In today’s market, the buyer standing in your model home isn’t just asking, “Can I afford this?” They’re questioning: “Will anyone insure it – and how will that affect my payment and resale?” In a cycle where climate risk, hidden ownership costs, and sour sentiment cause as much damage as mortgage rates and asking prices, […]
Buyer angst puts home insurance at the center of the purchase Read More »
An analysis released Thursday by Zillow found that the majority of U.S. home shoppers are costing themselves thousands of dollars by not submitting multiple mortgage applications. The report explained that for a typical home valued at $360,000, a buyer using a 30-year fixed-rate mortgage at the current average of 6.24% would pay about $2,345 per
Most homebuyers lose thousands by not shopping mortgage rates Read More »
As is sometimes the case on the day following a Fed day, the bond market carried a bit more momentum in the same direction as yesterday afternoon. Fortunately, the momentum was toward lower rates this time around–a nice break from the past two Fed days which resulted in several days (and weeks) of higher rates.
Mortgage Rates Hit Lowest Levels of The Week Read More »