Realty Biz

FEBRUARY 21, 2021

According to Freddie Mac, the average commitment rate for a 30-year, conventional, fixed-rate mortgage was 2.74% in January, up from 2.68% in December. The average commitment rate across all of 2020 was 3.11%. Lack of access to mortgage loans continues to inhibit further growth of the existing condominium market.

Sales

Marco Santarelli

MAY 22, 2024

All-cash transactions remained stable at 28% of total sales, with individual investors or second-home buyers contributing 16% to the market. Distressed sales, including foreclosures and short sales, held steady at 2% of total sales in April, reflecting overall market stability. from the previous year. to over 7%.

Mortgages

Marco Santarelli

JULY 11, 2022

The surprising uptick in sales of new single-family houses in the United States in May is likely to be short-lived as home prices continue to rise and the average contract rate for a 30-year fixed-rate mortgage hits 6 percent, decreasing affordability. million in May, down 3.6% million in April and down 7.7%

Sales

Marco Santarelli

AUGUST 5, 2020

The 30-year fixed-rate averaged 3.57% in the first quarter of 2020, down from 4.62% one year ago. The average monthly mortgage payment on a 30-year fixed-rate mortgage with a 20% down payment was $995, down from $1,048 a year ago. The current 30-year fixed-rate is averaged 3.15%.

Marketing

Marco Santarelli

AUGUST 27, 2020

The percent of Las Vegas homeowners underwater on their mortgage is 7.2%, which is higher than Las Vegas-Henderson-Paradise Metro at 7.1%. The number of mortgage delinquencies in Nevada had reached its lowest point in years. Las Vegas Realtors reported that short sales and foreclosures combined accounted for 2.7%

Marketing

Marco Santarelli

SEPTEMBER 5, 2020

The biggest mistake buyers make is sitting around waiting for sale prices to decline while their potential mortgage payment plummets. The average interest rate on a 30-year fixed-rate mortgage fell to a record low of 2.88%. The 15-year fixed-rate mortgage dropped to 2.44%.

Marketing

Marco Santarelli

JULY 23, 2022

Due to the crash, there may also be short sales and foreclosures, offering you the opportunity to acquire a deal. Many homebuyers may feel that obtaining a mortgage is too risky. Recessions are temporary pauses in an otherwise booming economy, but they have an impact on the housing market and interest rates. recessions.

Mortgages

Marco Santarelli

SEPTEMBER 7, 2020

The biggest mistake buyers make is sitting around waiting for sale prices to decline while their potential mortgage payment plummets. The average interest rate on a 30-year fixed-rate mortgage fell to a record low of 2.88%. The 15-year fixed-rate mortgage dropped to 2.44%.

Marketing

Realty Biz

SEPTEMBER 23, 2021

With interest rates still at record lows, many South Florida homeowners have refinanced their home loans. So not only are many homeowners paying lower mortgage payments today; they are doing so while their wealth (home equity) has significantly increased. Home equity can be tapped for renovations, college loans and more.

Sales

The Close

DECEMBER 29, 2022

Make sure clients who see an acceleration clause in their mortgage contracts understand that this allows their lender to demand repayment of the loan in full if they default on the loan. 4 Loan Questions Worth Asking. Basically, amortization is the preset schedule of mortgage loan payments, including interest, over time.

Purchase and sale agreement