Last week's economic news included several reports related to housing. The Case-Shiller 20-City Home Price Index for June rose to 4.50 percent as compared to Mayâs reading of 4.40 percent. Denver, Colorado was the only city to post double-digit year-over-year growth. FHFA also released its House Price Index for June. Home prices for properties associated with mortgages owned or backed by Fannie Mae and Freddie Mac rose at a year-over-year rate of 5.60 percent in June as compared to Mayâs reading of 5.70 percent.
How to Design a Modern, Luxurious Home Inside of an Older Piece of Real Estate
Whether buying or renovating an older property, many people are interested in learning how to instill modern luxury in older property. The good news is that this is easier than it sounds, and it can be accomplished by following a few simple tips.
Buying a New Home? Three Tips on How to Get the Best Mortgage Rate
Buying a new home is one of the biggest steps that a person can take. Prior to taking out a home loan, you want to ensure that you get the best interest rate for your mortgage. In today's blog post we'll share three key tips that will help you get the best possible mortgage rate.
Case-Shiller: Home Prices Continue to Outpace Inflation
Denver, Colorado continues to woo homebuyers as home prices rose by 10.20 percent as of June according to the Case-Shiller 20-City Home Price Index. The Mile-High City was the only city included in the index that posted double-digit year-over-year growth in June. San Francisco, California posted a 9.50 percent year-over-year gain in home prices and Dallas, Texas rounds out the top three cities posting highest year-over-year home price growth with a reading of 8.20 percent.
A Few Common Misconceptions About Mortgage Pre-Qualification
By understanding how pre-qualification works, youâll be able to find the right mortgage for you - at the best possible rate. So what is mortgage pre-qualification, and what isn't it? Here are three common pre-qualification myths that you may have heard.
What’s Ahead For Mortgage Rates This Week – August 24, 2015
Last week's economic events included a number of readings on housing related topics. The National Association of Home Builders released its report on builder confidence in housing markets, Housing starts reached their highest level since the great recession, and existing home sales exceeded expectations and the prior month's reading. The Federal Reserve released minutes for its most recent FOMC meeting, which indicated that while a majority of FOMC members are leaning toward raising the Fed's target federal funds rate, concerns over certain aspects of the economy continue to keep the Fed from citing a date for raising its target interest rate.
3 Handy Tips That Will Prevent Serious Stress when Buying and Selling a Home at the Same Time
It's not easy, but staying calm will help you to plan for your upcoming home purchase and sale and make the process easier. So how can you avoid the stress? Here are three strategies that will keep you calm, no matter what may happen.
FOMC Minutes: Rate Hike May be Near
The minutes for the most recent meeting of the Federal Reserve's Federal Open Market Committee (FOMC) suggest that while committee members won't specify a date, a rate hike could come sooner than later. Committee members continue to cite concerns over labor markets and other economic factors, but the minutes of the FOMC meeting held July 28 and 29 indicate that a majority of members see a rate change as likely in the near term.
Buying an Investment Property? 3 Key Home Features That Will Help Ensure You Turn a Profit
The key to a successful real estate investment is choosing the right property. A great property will reap dividends for years to come. Look for these three features in your next investment property and you'll have no trouble finding one that turns a profit.
Understanding the “Adjustable Rate Mortgage” (ARM) and How This Type of Mortgage Works
Understanding what an adjustable rate mortgage, or ARM, is in comparison to a fixed rate mortgage can help applicants make a more informed decision about their mortgage plans.
