Wow, we are ALMOST sick of blogging about interest rates, because sometimes we sound like a broken record. Well, believe it or not, interest rates are yet again at another record low. Just when you think the bottom can’t go … Continue reading →
The U.S. will not become a nation of renters; there are just too many benefits, both financial and otherwise, to own versus rent. That’s according to the combined findings of several recent studies presented during the “Buyer or Renter Nation?” … Continue reading →
The latest Case Shiller Price Index indicates that housing prices are at the same level as they were in 2003. The only difference is that mortgage rates have dropped significantly. The infographic from the KCM Blog below illustrates the point: … Continue reading →
The nation’s homeownership rate ticked up in the third quarter compared with the second quarter, suggesting that the three-year decline in home ownership may be starting to bottom out. The rental vacancy rate also rose, a possible sign that rising … Continue reading →
According to the Freddie Mac mortgage agency, today the average rate on a 30-year fixed mortgage fell to the lowest rate ever, 3.94%. The average rate on a 15-year fixed-rate mortgage fell to 3.26%, also a record. Mortgage rates could … Continue reading →
You don’t have to look far these days to find a news report or article talking about the skyrocketing costs of renting. Over the past few years, the numbers of renters have swelled thanks to the influx of prior homeowners … Continue reading →