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…

REALTORS® Demand Immediate Relief for Homeowners Impacted by Increases in Flood Insurance Premiums

Homeowners across the country should not be forced to pay for the sudden and dramatic flood insurance premium increases that are the unintended consequence of the Biggert-Waters Flood Insurance Reform Act of 2012, insisted the National Association of REALTORS® in testimony before the U.S. House Financial Services Subcommittee on Housing and Insurance. “We need a…

REALTORS® Report Americans Prefer to Live in Mixed-Use, Walkable Communities

Choosing a community is one of the most important factors for consumers as they consider buying home, and research by the National Association of Realtors® has consistently revealed that Americans prefer walkable, mixed-use neighborhoods and shorter commutes. According to NAR’s 2013 Community Preference Survey, 60 percent of respondents favor a neighborhood with a mix of…

Mortgage Rates Dip Slightly

By Marcy Gordon – WASHINGTON — Average U.S. rates for fixed mortgages declined this week but stayed close to their highest levels in two years. Mortgage buyer Freddie Mac said Thursday that the average rate on the 30-year loan fell to 4.51 percent. That’s down from 4.58 percent last week, the highest since July 2011.…

Homebuyers Beware: Mortgage Rates on the Rise

By MARCY GORDON – WASHINGTON — Average U.S. rates for fixed mortgages rose this week to their highest levels in two years, driven by heightened speculation that the Federal Reserve will slow its bond purchases later this year. Mortgage buyer Freddie Mac said Thursday that the average rate on the 30-year loan jumped to 4.58…

Are You Conversant with Millennial Culture?

Numbering 105 million, Millennials are larger than the Baby Boomer generation, and 20 percent bigger than the Gen X population. And Millennials are aging into home buying. According to the National Association of REALTORS® (NAR), among buyers under 32 years of age, 79 percent are first-timers. While all generations use the Internet as the first…