STOCKTON — Stockton made it into the Top 5 hottest housing markets in the nation based upon its median change in asking prices during the past month, according to the first ever RealtyHop Market Health Index. Stockton was ranked third for seeing only a -1.56 percent change in listing prices — or an average $4,999 […]
New Study: Down-Payment Assistance
Receiving financial assistance with a down payment won’t increase the chances of a home owner defaulting on their mortgage, according to a new study. A new working paper prepared for the Center for Household Financial Stability at the Federal Reserve Bank of St. Louis examined the performance track record for loans made with some form of down-payment […]
Mortgage Rates Fall Slightly, Giving the Housing Market More Room to Grow
Mortgage rates moved lower after two straight weeks of increases, which should allow the housing market to remain strong as we shift into the typically slower fall months. The 30-year fixed-rate mortgage averaged 3.64% during the week ending Sept. 26, falling nine basis points from the previous week, Freddie Mac reported Thursday. In 2019, mortgage rates have […]
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