Today’s News Synopsis: Home sales will go down in 2020. According to the latest MBA Weekly Survey, mortgage applications increased 7.3% from last week. Meanwhile, builder confidence posted a historic decline. In The News: MarketWatch – “Fannie Mae: Home sales will decline by 15% in 2020 due to coronavirus, but what will happen to property prices?” …
Today’s News Synopsis: House flipping hits an 8 year high. Mortgage rates are at a record low with 30-year rates now at 3.29% and 15-year rates at 2.79%. The desire for millennials to buy a home is similar to that of the silent generation. In The News: Freddie Mac – “Mortgage Rates Hit All-Time Low” (3-5-2020) “Freddie …
House Flipping Profits, Though, Not So Much. 8-Year Low Read More »
Today’s News Synopsis: How long before your smartphone tells you when and where to buy a home? Delinquency rates decreased in October to their lowest in 18 years according to CoreLogic with 4.1% of mortgages in some stage of delinquency. Do you want security for your home that is simple and not too complicated? Well, …