Help Boost Homeownership A recent study shows that the use of algorithms for online mortgage lending may actually help reduce discrimination against some minority groups. The study, conducted by the National Bureau of Economic Research, calls for banks to embrace more artificial intelligence tools to help end bias in home loans and lending decisions. According …
Tag: tips
Jan 02
A pre-approval puts you in control.
A pre-approval puts you in control. A pre-approval is documentation that is provided by a lender that has checked your income, credit history and documentation to determine the mortgage amount you’re qualified to borrow. See the image to find out more about this. Then give me a call to discuss. Getting a pre-approval before looking …
Dec 31
Bathroom Trends of 2019
Bathroom Trends of 2019 Shaker-style cabinets, brass accents, and white-and-wood combos dominated bathroom trends in 2019, according to Houzz, a home remodeling website. The following are the most-saved bathroom photos that were uploaded to Houzz in 2019. Brass accents. Add some bling: Brass finishes—whether antiqued, brushed, or polished—grew in popularity in 2019, particularly with cabinet …
Dec 30
Popular Living Room Styles
Popular Living Room Styles Living room layouts enabling greater social interaction, as well as design accents like built-ins, were big trends this year. Houzz, a popular home remodeling site, recently rounded up the living room and family room photos uploaded to its site this year that the highest number of users saved. 1. Shiplap: Add …
Dec 27
New-Home Sales Surge
New-Home Sales Surge More home shoppers purchased newly constructed homes in November, bringing new-home sales to their best three-month performance since 2007, the U.S. Commerce Department reported Monday. Economists credit low mortgage rates, low unemployment, and strong income growth for the sales uptick. Sales of new single-family homes increased 1.3% to an annualized pace of …
Dec 26
Home Design for the next Decade
Home Design for the next Decade Off-trend may become the new trend in interior home design in the new year. Bigger, bolder statements are coming in favor over all-white or neutral interiors. Forbes.com recently interviewed interior and furniture designers to find out the hottest looks they expect to emerge over the next decade. Statement lighting. …
Dec 24
Credit Scores Surge
Credit Scores Surge Americans are boosting their credit scores, which bodes well for applicants seeking a mortgage to snag the lowest rates. The average credit score hit its highest level since 2011, reaching 682–two points higher than a year ago, Experian reports in its State of Credit report. Consumers also are taking on more mortgage …
Dec 23
Mortgage Rates Hold Steady
Mortgage Rates Hold Steady The 30-year fixed-rate mortgage averaged 3.73%, unchanged from a week ago, Freddie Mac reports. “The economy continued to pick up momentum with a solid increase in residential construction, improvement in industrial output in our nation’s factories and a rise in job openings,” said Sam Khater, Freddie Mac’s chief economist. “While the …
Dec 20
November home sales slip
November home sales slip Existing-home sales decreased in November, offsetting October’s gains. But Lawrence Yun, chief economist for the National Association of REALTORS®, says there’s no reason to believe the drop indicates a lasting downward trend heading into the new year. Total existing-home sales—completed transactions for single-family homes, townhomes, condos, and co-ops—slipped 1.7% in November, …
Dec 19
Housing Construction Rises
Housing Construction Rises More new-home construction is coming, and builders are increasingly confident about the direction of the market. Housing starts in November rose 3.2% to a seasonally adjusted annual rate of 1.37 million units, the U.S. Commerce Department reported Tuesday. Broken out, single-family home construction rose 2.4% year over year in November, while the …
Dec 18
Discover the affordability of homeownership
Discover the affordability of homeownership Whether you’re a first-time homebuyer, a repeat buyer, or looking to refinance, John Coneys of Freedom Mortgage, and I can help you find out what the Homeready program can do you for. #RealEstate #Realtor #HomeReady #PreApprovalChecklist #FreedomFast #PreApp #LetFreedomHelp See the image below for all the details.
Dec 16
Mortgage Rates Could Trend Upward
Mortgage Rates Could Trend Upward A humming economy and a halt to Federal Reserve interest rate hikes—at least in the immediate future—are helping to push mortgage rates higher. With economic expansion expected to continue into the new year, the 30-year fixed-rate mortgage, which increased to an average of 3.73% this week, could see steady inclines …
