Blog – Page 259 of 618

02 Jun 2022

Saving Up for Your Down Payment? Try These Money-saving Tips to Speed Things Up

Home Buyer TipsDown Payments, New Home, Real Estate

One of the most significant challenges that many people face when preparing to buy a first home relates to saving money for a down payment. While there are many different loan programs with varying down payment requirements, the fact is that it can still be difficult to save up a large sum of money. Some programs may require you to save as much as 10 percent or 20 percent of the sales price of the home. You can employ a few different tips and techniques to save money for a down payment more quickly, and these are some of the…

Where Buyers Tend To Compromise When Buying A Home

Real EstateHome Buying, New Home, Real Estate

If you are in the market for a home, it is important for you to think about what is most critical to your housing search. Unless you have an unlimited budget, you will probably have to compromise somewhere to make a competitive offer on a house you can afford. Every buyer is different, but there are a few common themes regarding where buyers tend to compromise when looking for a house. The Condition Of The Home One area where buyers tend to compromise is the condition of the house. Most buyers would prefer to purchase a new house that is…

What’s Ahead For Mortgage Rates This Week – May 31, 2022

Financial ReportsFinancial Report, Jobless Claims, Mortgage Rates

Last week’s economic reporting included readings on new and pending home sales, minutes from the Federal Reserve's recent Federal Open Market Committee meeting, and data on inflation. Weekly readings on mortgage rates and jobless claims were also released. New and Pending Home Sales Fall The annual pace of new home sales fell in April according to the Commerce Department. Year-over-year sales of new homes fell to a pace of 591,000 sales as compared to the March reading of 709,000 sales of new homes. Analysts expected a year-over-year pace of 750,000 new home sales in April. Rising home prices and mortgage…