March 28, 2024
Mortgage

Mortgage Refinancing Stalls as Housing Market Struggles

Mortgage loans refinancing declined for the week ending March 22, contributing to a drop in home loans applications even as interest rates decelerated, data from the Mortgage Bankers Association (MBA) showed on Wednesday. The Refinance Index fell 2 percent from the prior week and was 9 percent lower compared to a year ago. Overall, mortgage

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Mortgage

Mortgage rates clock in at 6.87%, will remain higher for longer, experts say

Mortgage rates surged closer to 7% this week, a blow to hopeful homebuyers this spring. The rate on the 30-year fixed mortgage increased to 6.87% from 6.74% the week prior, according to Freddie Mac. Rates tilted higher as inflation remained hotter than expected, leading to the Fed putting off any potential rate cuts until summer.

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Mortgage

Report reveals the income required for a comfortable mortgage in Dallas – NBC 5 Dallas-Fort Worth

Affording a comfortable mortgage in North Texas can be a feasible option if buyers do their research and plan carefully. It’s becoming increasingly difficult to achieve the dream of owning a home in Dallas, as buyers now require an annual income of at least $121,398 in order to comfortably afford a mortgage. That’s an increase

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Mortgage

Housing Market Hit by Bad Weather, High Mortgage Rates | Economy

The housing market began 2024 in the doldrums as housing starts and permits for new construction both fell, the Census Bureau reported on Friday. Starts fell 14.8%, way more than the flat reading expected by economists. Permits fell 1.5%, in line with estimates. “A home building revival is coming, but it didn’t arrive in January,”

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Property

Tips for getting your property ready to rent

Tips for getting your property ready to rent Important considerations for long-term success in the rental market include factoring expenses and maintenance and understanding local regulations, including tenant rights and landlord requirements. Updated: 10:39 AM EST Feb 6, 2024 ABC7 News, Author at ABC7 Southwest Florida Important considerations for long-term success in the rental market

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Mortgage

How a North Texas Family Just Closed on a Home with a 3 Percent Interest Rate – NBC 5 Dallas-Fort Worth

A recent social media post from a North Texas real estate agent got the attention of our NBC 5 Responds team. A new home buyer closed on a house just before the new year, financing it with an interest rate of three percent. Average 30-year fixed rates are around seven percent on Monday. Read on

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Mortgage

Dayton home prices up last month, mortgage rates falling in 2024

DAYTON, Ohio (WDTN) – The housing market is heating up this year, with early signs showing that mortgage rates will continue to fall in 2024. After the Federal Reserve announced plans to decrease interest rates in 2024 last October, mortgage rates responded by starting to drop. 2024 is ‘promising year’ for Downtown Dayton development “Right

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Loans

For loans upto ₹50 lakh, interest subsidy should be raised, says Atul Monga of Basic Home Loan

To gauge the government’s stance on home loan interest rates in Budget 2024, homebuyers and industry experts should closely monitor official statements, policy announcements, and economic indicators, says Atul Monga, CEO and Co-founder, Basic Home Loan. In an interview with MintGenie, Monga said that reviving expired incentives, such as tax breaks, is crucial for affordable housing.

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Mortgage

Fannie Mae Unveils $2,500 Homebuying Credit: Do You Qualify? | Mortgages and Advice

Fannie Mae has announced an update to its HomeReady mortgage product that could save certain borrowers thousands of dollars on upfront homebuying costs – but this offer is only available for a limited time. In a lender letter issued Wednesday, the mortgage giant unveiled a temporary $2,500 credit for low-income homebuyers that can be used

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Investment

The Risks Involved In Owning A House As An Investment

of the contract agreement is complete. getty Is owning a house a risky investment? originally appeared on Quora: the place to gain and share knowledge, empowering people to learn from others and better understand the world. Answer by Marco Giacoletti, Assistant Professor of Finance at University of Southern California, on Quora: Owning a home is

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