2016 was a stellar year for buyers, witnessing mortgage rates below 3.75% all summer on the average 30-year fixed-rate mortgage. With the steadily rising interest rates of today’s real estate financing trends, currently at around 4.5% and climbing for the… Read More »Rising Mortgage Rates Fail to Dampen the Buyer’s Market
Don’t let these 2017 real estate trends sneak up on you! The results of the Presidential race shocked the nation, with real estate magnate Donald Trump taking the ticket. What other shocking changes might the 2017 year bring for real estate… Read More »Real Estate Trends to Watch for in 2017
In his next 4 years as president, Donald Trump could have a major impact on real estate selling across the U.S. Licensed real estate brokers and agents nationwide are looking to Trump and how his time in office could change… Read More »What Will a Trump Presidency Look Like for Real Estate?
The average 30-year fixed mortgage rate fell to 5.41 percent, according to Bankrate.com’s weekly national survey. The average 30-year fixed mortgage has an average of 0.27 discount and origination points.
The average 15-year fixed and jumbo 30-year fixed mortgage rates dropped by equal amounts, to 4.74 percent and 6.34 percent, respectively. Adjustable rate mortgages were mixed, with the average 1-year ARM rising to 5.15 percent and the 5-year ARM inching lower to 4.94 percent.
This CNN article is not good news for those of us in the real estate industry. In it Karen Weaver from Deutsche Bank estimates that home prices in the US will fall another 14% causing 48% of homeowners to be… Read More »Almost half of homeowners with a mortgage could be underwater by 2011, says Deutsche Bank.