October 2019 was the first time that nearly half of loan originations were refinance. According to an article on MortgageNewsDaily.com, continuing lower interest rates are driving the refinance market.
Half of October Originations were Refinances!
All posts tagged: Escrow
Prices are Still Rising
When you are ready to buy or sell, Notary Near You provides a business platform that allows you to request a public notary at the touch of a button, anytime and anywhere.
Residential Real Estate prices are on the rise according to many news sources. In a HousingWire.com article they reference Redfin data: “Redfin’s data also determined that only 6 of the 85 largest metros saw a year-over-year decline in their median sale price.”
Low Interest Rates Will Continue
Debates about the future of our national economy have always involved many different viewpoints and opinions. Economic advisors and experts build their opinions on a variety of factors, and it is interesting to read their diverse projections. One thing they cannot debate is the fact that our nation has had a decade of low interest rates.
Will We Continue to Enjoy Low Mortgage Interest Rates?
If you purchased a home in the 80’s it likely included a double-digit mortgage interest rate. According to an article on ValuePenguin.com “over the past 48 years, interest rates on the 30-year fixed-rate mortgage have ranged from as high as 18.63% in 1981 to as low as 3.31% in 2012.” You can read the complete article including historical graphs here:
Considering a Cash-Out Refinance?
A cash-out refinance provides you access to the increased equity value of your home. With low interest rates this can be an attractive option to many homeowners.
Great Advice About Purchasing Vacation Rental Properties
Forbes.com article: Best Places To own A Vacation Rental Property in 2019 provides insight into the short-term rental profitability including the criteria to consider:
Sources Reveal A Shift to Buyer’s Market
For those who have considered buying a home, but have not yet pulled the trigger, this may be the year to make that move. After multiple years of a seller’s market, many sources reflect a shift to a buyer’s market.
Pre-Fab Homes in the Market
Did you know? 22 million people live in manufactured homes in the US! Whether you call it a manufactured home, pre-fab home, modular home, or a tiny home; the US home buyer market is taking a new look at manufactured homes.
Sitting on the fence about when to buy a home?
Have you been sitting on the fence about buying a home? This article includes information about the cost of waiting.
According to Realtor.com’s 2019 National Housing Forecast, home prices and interest rates will increase again in 2019, as they did in 2018: https://www.realtor.com/research/2019-national-housing-forecast/
Priced Out of Your Neighborhood
According to a recent article written by Devon Thorsby for usnews.com, the increase in home purchase and rental prices are causing many to be displaced from the neighborhoods they have lived in for years. The article is filled with valuable information including ways to fight being forced from your community by becoming a more active member in it.