The Experts You Can Trust
For third straight week, the average U.S. rates on 30-year fixed mortgage and 15-year fixed mortgage have continued to rise, this according to the latest report of Freddie Mac. As of August 16, according to Freddie Mac, the 30-year fixed-rate mortgage was 3.62%, an increase from last week’s average of 3.59%. However, this latest 30-year …
Mortgage Rates Continue to Rise for 3rd Straight Week Read More »
As early as April this year, the Wall Street Journal reported on the surged of bidding wars among home buyers. With the rise of median existing single-family home price but a lack of inventory of homes for sale nationwide, as reported by the National Association of Realtors, there is a possibility of bidding war among …
Bankrate.com reports that the national average for mortgage closing cost in June this year dropped to 7.4% over the past year. Bankrate surveyed up to 10 mortgage servicers or lenders in each of the U.S. states for the good faith mortgage closing cost estimates for a $200,000 mortgage to buy a single-family home with a …
Mortgage Closing Costs Drop 7% — Bankrate Reports Read More »
The answer to this question is not as simple as looking at the monthly rents and comparing them to mortgage payments. According to Zillow Chief Economist Stan Humphries, other than looking at the monthly rents and mortgage payments, the following factors have to be considered before deciding whether to buy or to rent: time horizon …
The recent housing statistics of the Maryland Association of Realtors (MAR) reveal that Maryland’s average home price, median home price and home sales went up in June this year. According to MAR, the average Maryland’s home price in June 2012 was $317,659, a 6.7% increase from last year’s $297,813 average home price. Maryland’s median home …