How much house can I afford? Long before you start asking yourself what type of house you want—condo or house? Craftsman or ranch?—you should ask yourself this pragmatic question. After all, it’s no secret that your dream home can quickly turn into a living nightmare if you’re struggling to save for a down payment or wonder how […]
Pending Home Sales Rise 1.6% in August, Led by Gains in the West
The numbers: An index of pending home sales increased 1.6% in August, following July’s decline, the National Association of Realtors reported Thursday. Compared with a year ago, contract signings were up 2.5%. The index captures transactions where a contract has been signed, but the home sale has not yet closed. What happened: This is only the […]
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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