Buyers are about to have an easier time scoring a mortgage to purchase a condo. A new policy announced this week should significantly expand the number of individual condo units as well as condo developments eligible for Federal Housing Administration financing. The government-backed mortgages are popular with first-time buyers because they require as little as 3.5% […]
Mortgage Rates Fall Sharply as Trade Concerns Mount
Mortgage rates dropped significantly over the past week as concerns related to the ongoing trade dispute with China and the overall health of the economy dominated headlines. The 30-year fixed-rate mortgage averaged 3.6% during the week ending Aug. 8, down 15 basis points from the previous week, Freddie Mac reported Thursday. This is the lowest mortgage […]
High Times: Is Cannabis the New Secret Ingredient for Luxury Real Estate Sales?
Everyone needs a gimmick—including high-end real estate. In fact, the higher, the better in states that have legalized recreational marijuana. Real estate agents and developers are just beginning to use cannabis to appeal to buyers of luxury properties. And the trend is expected to catch fire—instead of going up in smoke. Last month, a luxury […]
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