Kathy Orton, The Washington Post Published 9:19 am CDT, Thursday, July 26, 2018 Photo: Phillip Spears/Getty Images Image 1of/1 CaptionClose Image 1 of 1 According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average rose to its highest level in a month. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average rose to its highest level in a month. Photo: Phillip Spears/Getty Images Signs point to mortgage rates rising, making home-buying more expensive 1 / 1 Back to Gallery Mortgage rates, which have been in a rut the past couple months, began moving higher this week. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average rose to its highest level in a month. It grew to 4.54 percent with an average 0.5 … [Read more...] about Signs point to mortgage rates rising, making home-buying more expensive
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Ryan Randazzo Arizona Republic Published 1:00 p.m. UTC Jul 4, 2018 Arizona's endless sunshine continues to make rooftop solar panels an enticing proposal for homeowners. Already, tens of thousands of Arizonans have installed panels to make electricity for them, and falling prices and new financing options continue to draw consumer interest. But homeowners should consider several questions before deciding to install rooftop panels. Here are 10 primary considerations you should think about before signing a contract: 1. Trees reduce output, savings Solar panels need direct sunlight, so homes heavily shaded by trees are not good candidates, officials from American Solar and Roofing and SunHarvest Solar say. Although some homeowners opt to cut down trees to accommodate solar panels, homeowners should consider whether the cooling shade the trees provide outweighs the benefits of solar panels. In some cases in which a home is only partially shaded, the panels can be installed … [Read more...] about Should you install solar on your home? 10 key considerations
Catherine Reagor Arizona Republic Published 12:00 p.m. UTC Jun 17, 2018 Many real-estate agents, lenders and home sellers are seeing more Millennials purchasing their first house in the Phoenix area. Why, then, are FHA loans falling? Government-backed Federal Housing Administration loans, used mainly by first-time buyers, are down 24 percent in the Phoenix area from last year. Most first-time buyers aren’t paying cash, so they have to be getting other types of mortgages. “The drop in FHA loans is puzzling because the signs show there are more first-time buyers in the market,” said metro Phoenix housing analyst Tom Ruff of The Information Market, owned by the Arizona Regional Multiple Listing Service. "I think these buyers are coming up with bigger down payments and opting for other mortgages with better rates and costs.” That’s a good thing for first-time buyers and the housing market. FHA not always best deal Though FHA loans … [Read more...] about FHA loans plummet in metro Phoenix, but that may be a good thing for Millennials
If you’ve already ventured out into the red-hot world of Denver residential real estate, you know buying a home in this molten market isn’t as easy as walking into a showing and shouting “I’ll take it!” Conversely, there is a perception out there that all it takes to sell a home a mile above sea level is putting a for sale sign in the yard and sitting back while a bidding war ensues. Maybe closer to reality, but not the wisest way to go about it if you want the best results. We talked to Realtors, loan originators and nonprofit home-buyer educators about the best strategies for people on both sides of the home sale transaction. Below are five tips for home buyers — and five for home sellers — for how best to navigate the choppy seas of a residential real estate market featuring epic demand and low, low inventory. Home buyers 1) Research the process Just because you think you’re ready to buy a home doesn’t mean you are. Seek out … [Read more...] about Key-turning tips for homebuyers — and for home sellers — in Denver’s molten market
Sections SEARCH Skip to content Skip to site index Subscribe Log In Subscribe Log In Advertisement Supported by ByTara Siegel Bernard June 1, 2018 For aspiring homeowners, coming up with a healthy down payment has long been the biggest obstacle to owning a home. With property values soaring in many areas — median prices in San Jose, Calif., and Denver are 60 percent above their prerecession peaks — the barrier is rising. That has some firms promoting unconventional ways to scrape together a down payment, including crowdfunding and using Airbnb rental income. Now, a small but growing number of home buyers are trying something different: asking an outside investor to put down money alongside them. It is called shared equity, and Unison, a company based in San Francisco, is the largest of a handful of firms putting it to work. Unison will provide at least half of a consumer’s down payment in exchange for a piece of any … [Read more...] about Getting Down Payment Help Now. Sharing Home’s Gain (or Loss) Later.