As mortgage rates fall, aspiring homeowners have gained nearly $40,000 in buying power in a matter of months, according to a new report. But that power comes with a catch: increased competition. Now that the 30-year mortgage rate has fallen from nearly 8% to below 7%, home buyers with a monthly housing budget of $3,000
A bill is moving through the legislature aiming to give tribal entities access to a pot of housing infrastructure dollars. However, several rounds of funding from the program have already been dedicated — leaving a smaller slice of the pie for tribes to apply for, particularly when it comes to grant dollars. House Bill 1041
Published: Jan. 25, 2024 at 12:01 p.m. ET U.S. mortgage rates rose to the highest level in six weeks, but have stayed well below 7%, offering some stability to home buyers. The 30-year fixed-rate mortgage rose and averaged 6.69% as of January 25, according to data released by Freddie Mac FMCC on Thursday. It’s up
SAN ANTONIO – In just a couple of weeks, Broker Associate David Anderson said he feels confident about the 2024 real estate market. “It’s going to be a very solid market,” Anderson said. “Everything that went was going wrong at the beginning of 2022 is going right in 2024.” After a year with historic highs
A D.C. mother says her dreams of buying a home may be shattered after the District promised her funding but then backtracked, announcing this week that the program had run out of money. She and her family had qualified for financial assistance through a program called Home Purchase Assistance Program (HPAP), which offers interest-free loans
MEDFORD, Ore. — Oasis of the Rogue Valley and OnTrack Rogue Valley were awarded $3.7 million dollars in Measure 110 funding to create emergency housing for pregnant women and mothers. The downtown Oasis facility was bought with Measure 110 funding and there were apartments behind the main building. OnTrack helps manage the housing facility. “The
Published: Jan. 11, 2024 at 12:26 p.m. ET Mortgage rates rose slightly in the latest week, but that didn’t deter home buyers. The 30-year fixed-rate mortgage rose and averaged 6.66% as of January 11, according to data released by Freddie Mac FMCC on Thursday. It’s up 4 basis points from the previous week — one
When Satyen Joshi moved to Mumbai from Bengaluru five years back, little did he know that he would have to pay more than ₹50,000 per month as rent. He is now contemplating buying a property in the suburbs for around ₹2 crore. He has taken this decision at age 40 because he has the funds
SAN ANSELMO, CALIFORNIA – NOVEMBER 30: A “sale pending” sign is posted in front of a home for sale on November 30, 2023 in San Anselmo, California. According to a report by the National Association of Realtors, pending home sales fell 1.5 percent in October to their lowest level in 20 years. (Photo by Justin
The California Mortgage Relief Program is helping many people across San Diego and California stay in their homes. The program that is funded by the 2021 American Rescue Plans Act provides up to $80,000 for mortgage relief, missed property tax payments, partial claims and loan deferrals taken during or after January 2020, and reverse mortgage