On Wednesday, Google updated its search engine with new tools for people buying mortgages, including a calculator, recent average mortgage rates, and key terms that homebuyers may need to know during the mortgage purchase process. Google partnered with the Office of Consumer Financial Protection to launch the new tools because …
Read More »Existing home sales increased nearly 21% in June, a record monthly gain
A real estate agent, right, shows potential buyers a property in Newport Beach, California. Jamie Rector | Bloomberg | fake pictures Existing home sales increased nearly 21% in June compared to May, according to the National Association of Realtors. It was the biggest monthly gain since Real Estate Agents began …
Read More »Weekly demand for mortgages from home buyers increases more, 19% annually
As temperatures soar this summer, demand from home buyers is increasing. Add that to an already strong refinance market, and the total volume of mortgage applications increased 4.1% last week from the previous week, according to the Association of Mortgage Bankers. Helping to fuel demand, mortgage rates hovered near a …
Read More »The proportion of Americans who default on their mortgage payments falls to the lowest level in two months.
Fewer Americans now have agreements with their mortgage servicers to skip their monthly payments. Getty Images / iStockphoto Fewer than 4 million homeowners in the US skip their mortgage payments, according to new estimates by the Mortgage Bankers Association released Monday. The business group reported that only 7.8% of mortgage …
Read More »Home Builders Sentiment Returns to Pre-Coronavirus Pandemic
An aerial view of a construction worker roofing an apartment on May 27, 2020 in Uniondale, New York. Al Bello | fake pictures To find a V-shaped recovery from the economic remnants of the coronavirus pandemic, look at the nation’s single-family home builders. Homebuilders sentiment rose 14 points to 72 …
Read More »