Record Low Mortgage Rates The Federal Reserve announced Wednesday that it would keep its benchmark interest rate near zero through 2022—a move that could set the course for record low mortgage rates for the next three years. The Fed’s key rate doesn’t directly affect mortgage rates, but it often influences them. The federal funds rate …
Category: News
Jun 11
Now is the time to purchase or refinance a home!
It’s time to tell a friend… Now is the time to purchase or refinance a home! Read the graphic below then call me. Tell a friend! While rates are still low, now is the time to purchase or refinance a home! If you or anyone you know may benefit from refinancing, contact me …
Jun 10
Mortgage Rates Tick Up Slightly
Mortgage Rates Tick Up Slightly The 30-year fixed-rate mortgage inched up after reaching an all-time low last week. However, mortgage rates continue to hover near the lowest averages ever recorded by mortgage financing giant Freddie Mac. The 30-year fixed-rate mortgage averaged 3.18% this week, up slightly from last week’s all-time low of 3.15%. “While the …
Jun 09
Consumers May Rely on Agents Even More
Consumers May Rely on Agents Even More The COVID-19 pandemic has changed the ways people have conducted business, and some housing experts predict it will forever change real estate’s processes. Consumers likely will depend more on their real estate agent than ever before, Jennifer Anderson, a real estate pro in the San Diego area and …
Jun 08
Could the Rise of Remote Work Spark More Home Sales?
Could the Rise of Remote Work Spark More Home Sales? The growing trend of working remotely could untether Americans from office spaces in pricey areas and prompt them to buy homes elsewhere. Home sales in the suburbs as well as smaller, less expensive cities could see a boost that continues beyond pre-pandemic levels, The Wall …
Jun 05
Where PPP Loan Forgiveness Stands Now
(Update: The U.S. Senate, on the evening of June 3, passed a bill that would give greater flexibility to business owners who have received Paycheck Protection Program loans. The bill, which passed the House last week, would extend to 24 weeks the period of time in which borrowers must use the money to qualify for …
Jun 04
Home Design That Promotes a Healthy Lifestyle
Home Design That Promotes a Healthy Lifestyle Hospital design and the food industry could teach the residential real estate community a lot when it comes to creating healthier space, says Bea Spolidoro, principal at FisherARCHitecture in Pittsburgh. A person’s home can have a physical and psychological health impact, Spolidoro told Forbes.com. Spolidoro says homes can …
Jun 03
Buying a fixer Upper? Purchase and Renovate in one loan!
Buying a fixer Upper? Purchase and Renovate in one loan! Read the graphic below for more info then give me a call! Buying a fixer upper? Call me orJohn Coneys of Freedom Mortgage, to find out how you can purchase AND renovate all in one loan! #RealEstate #Realtor #HomePurchase #RenovationLoan #FreedomFast #PreApp #LetFreedomHelp
Jun 02
Contract Signings Likely Won’t Go Any Lower
Contract Signings Likely Won’t Go Any Lower The COVID-19 pandemic hampered home sales contracts in April, but that will likely mark the low point in pending home sales for the year, according to the National Association of REALTORS®’ latest housing report released on Thursday. April was the second consecutive month of declining pending home sales, as …
Jun 01
30-Year Mortgage Rate Hits New Record Low
30-Year Mortgage Rate Hits New Record Low Borrowing costs fell this week, with the 30-year fixed-rate mortgage setting a new record low for the third time in the last few months. The 30-year fixed-rate mortgage averaged 3.15% this week, the lowest average in Freddie Mac’s records dating back nearly 50 years. “These unprecedented rates have …
May 29
Fannie, Freddie Launch Resources on COVID-19 Relief Options
Fannie, Freddie Launch Resources on COVID-19 Relief Options For those financially impacted by the COVID-19 pandemic, knowing where to look for updates on information about aid programs has proven challenging. But several government agencies have stepped in with resource tools to help homeowners and renters. The latest comes from mortgage financing giants Fannie Mae and …
May 28
Worry About Pandemic Financial Options
Worry About Pandemic Financial Options The Consumer Financial Protection Bureau says it has received a record number of consumer complaints in March and April as consumers grew concerned over their finances at the onset of the global pandemic. In March, CFPB says it received about 36,700 complaints from consumers about financial services providers. In April, …
