Mortgage rates drop for Thursday

Monkey Business Images/Shutterstock.com Several benchmark mortgage rates trended down today. The average rates on 30-year fixed and 15-year fixed mortgages both fell. On the variable-mortgage side, the average rate on 5/1 adjustable-rate mortgages trended upward. Rates for mortgages are in a constant state of flux, but they remain low by historical standards. If you’re in…

Mortgage rates fall for Tuesday

DGLimages/Shutterstock.com Several key mortgage rates declined today. The average rates on 30-year fixed and 15-year fixed mortgages both declined. On the variable-mortgage side, the average rate on 5/1 adjustable-rate mortgages also ticked downward. Mortgage rates are in a constant state of flux, but they remain low by historical standards. If you’re in the market for…

Builder confidence subsides slightly in April

Homebuilder confidence slipped slightly in April, but experts point out that builders continue to show optimism, according to the National Association of Home Builders and Wells Fargo Housing Market Index. This dip comes just after President Donald Trump’s regulatory reform plans sent builder confidence soaring to a 12-year high in March. The index fell three points…

Are factory-made homes the future of housing?

Robots could be the answer to builders’ woes as they struggle to bring more inventory to the housing market among rising labor shortages. Currently, housing inventory rests at all-time lows, according to a recent report from Trulia. Construction workers are struggling to build enough homes to keep up with the market’s demand, a problem that…