This week in preview we look to Thursday for the only real market moving reports, also I am recommending locking 30 day closings and floating longer transactions. Mortgage rates improved from last week. Volatility should be low this week. MBS are still pressed up against the 200 day moving average.
- What If I Wait A Year to Buy a Home?National home prices have increased by 5.4% since this time last year. Over that same time period, interest rates have remained near historic lows which has allowed many buyers to enter the market and lock in low rates. As a seller, you will likely be most concerned about ‘short-term price’ – where home values are headed over […]
- The Tale of Two Markets [INFOGRAPHIC]Some Highlights: An emerging trend for some time now has been the difference between available inventory and demand in the premium and luxury markets and that in the starter and trade-up markets and what those differences are doing to prices! Inventory continues to rise in the luxury and premium home markets which is causing prices to cool. Demand continues […]
- 2008 vs. Now: Are Owners Using Their Homes as ATMs Again?Over the last six years, we have experienced strong price appreciation which has increased home equity levels dramatically. As the number of “cash-out” refinances begins to approach numbers last seen during the crash, some are afraid that we may be repeating last decade’s mistake. However, a closer look at the numbers shows that homeowners are […]
- What If I Wait A Year to Buy a Home?