Housing advocates praise reduction of mortgage insurance premiums
Housing advocates on Monday applauded the Federal Housing Administration’s (FHA) decision to reduce annual mortgage insurance premiums with home loan rates on the rise.
Housing advocates on Monday applauded the Federal Housing Administration’s (FHA) decision to reduce annual mortgage insurance premiums with home loan rates on the rise.
Mortgage rates reverse course, moving lower for the first time in more than two months
Fixed mortgage rates, which have been on a tear since the presidential election, retreated this week, falling for the first time in nine weeks.
According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average tumbled to 4.2 percent with an average 0.5 point. (Points are fees paid to a lender equal to 1 percent of the loan amount.) It was 4.32 percent a week ago and 3.97 percent a year ago.
More Equity Likely Coming to Owners
Spread the news to your seller contacts sitting on the fence: Home prices nationwide, including distressed sales, rose year over year by 7.1 percent in November 2016 compared to November 2015, CoreLogic’s Home Price Index shows.
Housing Outlook 2017: Eight Predictions From The Experts
National prices finally crossing the previous 2006 peak, mortgage rates remained historically low and there were some signs that Millennials, a generation which some feared would never buy homes, are beginning to enter the market.
Zillow: Total value of U.S. housing reaches all-time high
The total value of all the housing stock in the United States has never been worth more than it is right now, according to a new report from Zillow.
The report says the total value of U.S. housing stock grew to a total of $29.6 trillion in 2016, marking an all-time high.
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