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Mortgage Rate Update November 17, 2015
Mortgage rates for 30-year fixed mortgages fell this week, with the current rate borrowers were quoted on Zillow at 3.79 percent, down 4 basis points from last week. The 30-year fixed mortgage rate fell Friday, then hovered around 3.80 percent before dipping to the current rate on Tuesday. “Last week, mortgage rates remained flat until weak U.S. economic data and stronger than expected oil supplies caused a drop at the week’s end,” said Erin Lantz, vice president of mortgages at Zillow. “Rates are unlikely to...
Mortgage Rate Update – April 29, 2015
Mortgage rates for 30-year fixed mortgages rose this week, with the rate borrowers were quoted on Zillow Mortgages at 3.61 percent on Tuesday, up 8 basis points from the same time last week. The 30-year fixed mortgage rate rose early in the week, then hovered around 3.60 percent before rising to the current rate Tuesday. “Rates were essentially flat last week, remaining in the range they have been in for the past month,” saidErin Lantz, vice president of mortgages at Zillow. “This week we expect...
Getting Mortgages Is Now Considerably Easier Than a Year Ago
If you are hesitant to start the home buying process due to fear of getting a mortgage, you do not need to worry! Getting mortgages is now much easier, compared to last year, according to the Zillow Mortgage Access Index (ZMAI). In 2007 which is when the housing crisis hit, mortgages were much harder to come by with the worst period being in September of 2010. Before this time, they peaked in 2004 and has been a decline since then, until...
Hampton Roads Home Sales up in Q4 2014
Across Hampton Roads, home sales seem to be rebounding in the past quarter. In comparison to 2013, Realtors have sold about 2.3% more homes across Hampton Roads. In the bigger scheme of things, there was an overall 4.9% increase in real estate sales in comparison to Quarter 4 of 2013. Hampton Roads includes Newport New, Hampton, Poquoson, Williamsburg, Norfolk, Chesapeake, Virginia Beach, Suffolk, Portsmouth, the Middle Peninsula, the Eastern Shore, and James City and York counties. The median price for...
September 2014 RE/MAX National Housing Report
For the first time in 2014, home sales reached a level higher than one year ago. Following an expected seasonal trend, September home sales were 10.4% lower than sales in August. However, sales pushed past the mark set in September 2013 by 0.9%. Sales throughout 2014 remained just below those in 2013, but finally in September sales inched above those one year ago. Watch the video below for more September 2014 Home Stats This year is a great time to...
Sandbridge June 2013 Market Update
There were 5 houses recorded as Closed Sales in Sandbridge for June, 2013. This is dramatically below the 10 houses that closed in June of 2012. The Median Sales price for this year was slightly higher than 2012, this slight uptick has been consistent over the last several months. 4 Sandbridge Condominiums sold in June which was double the 2012 result. Sales prices for condos ranged from $365,000 to $749,000. The resolution of the lawsuit against the Sandbridge Dunes developer and...