Real Estate 2014: The New Wisdom

By Beth Pinsker – When the housing bubble burst, a damage-control mentality replaced decades of conventional real estate wisdom. With the housing market now rebounding, there is still uncertainty. The old rules — such as getting a fixed-rate mortgage and refinancing when you can — don’t apply. But the post-bust rules don’t work either. “There’s a…

New Home Sales Not So Merry in December

  By Lucia Mutikani – WASHINGTON — Sales of new U.S. single-family homes fell more than expected in December, but lean inventories and steady price gains suggested sufficient strength in the housing market to support the economy. Other data released Monday showed that the private sector maintained its growth pace in January. The Commerce Department said…

Home Mortgage Rates Head Down Again

  WASHINGTON — Average U.S. rates on fixed mortgages declined this week after two weeks of increases, keeping home-buying affordable. Mortgage buyer Freddie Mac said Thursday that the average rate on the 30-year loan fell to 4.22 percent from to 4.35 percent last week. The average on the 15-year fixed mortgage dipped to 3.27 percent…

Realogy CEO: ‘Tea Leaves’ Say Real Estate on Path to Sustainable Recovery

Taking a research-packed deep dive into the real estate recovery, Realogy Franchise Group President & CEO Alex Perriello kicked off RISMedia’s 2013 Real Estate CEO Exchange with a State of the Industry Address: “The Road to Recovery: How Far We’ve Come, What Has Changed, and What Lies Ahead.” As Perriello explained to the audience of…

Average 30-Year Mortgage Rate Down to 4.32%

WASHINGTON — Average U.S. rates on fixed mortgages fell this week to their lowest point in two months. The decline follows the Federal Reserve’s decision last week to hold off slowing its monthly bond purchases. Mortgage buyer Freddie Mac says the average rate on the 30-year loan dropped to 4.32 percent from 4.50 percent last…

Now Is the Time to Lock Your Rate

For consumers and borrowers looking to secure a mortgage, locking in to the lowest rate possible is critical to your success. A mortgage rate lock enables borrowers to lock in the original rate that they were quoted when they first applied for a loan from their lender. Not all lenders allow borrowers to lock in…