This week, the average U.S. fixed rate for a 30-year mortgage averaged 3.51%, dropping to the second-lowest level in three years. The pace is now 95 basis points below the 4.46% rate of the same week last year, according to the Freddie Mac Primary Mortgage Market Survey. "This week's mortgage r...
KEEP READINGHere's proof the housing market bounced back after the market crashedHousing production had a long way to go in order to catch up after the recession, with a shortage of homebuilding materials, shortage of labor and the lingering economic effects of the crisis impacting homebuilding. Despi...
KEEP READINGVA loans are now more than 40% of Ginnie Mae's portfolioGinnie Mae, the government agency that issues mortgage bonds backed by Federal Housing Administration and Department of Veterans Affairs loans, now insures more than $2.1 trillion in mortgages. That figure has increased by more t...
KEEP READINGHousing could fuel economic growth for the first part of 2020, a new economic outlook from Fannie Mae shows. Fannie Mae upgraded its economic outlook to a gross domestic product growth of 1.9% in 2020, according to its latest commentary from the Economic and Strategic Research Group. This is due ...
KEEP READINGSales of new homes probably will rise to a 13-year high in 2020 as the U.S. dodges a recession, according to Lawrence Yun, chief economist of the National Association of Realtors. New-home sales probably will jump 11% to 750,000, according to Yun's new forecast, which would be the highest readin...
KEEP READINGThis week, the average U.S. fixed rate for a 30-year mortgage rose to 3.69%. That's 9 basis points below last week's 3.78% and still more than a percentage point below the 4.94% of the year-earlier week, according to the Freddie Mac Primary Mortgage Market Survey. "After a year-long slide, mortg...
KEEP READINGA flood of first-time homebuyers is about to hit the market over the next three years, according to newly released analysis from TransUnion. TransUnion is currently projecting that at least 8.3 million first-time homebuyers will enter the mortgage market between 2020 and 2022. &n...
KEEP READINGReport projects 3% home price growth through end of yearIn August, Capital Economics predicted an increase in home prices due to low mortgage rates. The August report predicted a 3% increase in home price growth. And now, the economic research consultancy is doubling down on that rate projection...
KEEP READINGThe Department of Veterans Affairs said it refunded more than $400 million in loan fees that were incorrectly charged after a multi-year review of millions of mortgages issued over the last two decades. Veterans who were eligible for a refund were contacted via letters sent in the U.S. mail, acc...
KEEP READINGMortgage rates likely will stay below 4% through 2020, Frank Nothaft says CoreLogic Chief Economist Frank Nothaft said the pace of home-price gains will quicken over the next 12 months as low mortgage rates give buyers the ability to pay more for properties. Home prices probably...
KEEP READINGBank of America survey reveals insight into homebuyers’ attitudes towards owning Despite recent data from Freddie Mac showing that more than 80% of renters view renting as more affordable than buying a home, new data from Bank of America shows that the vast majority of renters who made the plun...
KEEP READINGThe average U.S. rate for a 30-year fixed mortgage fell to another three-year low this week, according to the latest Freddie Mac Primary Mortgage Market Survey. According to the company’s data, the 30-year fixed-rate mortgage averaged 3.55% for the week ending August 22, 2019, down from last wee...
KEEP READINGWe are so excited to announce that the PCI family is expanding to the River Valley! With the opening of PCI Durham Title, our clients gain a much bigger service area and two experienced title professionals, Nate Durham and Brittany Morrison. We are looking forward to their success, and our contin...
KEEP READINGCivic Financial Services, a private money lender that focuses on loans for property investors, recently launched a correspondent lending channel, allowing lenders to close real estate investor loans in their names. And now, the company is expanding its offerings again.Civic announced this week t...
KEEP READINGWe are so proud and excited to announce that we are the first title company in Arkansas to partner with CertifID. With wire fraud on the rise, we've decided to use CertifID to protect your money when you go to buy or sell a home with us as your title company. CertifID is a real-time identity plat...
KEEP READINGThe value of all U.S. owner-occupied homes increased to a record $26.1 trillion in the first quarter, according to a Federal Reserve report released Thursday known as the Flow of Funds. That was a gain of 4.3% from a year earlier, the slowest annualized increase since 2012. The collective value...
KEEP READINGThe New York City real estate market posted a record-breaking sale this week when former hedge fund manager Peter Falcone’s Upper East Side townhouse sold for $80 million – making it the most expensive residential sale in the city ever. The double-wide townhouse – originally built as two indepen...
KEEP READINGPublished on May 15, 2019 - By Tim EllisIn April, the nation's home-sale prices stabilized, rising 2.8% from 2018 levels, according to new data from Redfin. This means U.S. home-sale prices reached a median of $307,000 in April, marking a rebound from March's annual price decline. Additiona...
KEEP READINGOriginally published on May 1, 2019 from Housing Wire magazine. By Rich Swerbinsky.When Zillow acquired Mortgage Lenders of America last summer, it led to a lot of industry speculation as to what its future aspirations were related to the financing side of real estate transactions. The need to h...
KEEP READINGAn open house is a great way for sellers to put their property on display. While the goal is to attract serious home shoppers, you can't really predict who will show up—or what they'll do once they walk through the door. You may get the harmless nosy neighbor who stops by to check out your remode...
KEEP READINGAnother year, another article telling you how to spring-clean your home. Not so! In fact, we’re here to tell you what not to do when giving your house the deep clean it so deserves this time of year. Here are 10 cleaning mistakes you’ll want to avoid this spring. 1. Starting without a plan of a...
KEEP READINGBENTONVILLE, Ark. (KFSM) — The Exit 86 ramps on Interstate 49 will close for three months as crews work to improve the Arkansas 102/U.S. 62 interchange, according to the Arkansas Department of Transportation (ARDOT). Weather permitting, crews will close the northbound on-ramp and southbound off-...
KEEP READINGAppraisal: an opinion or estimate of value of property resulting from analysis of facts about the property.Annual Percentage Rate (APR): The borrower's costs of the loan term expressed as a rate. This is not their interest rate.Beneficiary: The recipient of benefits, often from a deeds of trust, ...
KEEP READINGThe 25 worst passwords of 2018, based on 5 million passwords leaked on the internetHave we learned nothing from the numerous hacks and leaks in recent memory? Apparently not. Password-management company SplashData released its annual list of the 100 worst passwords of the year based o...
KEEP READINGWelcome to the new and improved website for PCI Advance Title. Since we started this company, we've been obsessed with finding better ways to serve Northwest Arkansas. With this update, we are continuing to up the ante for local title companies. Our resources are easy to use and informative. If y...
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