For Some, It Literally Pays to Shop Around for a Mortgage
Shopping for the best mortgage rate generally matters more for homebuyers with lower credit because there is more variation in the quotes they receive.
Mortgage Rates Pop on U.S.-China Trade Talks
Even in a busy week for economic data, it was once again trade discussions between the U.S. and China that dictated rates’ movements.
Experts: It May Take Years for Home Building to Get Back to Historic Levels
Today’s slow pace of single-family home building isn’t expected to get back to historic norms until 2022 or later, according to a Zillow survey of experts.
Manufacturing Miss Pushes Rates Down Further
The contraction was the latest sign that the U.S.-China trade war is doing real damage to the economy.
Rates Near Three-Year Lows, As Connection With Yields Remains Frayed
Rates remain near three-year lows, but in recent weeks have not dropped nearly as low as we would expect given the fact that bond yields have fallen markedly over the same timeframe.
June Case-Shiller Results and July Forecast: Phoenix Posts Largest YoY Gains
Would-be buyers stand with pre-approved mortgages in hand. However, they’ve become unwilling to pay escalating prices for the relatively low inventory of homes that are on the market and instead are making sellers wait and even drop list prices.
Starting Salaries for Teachers Don’t Pay the Rent
For many teachers, back to school means a return to their regular jobs from summer gigs that supplement their incomes and help them -- literally -- pay the rent. Nationally, the median market-rate rent takes a staggering 46.8% of a starting teacher’s salary.
New Home Sales (July): A Step Back, But Still on Pace for Best Year Since 2007
Today’s figures are on a host of monthly revisions that together indicate a robust trend. Sales are now up 4% year-to-date, with 2019 on pace to be the best year for new home sales since 2007.
