Borrowing costs moved lower this week. But most economists aren’t predicting the trajectory to continue.This marked the first time in 10 weeks that mortgage rates moved lower, Freddie Mac reports."The 30-year mortgage rate fell this week for the first time since the presidential election, dropping 12 basis points to 4.20 percent,” says Sean Becketti, Freddie Mac’s chief economist. “This marks the first time since 2014 that mortgage rates
Selling extreme security features is becoming a common high-end amenity among luxury developments. But a new development popping up an hour outside of north Dallas is taking that to new levels.Trident Lakes is a 700-acre planned community that is being touted as unlike any other high-end suburban development. The subdivision is being promoted as an “ultimate safe haven” that provides “luxury life assistance.” Plus, the neighborhood is bei
The call for a greater number of entry-level homes may finally get answered in 2017. Inventories for entry-level homes has remained stubbornly low, greatly limiting the number of affordable homes to first-time home buyer.The number of available homes with less than 1,800 square feet has continued to decrease, reaching a new low of 16 percent, according to a recent report by Drew Reading, U.S. homebuilding analyst at Bloomberg Intelligence.More bu
You can build your business online on a shoestring budget, if you’re savvy enough, a recent article at Forbes.com notes. Columnist R.L. Adams offers some of the following tips on cost-effective ways to market your business better online:1. Blogging.“It does require passion, persistence, along with an inherent understanding of the subject matter and the ability to connect with your audience,” Adams notes. To be successful at it, you need to
When the days get darker and colder, an open house may not be as inviting to those living in colder climates. But there are some things you can do to warm potential buyers’ up to your open house.Broker-owner Joe Moshe with Charles Rutenberg Realty offers the following tips:Keep driveways and walkways clear. On snow days, make sure to shovel the walkway and driveway so the path to the home is clear. Apply rock salt or ice melt on pathways to hel
The supply of buildable lots is shrinking. That has prompted home builders to return to the abandoned lots left behind during the housing crisis in efforts to revive dwindling inventories of homes for-sale, The Wall Street Journal reports. A surplus of vacant lots and half-built subdivisions still remains across the country, serving as reminders of when the housing boom took an abrupt halt.Nearly two-thirds of builders reporting low to very low s
A new mortgage fraud scheme is taking a reverse approach to traditional occupancy scams. In the past, prospective investors have claimed they intend to take owner occupancy. Then, they are able to qualify for a better interest rate, lower fees, a smaller down payment, or higher loan amount than if they applied for a mortgage as an investor.But CoreLogic analyst Willa Wei is sounding the alarm on the growing incidence of a “reverse occupancy sch
Here’s a sobering stat: 80 percent of us fail to achieve our New Year’s goals by week two of February, according to clinical psychologist Joseph J. Luciani.Unless you can back your resolutions up with the “capacity to either sustain motivation or handle the inevitable stress and discomfort involved in change,” you’re doomed to fail, Luciani says.That also may mean being in the right place to effect change. WalletHub researchers crunched
Home prices nationwide, including distressed sales, rose year over year by 7.1 percent in November 2016 compared to November 2015, CoreLogic’s Home Price Index shows.Expect more price jumps ahead too, although at a more modest pace. Home prices likely will increase by 4.7 percent on a year-over-year basis from November 2016 to November 2017, according to CoreLogic’s forecasts.“Last summer’s very low mortgage rates sparked demand, and with
Mortgage application volume dropped sharply over the holidays, despite a drop in mortgage rates at the end of the year. Loan applications fell 12 percent for the week ending Dec. 30, 2016, on a seasonally adjusted basis compared to two weeks earlier, the Mortgage Bankers Association reported Wednesday. (The MBA did not report weekly volume last week.)"As mortgage rates continued their upward climb reaching the highest levels in more than two year
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