rising interest rates: Wondering Whether To Buy That Home Before The End of 2013?
- 12/23/13 03:50 AM
If you are one of those home buyers that has been watching and wondering if you should buy a house before the new year, HomeFinder.com says now is your time. In fact, they give us 5 reasons to buy now versus in 2014. 1. Avoid rising interest rates. Currently, interest rates have risen 2% in 2013, and the Mortgage Bankers Association has projected to rise another 5% throughout the next year. One mortgage professional commented that, “if you buy now and rates drop, you can always refinance, but if you wait and rates rise, you are stuck.” 2. New Lending … (1 comments)
rising interest rates: Mortgage Standards Standing Firm
- 11/07/13 05:05 AM
Mortgage standards don’t appear to be budging, even though over the third quarter of 2013 we have seen interest rates rise, causing fewer refinances and a lower demand for mortgages. The Federal Reserve conducted a survey over the first half of October, of federal loan officers in 73 domestic banks and 22 international branches, in regards to a 1% rise in interest rates for a 30 year fixed mortgage in 3Q13. The survey found that 80% of banks did not adjust their credit standards at all, while 15% of banks admitted to lowering their standards slightly. Erik Johnson, senior U.S. … (0 comments)
rising interest rates: Rising Interest Rates – Not So Much Concern?
- 08/06/13 06:44 AM
Redfin, released a new survey regarding how rising interest rates are affecting buyers in the real estate market. Many in the industry feel that it will deter buyers from moving forward creating a substantial decrease in the progress the housing market has made from 2012 to 2013, which more than doubled in buyer activity year over year. The poll taken showed that 47% of people expressed concern that the rising interest rates would decrease buyer demand. 32% expressed little concern, if any, about rising interest rates. However, Redfin revealed that 45% of potential buyers still feel it is a great … (1 comments)
rising interest rates: Single Women Buy Homes Differently Than Men, and More Of Them.
- 07/25/13 09:18 AM
The debate between man and woman goes on. For single adults, the property one might buy could very well come down to their gender. It seems that single women are purchasing more homes today. In July of 2013, Redfin reported an increasing number of single female homeowners. Their data was compiled not only from their own Real Time Home Buyer report, but also from the National Association of Realtors, US News and World Report, and Loans.org. Redfin’s July, 2013 Real Time Home Buyer report consisted of over 1,300 active buyers that participated in Redfin home tours. According to the National Association … (2 comments)
If you are one of those home buyers that has been watching and wondering if you should buy a house before the new year, HomeFinder.com says now is your time. 
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