Low home prices and mortgage rates have combined to push home affordability to record levels nationwide. Home buyers are taking advantage.
The government confirms what the private-sector Case-Shiller Index reported yesterday. Nationwide, average home values slipped in October.
According to the Census Bureau, the number of new homes sold rose 2 percent in November, taking the metric to a 7-month high.
Mortgage markets worsened last week on renewed optimism from the Eurozone, additional evidence of a U.S. economic recovery, and ongoing strength in housing.
Time is running out to boost to your 2011 federal tax refund. All that’s required is to make your January 2012 mortgage payment while it’s still December.
Home resales moved to a 10-month high in November, the latest in a series of strong showings from the housing sector.
According to the U.S. Census Bureau, Single-Family Housing Starts rose to 447,000 units on a seasonally-adjusted, annualized basis in November — a 2 percent increase from October.
In another good sign for the housing market, today’s home builders believe that the housing market has turned a corner. Homebuilder confidence is at a 19-month high.
Given global economic conditions and the mortgage bond market’s status as a “safe market”, the failure of rates to fall last week suggests that this may be as low as mortgage rates get. It’s time to look at locking in.
As mortgage rates drop, so do housing payments. It’s a good time to consider refinancing your home, or making an offer on a new one. Mortgage payment affordability has never been so high in history.