Fixed-rate mortgages are a preferred choice for many borrowers as they ensure that their principal and interest payments will remain the same each month for as long as 30 years.
It's clear that the pandemic drove a change in how people used their houses, with more people using their houses as their offices, home gyms, and more. That shift led a number of people to look for larger houses to accommodate their new normal. And as a result, newly built homes are increasing in size to address that demand.
House prices are rising quickly, and have been for quite some time. This much is known. However, a new report shows that prices are rising faster than they have in more than four decades.
Well, it's that time of year again. As the year comes to a close, it's time to look ahead to what will happen in real estate next year. More specifically, it's time to look at the housing markets that will be the hottest in 2022.
Due to home prices increasing by over 18% in the past year, the Federal Housing Administration loan limit will rise for nearly the entire country in 2022.
The latest data showed that existing home sales have risen in four of the last five months. Now, a new report shows that home sales are likely to continue increasing as the year closes out. If that happens, existing home sales will hit a level not seen in 15 years.
The first quarter of this year was the best quarter for the mortgage lending industry in 20 years. However, those heights have not been sustainable as mortgage lending has fallen back a bit in each of the two quarters since then.
Both pre-qualification and pre-approval can be helpful in your homebuying process. Find out what makes them each different and when each one can be most useful to you.
For the sixth year in a row, the maximum conforming loan limits on mortgages to be acquired by Fannie Mae and Freddie Mac are set to increase. Here are the full details.
The financial benefits of owning a home continued to grow in the third quarter, as rising home prices boosted the equity that many homeowners hold in their homes.
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