Get ready to claim your REALTOR® domain name on the Internet. The National Association of REALTORS® announced that the new .REALTOR top-...Read More
“The flurry of purchases by institutional investors and other cash buyers that kicked off two years ago when U.S. home prices hit bottom is...Read More
Home owners with a lower credit score are finding that they could end up paying double for their homeowners insurance than those with stellar...Read More
By TOM REDDIN — The Charlotte Observer
As we head into the spring home-buying season, the housing market is picking up steam, and mortgage rates are still near historic lows. Many homebuyers are wondering where mortgage rates are heading this year as they consider purchasing a home.
Mortgage rates have ticked up a bit since the historic low recorded in November. According to Freddie Mac, rates in November hit 3.31 percent for a 30-year fixed-rate mortgage with 0.7 points paid at closing. As of Feb. 28, the average rate was 3.51 percent with 0.8 points paid. So rates have gradually risen since November, but are still near record lows and down from 3.90 percent at this time last year.
Let’s take a look at the market forces driving these conditions, and then I’ll give you my forecast on where mortgage ...
Read Full Article...