Freddie Mac’s most recent Primary Mortgage Market Survey shows the 30-year fixed mortgage rate dropping to its lowest mark since November 10, 2016. “The 10-year Treasury yield fell 6 basis points this week amid concerns over lagging inflation,” says Sean Becketti, Freddie Mac’s chief economist. “The 30-year mortgage rate also declined for the fourth consecutive…
Many home buyers fantasize about purchasing a run-down shack and transforming it into a palace. But should you actually do it? Fixer-uppers aren’t for everyone, and here, Realtor.com offers six factors to consider if this type of house is right for you. Fixer-uppers are bargains One of the most obvious reasons to purchase a fixer-upper…
Just because lender lets you borrow the maximum possible amount on a mortgage, that doesn’t mean you should take them up on the offer. Wondering how much of your monthly income to comfortably spend on your home? Trulia shows how to crunch your own numbers first to determine how much mortgage you can afford. Calculate your…
Think bigger is better? Well, most of today’s home shoppers don’t. According to a new realtor.com survey, the homes that are in most demand by buyers in a hyper-competitive real estate environment have just three bedrooms and two baths. Ranch-style homes top the wish lists of 42 percent of home seekers surveyed by realtor.com this spring. But more than…