Category: Mortgage Market

Owning a Home is Still the Root of “The American Dream”
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Owning a Home is Still the Root of “The American Dream”

Mark Twain once said “The reports of my death are greatly exaggerated.” Believe it or not, this quote actually holds quite a bit of weight with regard to United States citizens and homeownership. The housing bubble burst of 2008 created an illegitimate idea that home ownership was no longer essential to fulfill “the American Dream.”...

The Real Estate Industry is Going to be Fine
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The Real Estate Industry is Going to be Fine

The National Association for Business Economic recently released their Economic Policy Survey for February 2019, disclosing that an economic down period is on the horizon. The panelists suggest that if a recession doesn’t happen in 2019, then it will happen in the years to follow. Many other sources have been predicting a slow economic period...

2019 FHA Loan Limits Will Be Raised
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2019 FHA Loan Limits Will Be Raised

The United States will see an increase in 2019 loan limits set by the Federal Housing Administration. Wealthier locations of the United States will have their loan limit raised to $726,525. This limit was previously set at $679,650. The floor will also be increased from $294,515 up to $314,827. Starting January 1st, 2019, these new...

The Cost of Rent Increases as Apartment Sizes Decrease
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The Cost of Rent Increases as Apartment Sizes Decrease

In many parts of the U.S. the size of apartments is dramatically shrinking while the price tag on renting is steadily rising. Most new apartments have an average square footage of 941. This is nearly 5% smaller than it was 10 years ago. Studio apartments are proving to be almost 10% smaller. Despite these smaller...

Mortgage Rates Step Back
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Mortgage Rates Step Back

MCLEAN, Va., Aug. 16, 2018 (GLOBE NEWSWIRE) — Freddie Mac(OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing that mortgage rates decreased slightly for the second consecutive week. Sam Khater, Freddie Mac’s chief economist, says mortgage rates remained mostly flat over the past week, which has been the dominant theme...

HUD and Census Bureau Report New Residential Sales in September 2017
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HUD and Census Bureau Report New Residential Sales in September 2017

WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau today jointly announced the following new residential sales statistics for September 2017: NEW HOME SALES Sales of new single-family houses in September 2017 were at a seasonally adjusted annual rate of 667,000, according to estimates released jointly today by...