MIAMI – With the cost of homes out of reach for many families, developers in South Florida are now adding annexes to new construction, allowing relatives to live under the same roof. The extra space comes with a room or two and its own kitchen, much like those in-law quarters added to older homes. The built-in apartments … Read more
NEW YORK – In back-to-back months, Mr. Cooper and LoanDepot — two of the nation’s largest mortgage lenders — made headlines for experiencing cyberattacks that exposed the data of more than 30 million people combined. Mortgage lenders haven’t been the only recent targets. Title insurance companies Fidelity National Financial and First American Financial each experienced … Read more
Rates on 30-year mortgages ticked up this week, but forecasters remain optimistic they will hover around 6% by the end of the year. LOS ANGELES — The average long-term U.S. mortgage rate rose this week to its highest level in 10 weeks, a setback for prospective homebuyers ahead of the spring homebuying season. The average … Read more
NEW YORK — Money might not be the most romantic topic for Valentine’s Day, but talking about finances with your significant other is a key element of a healthy relationship. Money problems are one of the most common reasons couples separate, said Emily Simonian, head of clinical learning at Thriveworks, a mental health company. In … Read more
Buyers with good credit scores have a better chance at lower mortgage rates. Here are some tips for improving those scores. NEW YORK – If you intend to buy a new home, or if you intend to take out a loan in the near future for any other reason, you obviously want to have the … Read more
A Valentine’s Day surprise: Love does not just prompt home buying, but home buying appears to prompt love as well, a recent survey found. ©Florida Realtors® Source link
The average long-term rate remains in the mid-6% range, Freddie Mac said. The rate on a 15-year fixed-rate mortgage, popular for home refinances, fell to 5.90% from 5.94% last week. LOS ANGELES— The average long-term U.S. mortgage rate edged higher this week, reflecting a recent uptick in the 10-year Treasury yield. The average rate on … Read more
Despite predictions housing prices would come down, values keep rising in 2024. The reason? The tight inventory. WASHINGTON – Much to the chagrin of would-be homebuyers, property prices just keep rising. It seems nothing — not even the highest mortgage rates in nearly 23 years — can stop the continued climb of home prices. Prices … Read more
Floridians anticipate a positive economic outcome in the coming year, bolstered by a strong market and low unemployment, a University of Florida survey found. GAINESVILLE, Fla. – Consumer sentiment among Floridians started the year at the highest level over the last two years, highlighting residents’ positive outlook about the future of the economy and personal … Read more
Many Americans say renting suits their lifestyle more than owning right now. The decision to rent or buy is a complex one, a new survey found. NEW YORK – Last year was tough for potential home buyers: Prices and mortgage rates were high, while the number of homes available was low. But even if rates … Read more
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