Existing Home Sales Jumped in March

Existing-Home Sales Jumped 4.4% in March

WASHINGTON (April 21, 2017) – Existing-home sales took off in March to their highest pace in over 10 years, and severe supply shortages resulted in the typical home coming off the market significantly faster than in February and a year ago, according to the National Association of Realtors®. Only the West saw a decline in sales activity in March.

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Treasury Down-Payment Assistance

Do You Qualify for Treasury Down Payment Assistance?

By LAURA HAVERTY

April 18

A home of your own could be within your reach.

It’s spring, and some renters’ thoughts may turn to home buying. Then reality hits: Between paying off student loans, paying rent, and keeping up with other bills, they haven’t saved for a down payment.

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How to find the best Real Estate Agent

How to find a real estate agent who’ll best meet your needs

By Ilyce Glink and Samuel J. Tamkin

April 17

How do I find the best real estate agent? And how do I choose which real estate agent to use?

I’m learning a lot going through the process of “properly” selling my house. I interviewed five real estate agents the Saturday before last, and I was amazed by the range of differences in their attitudes and approaches to selling real estate.

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Mortgage Rates Hit Lowest of 2017

Mortgage Rates Hit Lowest Mark of 2017

MCLEAN, VA–(Marketwired – Apr 13, 2017) – Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year mortgage rate dropping for the fourth consecutive week and hitting a new low for 2017.

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Advice for Retirees regarding Real Estate

5 Major Mistakes That Retirees Make With Real Estate

By Julie Ryan Evans

April 13

You’ve worked hard year after grueling year and, finally, retirement is on the horizon. There’s nothing ahead for you but lazy days of relaxation and idle time to pursue those back-burner hobbies. Hey, you’ve earned it!

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Vacation Home Sales Plummet

Affordability, Tight Supply Cause Vacation Home Sales to Plummet in 2016; Investment Sales Climb 4.5%

WASHINGTON (April 11, 2017) – Last year’s strongest pace of home sales in a decade included a sizeable drop in activity from vacation buyers and a jump from individual investors, according to an annual second-home survey released today by the National Association of Realtors®. The survey additionally found that vacation and investment buyers in 2016 were more likely to take out a mortgage and use their property as a short-term rental.

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Mortgage Interest Deductions in Jeopardy?

Popular deductions for homeownership are targeted in tax plans

By Kenneth R. Harney

April 5

With the health-care bill back-burnered on Capitol Hill, the focus has shifted to tax reform. Among the key financial matters in play: Homeowners’ prized deductions for mortgage interest and property taxes.

Although no major version of an overhaul bill would eliminate the mortgage interest deduction, a plan known as the House Republicans’ “blueprint” would essentially sidestep it by doubling the current standard deduction from $12,600 to $24,000 for joint filers ($12,000 for single filers).

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Is The First Offer The Best Offer?

The First Offer May Be The Best Offer

By Bob Hunt

Monday, 3 April

Versions of this column have appeared before. It is still true. And for many, still relevant.

Sometimes when everything goes right we have trouble accepting that fact. Perhaps nowhere is this phenomenon more clearly illustrated than in the case where a seller receives a good offer right away.

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Current Mortgage Rates – Mar 30, 2017

Weekly Data

2017 Weekly Mortgage Rates Data [XLS]

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Mortgage Rates Decline

Mortgage Rates See Another Significant Decline

MCLEAN, VA–(Marketwired – Mar 30, 2017) – The 10-year Treasury yield remained relatively flat this week. The 30-year mortgage rate fell 9 basis points to 4.14 percent, another significant week-over-week decline.  Despite recent mortgage rate fluctuation, new home sales far exceeded expectations in February and jumped 6.1 percent to an annualized rate of 592,000.

News Facts

30-year fixed-rate mortgage (FRM) averaged 4.14 percent with an average 0.5 point for the week ending March 30, 2017, down from last week when it averaged 4.23 percent. A year ago at this time, the 30-year FRM averaged 3.71 percent.

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