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Fourth stimulus check update: Can you expect another relief payment?
...to determine if you can get lower premiums elsewhere. Refinance your mortgage: Mortgage rates have risen slightly since hitting an all-time low in January. But they’re still under 3 percent......

Mortgage Applications Increase in Latest MBA Weekly Survey May 12, 2021
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What are the costs associated with buying a home?
...include: Application fee Appraisal fee Credit check fee Origination and/or underwriting fees Title insurance Title search fee Transfer tax (if applicable) “There are a number of standard......

Home prices are still going up almost everywhere across America
...of 2021 increased over the same period last year, according to a NAR report. Nationally, the median sale price for existing homes climbed 16% from the first quarter of 2020 to $319,200, both......

5 Appraisal Topics Every Agent Should Know
...Madison, trainer and CEO of Lynn Madison Seminars who currently serves on NAR’s Professional Standards and Real Property Valuation committees. “Be careful about waiving the appraisals and what......

NAR: Home Prices Soar Nationwide
...simply illustrate strong demand and record low housing supply,” says Lawrence Yun, NAR’s chief economist. “The record high home prices are happening across nearly all markets, big and small, even......

How the Pandemic Spurred Cybercrime
...636 Washington-17,229 Nevada—16,110 New Jersey—14,829 Maryland—14,804 Chris DeRosa, NAR’s member information and e-commerce product lead, pointed out that the nature of remote......

Buyers Expect Prices to Rise Further but Remain Eager
...please download Firefox , Chrome , or Edge . May 11, 2021 Competition in the housing market is fierce and it’s prompting home prices to rise quickly, but that doesn......

Druckenmiller Says Dollar Will Lose Reserve Currency Status
...billion worth of mortgage bonds each month, despite the fact that the housing market is booming and supply is tight. They are still buying up $80 billion a month of Treasurys, depite the......

Pricing Pressures Raise Inflation Concerns
...percent over the same period. This pricing surge occurred even as 30-year mortgage rates continued their advancement during the first quarter of 2021. Developers, meanwhile, are well aware......

Here’s How Much To Save For A House
...2019, the median down payment for all homebuyers was 12%, according to NAR research. Breaking the numbers down further, it was 16% for repeat buyers and 6% for first-time buyers. However, if......

Today’s Mortgage Rates: May 11, 2021
The rate on a 30-year fixed mortgage increased today. Yet rates are still historically low overall. The average rate on a 30-year fixed mortgage is 3.09%, according to Bankrate.com On a 15-year......

Better.com to go public through SPAC merger, valued at $7.7 billion
...2020, producing $24.2 billion in loan volume, $7.7 billion in title insurance and $1.4 billion in homeowners insurance. Those represented annual gains of 490%, 855% and 300%, respectively, over......

U.S. Home Sales Could Reach $2.5 Trillion This Year –That’s Facebook And Amazon’s Value Combined–Brokerage Predicts
Topline Brokerage firm Redfin said on Tuesday that home sales this year could reach a record high of $2.5 trillion as low mortgage rates, soaring demand for larger properties away from cities......

Virtually Every Metro Area Experienced Home Prices Rise in First Quarter of 2021
...first quarter of 2021, according to the latest quarterly report released by NAR. The 11 metro areas with the highest price increases saw median sales prices ranging from the $100,000s to $600......

Mortgage Credit Availability Increased in April May 11, 2021
...and 13 percent, respectively. The uptick in credit supply comes as the housing market and economy continue to strengthen," said Joel Kan, MBA's Associate Vice President of Economic and Industry......

Today’s refi rates retreat | May 11, 2021
...to compare today’s rates? Lenders nationwide respond to Bankrate’s weekday mortgage rates survey to bring you the most current rates available. Here you can see the latest marketplace average......

Help Your Employees Become Homeowners
...Solutions. The Covid-19 pandemic was initially expected by many to freeze the housing market. Instead, millions of people are gripped with homebuying fever. Chances are, some of them work......

Residential Uses Dominate Hotel Conversions
...veterans or housing for health care workers, according to a NAR report. In addition, 12% of the hotel and motel conversions were for homeless shelters, 11%...

Current mortgage rate for May 11, 2021: Rates retreat
Today a couple of important mortgage rates declined. Here's how that can affect your mortgage plans. A number of closely followed mortgage rates moved down today. 15-year fixed and 30-year......

Impact of Higher Mortgage Payments on Housing Affordability
In  the past month, mortgage rates have been increasing due to rising inflation. Home prices have also been appreciating strongly with not enough homes on the market. Rising home prices and mortgage......

Mortgage lenders are competing more on rates — and that’s good news for borrowers
Market watchers expected mortgage rates to be climbing toward 4 percent by now. In a break for borrowers, the anticipated run-up in rates hasn’t really begun. Instead, mortgage rates have declined......

Greg McBride’s savings account checklist: Documents you need to open an account
...financial institutions that offer deposit insurance. Banks should be insured through the FDIC , while credit unions are insured through the NCUSIF . Most institutions insure up to $250,000......

What are mortgage bonds?
...made to bondholders include the principal plus interest. How do bonds impact mortgage rates? Mortgage rates are influenced by a variety of factors, including market conditions and the yield......

How to get a low-cost mortgage refinance
With mortgage rates still at lows, it’s not surprising that some homeowners want to refinance. By refinancing , it’s possible to lower your mortgage interest rate and payment, creating long-term......