by JHOAdmin | Aug 1, 2022 | News
Mortgage rates fell after rising for two straight weeks, another indication that recession concerns are impacting the U.S. housing market. The average rate on a 30-year fixed-rate mortgage dropped to 5.3%, mortgage-finance giant Freddie Mac said Thursday. That is down...
by JHOAdmin | Aug 1, 2022 | News
After a lifetime of hard work, two-plus years of dealing with COVID-19, and the current uncertain stretch of economic rockiness right around the curve, many older adults are chomping at the bit to exit the 9-to-5 hustle. Pronto. But, for more Americans, the idea of...
by JHOAdmin | Jul 22, 2022 | News
Rents continued their unprecedented surge upward in June—but there are signs that it won’t last forever. The median rent across the 50 largest metros climbed 14.1% year over year, to a median of $1,876, setting the record for highest rent ever tallied by Realtor.com®...
by JHOAdmin | Jul 22, 2022 | News
The 30-year fixed-rate mortgage averaged 5.54% as of July 21, according to data released by Freddie Mac on Thursday. That’s up 3 basis points from the previous week—one basis point is equal to one hundredth of a percentage point, or 1% of 1%. The average rate on the...
by JHOAdmin | Jun 15, 2022 | News
In the wake of the devastating housing crash of the late aughts—and the Great Recession it helped trigger—protections were put in place. Bad mortgages were scuttled. Lenders became far choosier on who could qualify for loans. Laws were passed to ensure the world’s...
by JHOAdmin | Jun 1, 2022 | News
Woo-hoo! You’ve decided to buy a new-construction home in a pretty, woodsy development, complete with that never-been-lived-in smell. But we’re here with a reality check to make sure you keep your money in your pocket where it belongs. Because even if you locked in a...
