Average 30 year fixed mortgage rate slipped from 4.14% to 4.12% last week. Average 15 year fixed mortgage rate plummeted as well, from 3.25% to 3.21%. This is the fifth straight week of U.S. mortgage rates continuing to tumble down. The housing analysts are attributing this
Home buyers are passing through stringent times. Today, lenders expect home buyers to put down at least 20 percent down payment or have a flying credit score of 720 or above. But let’s be real – Not every one of us is blessed with a
The U.S. housing market is witnessing a 17-year low in the lending volume. The downturn was triggered by a percent point increase in the interest prices last year, which in turn was a result of Federal Reserve’s announcement of tapering its stimulus cash. The average
The U.S. housing market is witnessing a significant fall in the number of first-time homebuyers. The national sales figure for first time buyers dropped from an average of 40% to a mere 27% in the month of December last year. The fall is peculiarly notable among
Every market has its turns and tumbles. Real Estate is a volatile market too, where the rates fluctuate frequently in significant proportions. In such indefinite times, the sellers have to constantly revamp their marketing strategies to survive in the market. But even as a homebuyer,