to get home owners to finally sell? In a recent survey, realtor.com® researchers found some of the top motivations to sell: 1. Want to be in a different neighborhood (40%) 2. Need a home with different features (28%) 3. Need a [...]
  • The Best Pet-Friendly Houseplants - The Best Pet-Friendly Houseplants Chances are good that you have prospects and clients who have pets — ownership estimates for the U.S. range from 30 percent to more than 65 percent, depending on the source. Many pet owners are wary of houseplants, not knowing which can be toxic to their four-legged friends; pass along these [...]
  • Existing-Home Sales Up, Despite Challenges - Existing-Home Sales Up, Despite Challenges Existing-home sales continue to be on the upswing, despite ongoing inventory shortages and escalating home prices, the National Association of REALTORS® reported Friday. Sales increases in the Midwest and Northeast regions helped to offset declines in the South and West last month. Regional Snapshot The following is a closer look [...]
  • Average Time to Close: 44 Days - Average Time to Close: 44 Days For the second consecutive month, the average time to close all loans stayed at 44 days, suggesting that new mortgage rules that took effect last fall are having less of an impact on delaying loans, according to Ellie Mae’s latest Origination Insight Report. Here’s a breakdown of averages from [...]
  • What Has Home Sellers Spooked? - What Has Home Sellers Spooked? Inventory continues to be tight in many markets. So what has potential home sellers pulling back when buyer demand is reportedly so high? A recent article at CNBC suggests seller anxiety may be at the root. “Trade-up buyers seem to be losing their mojo heading into the heart of the [...]
  • The Buyers Are Coming - Mortgage rates may have inched up slightly but that didn’t seem to deter home buyers from shopping for a loan last week. Mortgage application volume rose 2.3 percent week-over-week on a seasonally adjusted basis, driven by an uptick in home purchase applications, the Mortgage Bankers Association reports. Mortgage applications are nearly 24 percent higher than [...]
  • New-Home Sales Surge to Post-Recession High - New-Home Sales Surge to Post-Recession High Sales of new single-family homes climbed 16.6 percent in April, reaching the highest sales pace since January 2008, the Commerce Department reported this week. Newly built, single-family homes rose to a seasonally adjusted annual rate of 619,000 units in April. “Builders remain optimistic about the housing market, and this [...]
  • Builders: Lot Shortages at Record Highs - Builders: Lot Shortages at Record Highs Shortages of buildable lots reached a new record low in May, according to a survey of homebuilders within the National Association of Home Builders/Wells Fargo Housing Market Index. Sixty-four percent of builders reported that the supply of lots in their markets was “low” or “very low,” marking the highest percentage [...]

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