Home Buying

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

Most adult Gen Zers are tracking ahead of where their parents were at the same age, likely because they bought when rates were near record lows. SEATTLE— More than a quarter (26.3%) of adult Gen Zers owned a home in 2023, little change from the previous year. At the same time, homeownership among millennials and … Read more