If you haven’t refinanced lately, it is time to consider taking advantage of low rates. According to an article on Mortgage News Daily there were over 8 million properties that are considered to be refinanceable in June 2019.
Fannie Mae’s Home Purchase Sentiment Index (HPSI) hit a record high in July 2019, according to an article on FannieMae.com. They state that the increase results from “Confidence About Not Losing Job” as well as other factors.
Many key factors affect mortgage rates, with global financial market trends leading the indicators. Rates dropped quickly this week according to this article: Mortgage Rates Drop Quickly as Market Panic Sets In, written by Matthew Graham, dated May 23, 2019.
What makes a residential property interesting to you may be quite different than what makes a property interesting to your friends, family, neighbor or co-worker. We aren’t talking about your typical home, we’re talking about uniquely interesting homes. Maybe who owns it or owned it makes it interesting, like the homes of the rich and famous. Maybe the original architect is notorious. Or maybe there is some other surprise that makes a home unique.
It is often said that location is the most important aspect to consider when purchasing a home, however for many the decision is driven by size and amenities. Both location and size are crucial factors, but which is more important to you depends on what matches your lifestyle.
Median home prices are on the rise in America, with the current median home price at $295,000. Many potential home buyers presume they need a 20% down payment, which causes them to think they can’t afford to buy a home. While 20% down may be a standard, there are several home mortgage loan programs that require little or no money down.