What's my home worth?
3 posts tagged with Mortgage:
February 05, 2019
There are some people who haven’t purchased homes because they are uncomfortable taking on the obligation of a mortgage. However, everyone should realize that unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s.
As Entrepreneur Magazine, a premier source for small business explained in their article, “12 Practical Steps to Getting Rich”:
“While renting on a temporary basis isn’t terrible, you should most certainly own the roof over your head if you’re serious about your finances. It won’t make you rich overnight, but by renting, you’re paying someone else’s mortgage. In effect, you’re making someone else rich.”
With home prices rising, many renters are concerned about their house-buying power. Mike Fratantoni, Chief Economist at MBA, . . .
November 06, 2018
Interest rates are starting to jump a tad and it looks like we could see them in the mid 4's at some point soon. Rates are still crazy good if you look at them historically, but they have been exceptionally low since they broke into the 4's in 2009. Rates broke into the 3's for the first time in 2011 and they have been going from 3's to 4's and back to 3's again for the past 6 years. The above rates I am speaking about are your conventional 30-year fixed rate mortgages with a 740+ credit score. FHA rates are still in the 3's now, and . . .
August 15, 2018
The number of building permits issued for single-family homes is the best indicator of how many newly built homes will rise over the next few months. According to the latest U.S. Census Bureau and U.S. Department of Housing & Urban Development Residential Sales Report, the number of building permits issued in June was 850,000, a 0.8% increase from May.How will this impact buyers?
More inventory means more options. Mark Fleming, First American’s Chief Economist, explained that this is good news for the housing market – especially for those looking to buy:
“The continued year-over-year growth in completions means more homes on the market in the short-term, offering some immediate relief in alleviating housing supply shortages.”How will this impact sellers?
More inventory means more . . .
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