Mortgage Bonds traded higher today, but did close off the highs of the session after the Fed statement was released at 2:00pm ET. Weaker than expected economic data helped to push prices higher this morning, but MBS couldn’t hold onto those gains. Sellers will be coming out the next few days with the uptick in refis….short term locking.
Real Estate with Tyson- First-Time Home Buyers Continue to Put Down Less Than 6%!According to the Realtors Confidence Index from the National Association of Realtors, 61% of first-time homebuyers purchased their homes with down payments below 6% in 2017. Many potential homebuyers believe that a 20% down payment is necessary to buy a home and have disqualified themselves without even trying, but in March, 71% of first-time buyers […]
- Want to Sell Your House Faster? Don’t Forget to Stage! [INFOGRAPHIC]Some Highlights: The National Association of Realtors surveyed their members & released the findings of their Profile of Home Staging. 62% of seller’s agents say that staging a home decreases the amount of time a home spends on the market. 50% of staged homes saw a 1-10% increase in dollar-value offers from buyers. 77% of buyer’s agents said staging made […]
- House-Buying Power at Near-Historic LevelsWe keep hearing that home affordability is approaching crisis levels. While this may be true in a few metros across the country, housing affordability is not a challenge in the clear majority of the country. In their most recent Real House Price Index, First American reported that consumer “house-buying power” is at “near-historic levels.” Their […] […]
- First-Time Home Buyers Continue to Put Down Less Than 6%!
