For the second consecutive week, average mortgage rates fell, lowering the borrowing costs of buyers."The 10-year Treasury yield remained relatively flat this week,” says Sean Becketti, Freddie Mac’s chief economist. “The 30-year mortgage rate fell 9 basis points to 4.14 percent, another significant week-over-week decline.”Freddie Mac reports the following national averages with mortgage rates for the week ending March 30: 30-year fixed-r
In all the hustle and bustle of searching for a new home, it's easy to overlook how and where your car is going to live. But there are important factors for house-hunters to consider when it comes to their vehicles—namely those related to safety, security, and convenience—that may impact how they feel about potential homes or neighborhoods.Here are three handy tips that have cars so they can get the most out of their new place.1. Make sure th
An improv class is not just for comedians. It may help you better your sales and customer relationships. That’s why business professionals across the country are signing up for improv classes.“I believe improvisation and stand-up comedy classes can be a tremendous supplement to traditional sales training,” Troy Piekarski, an advocate for standup comedy training, told Forbes.com. “The quick thinking, engagement, and connection required hel
Homeowners today are focused on making changes to their front yards so they're markedly different from their neighbors' yards and easier to maintain, finds the 2017 U.S. Houzz Landscaping Trends Survey.Homeowners want their yards to look distinct. Only 6 percent of homeowners reported front yards that were nearly identical to those in the neighborhood after their outdoor project, compared to more than a third before the update (36 percent), the H
Spring sprang early in the housing market this year. The buying season’s annual start came about a month earlier than usual. Homes in March are expected to sell 22 days faster than last month, or in 69 days, according to realtor.com®’s latest data release.“Calendars might say this is the first week of spring, but we’re already right in the thick of the most frenzied spring home-buying season on record,” says Javier Vivas, manager of ec
Longtime Jersey City, N.J., homeowners say they’ve been harassed by real estate solicitations in recent months. They’re hoping the city’s new “No Knock” registry will put an end to the door knocks inquiring if they want to sell their home.The Jersey City Council recently unanimously passed a resolution creating an antisolicitation program, dubbed the “No Knock” registry. Residents who sign up will receive “No Knock” decals for t
Time is ticking for the National Flood Insurance Program. In just six months—on Sept. 30—the NFIP is set to expire, and REALTORS® are warning that could pose a major threat to home owners and property sales.“When the NFIP expired in 2010, over 1,300 home sales were disrupted every day as a result,” says NAR President William E. Brown. “That’s over 40,000 every month. Flood insurance is required for a mortgage in the 100-year floodpla
Pending home sales posted a strong rebound in February, soaring to the highest level in nearly a year and the second highest level in more than a decade, the National Association of REALTORS® reported Wednesday. All major regions saw an uptick in sales contracts last month.NAR’s Pending Home Sales Index, a forward-looking indicator based on contract signings, rose 5.5 percent month over month to an 112.3 reading in February. The index is now 2
A slight drop in mortgage rates last week did not lead to much mortgage activity. Total mortgage application volume—for refinances and home purchases—mostly stayed flat last week, dropping by a mere 0.8 percent compared to the previous week on a seasonally adjusted basis, the Mortgage Bankers Association reported Wednesday.The MBA reported the average for a 30-year fixed-rate mortgage dropped to 4.33 percent last week from 4.46 percent the we
While the national homeownership rate decreases, ownership rates among Hispanics are defying the trend with steady rises.The Hispanic homeownership rate grew to 46 percent last year, topping previous highs of 45.6 percent in 2015 and 45.4 percent in 2014, according to the National Association of Hispanic Real Estate Professionals’ 2016 State of Hispanic Homeownership Report.More than 7.3 million Hispanic households owned their homes in 2016, 3
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