Sentences with phrase «low mortgage interest»

With low mortgage interest rates and rising home values and creative financing, many homebuyers splurged on upgrades and larger homes in the 2000s.

«With home prices in a broad trough and historically low mortgage interest rates, high housing affordability conditions and rising rents could stimulate a more rapid sales recovery if banks get back into the business of lending to more creditworthy borrowers,» Yun said.

Those who have financial security and a lifestyle reason to move have a unique opportunity to take advantage of historically low mortgage interest rates.

Irvine's moderate number of homes for sale, continued solid buyer demand, low mortgage interest rates, and... Continue reading →

Buyers could wait for better market conditions, but the present alignment of low mortgage interest rates, slowing home prices, rising rents and pent - up demand add up to great reasons to buy a home right now.

Astonishingly low mortgage interest rates give buyers more buying power — the ability to buy more home for the money!

Even with today's low mortgage interest rates, the housing inventory is increasing and price appreciation is slowing.

«As expected, sales are slowing down now that the home buyer tax credit has expired, but record - low mortgage interest rates, along with stable and affordable home prices in most areas, provide opportunities for buyers who weren't able to take advantage of the credit,» she said.

Irvine's moderate number of homes for sale, continued solid buyer demand, low mortgage interest rates, and multiple offers will be the norm.

NAR President Vicki Cox Golder says record low mortgage interest rates will help cushion a summer slowdown.

To take advantage of near - record low mortgage interest rates and home prices undervalued by as much as three percent nationwide, now is a great time to buy a home.

As the sluggish U.S. economy continues to lag, so does the rise in housing options, with more affordable prices and historically low mortgage interest...

WASHINGTON, D.C. — Low mortgage interest rates should be an incentive to potential homebuyers for months to come, say NAR economists.

As the sluggish U.S. economy continues to lag, so does the rise in housing options, with more affordable prices and historically low mortgage interest rates.

Canadians are benefiting over the relatively recent short - term from an artificially stimulated economy... historically low mortgage interest borrowing rates and low new vehicle in - house borrowing rates... period.

«Record - low mortgage interest rates clearly are helping many home buyers, but tight inventory and restrictive mortgage underwriting standards are limiting sales,» says Lawrence Yun, the NAR's chief economist.

Record low mortgage interest rates and an over-correction in home prices have opened the door to many potential buyers,» he explains.

Low mortgage interest rates and low inventory have combined to create a supply and demand combo that has created a house - buying fever.

Compared with a year ago, the median price of a home sold in the Chicago area in April again posted a double - digit percentage gain, as it did in March, potentially creating affordability issues for buyers despite continued low mortgage interest rates.

«The uptrend in home sales is in line with all of the underlying fundamentals — pent - up household formation, record - low mortgage interest rates, bargain home prices, sustained job creation and rising rents.»

Surging sales were attributed to low mortgage interest rates in the first quarter.

While the decision to own a home is a personal one, for people with good jobs and strong credit, today's low mortgage interest rates and continued affordability make now a good time to buy a home.

«Home values are high, but affordability, while suffering a bit lately, is still okay, largely because of very low mortgage interest rates helping to keep monthly mortgage payments in check,» says Dr. Svenja Gudell, chief economist at Zillow.

Lower home prices and record - low mortgage interest rates may be attracting buyers to the housing market — more than one - fourth of renters said they are thinking more about buying a home than they were a year ago.

Consumer confidence combined with near historic low mortgage interest rates is fueling the residential real estate industry's resurgence, and industry leaders are reporting that many leading REALTORS ® from around the country are experiencing a tremendous uptick in consumer interest and transactions that they haven't seen in more than five years.

«Historically low mortgage interest rates are encouraging many buyers who were on the sidelines,» he said.

First - time home buyers from middle class families have used family help in raising down payments, but those who can't obtain financial assistance from their families can't afford to buy homes, even at these extremely low mortgage interest rates.

«Record low mortgage interest rates, job growth and bargain home prices are giving more consumers the confidence they need to enter the market.»

Sixteen percent are not moving up due to their low mortgage interest rate (and 13 percent due to their low property taxes), 15 percent are remaining in place because they recently bought their home (a reason reported by 27 percent of millennial homeowners), and another 13 percent are staying put to make upgrades.

A stable job market and sustained low mortgage interest rates continue to increase property prices.»

«Although low mortgage interest rates are welcome, they are less meaningful compared to the tightness of loan underwriting standards,» Yun noted.

«It might be easy to assume another bubble is emerging, with home values growing 10 or 12 percent per year, but don't worry — the market is reacting to basic economic laws, and is behaving exactly the way we would expect it to given good overall growth, limited supply of homes for sale and decent housing affordability thanks to low mortgage interest rates,» Gudell says.

One of the major reasons for the increase in the number of first - time buyers is the realisation that low mortgage interest rates has meant that mortgage payments generally are cheaper than renting (particularly in London and the south - east) subject to first - time buyers having a suitable deposit to contribute towards the purchase price.

At Bank of Internet USA, our innovative branchless banking model allows us to offer industry - leading low mortgage interest rates.

However I have done a lot of options - weighing and have determined that with such a relatively low mortgage interest rate (after taxes yours is less than 4.5 % — mine's a bit lower) I am much better off to max out my retirement accounts before paying any extra on my mortgage.

Today's low mortgage interest rates can make homeownership look very affordable, but remember that the monthly payment is just the beginning.

«The affordability of for - sale homes remains strong, which is encouraging for those buyers that can save for a down payment and capitalize on low mortgage interest rates... As rents keep rising, along with interest rates and home values, saving for a down payment and attaining homeownership becomes that much more difficult for millions of current renters.»

The low (and falling) unemployment rate certainly suggests the former is very achievable; incredibly low mortgage interest rates mean the latter is theoretically more possible than ever (at least in most markets), despite rising home prices.

In this environment getting a low mortgage interest rate is still possible you just have to know how to do it.

Many borrowers have refinanced in the past few years due to the historically low mortgage interest rates.

While now is undoubtedly a buyer's market, and you may hope to take advantage of a low mortgage interest rate, there are few things you should consider before jumping into the purchase of a home.

Loan guarantees: The USDA guarantees a mortgage issued by a participating local lender — similar to an FHA loan and VA - backed loans — allowing you to get low mortgage interest rates, even without a down payment.

Inevitably interest rates will rise and for this reason it makes sense to lock into a great low mortgage interest rate sooner rather than later.

For many, this has created some challenges to refinancing and taking advantage of today's super low mortgage interest rates.

By now, everyone knows the story: Throughout the recovery, home values rebounded strongly and income growth (until very recently) has been weak at best — leading to a housing affordability pinch for many, particularly renters unable to take advantage of historically low mortgage interest rates.

Luckily, we are in a prolonged period of historically low mortgage interest rates, making home ownership astonishingly affordable.

«When combined with the sharp drop in home prices, today's low mortgage interest rates have made owning a home more affordable than at any time since the 1970s.»

At the current low mortgage interest rates, is it better to pay as much downpayment as one can afford, or pay 5 - 20 % and invest the rest, hoping for higher than 3.5 % returns?

This is only possible with historically low mortgage interest rates.

Low Mortgage Interest Rates Spark FHA Refinance Sector Of the FHA loan applications, 45,945 applied for purchase loans while 82,494 applied to refinance their existing loans.