Last week saw a slight decrease in mortgage rates, resulting in a consecutive two-week surge in mortgage demand. Compared to the previous week, total mortgage applications rose by 7.1%, according to the Mortgage Bankers Association's seasonally adjusted index. On average, the contract interest... more
by Biazowa 
Recent sales data from the California Association of Realtors reveals a robust rebound in home sales and inventory in California at the start of this year, following months of subdued activity. In January, there was a notable 14.4% increase in the number of homes sold compared to December,... more
by Biazowa 
Following the U.S. Federal Reserve's recent announcement of maintaining interest rates, pending home sales experienced an 8 percent decline, marking the most significant drop in four months. Contributing to this downturn were escalating median sales prices, which rose by 5.4 percent year over year... more
by Biazowa 
Mortgage demand witnessed a notable downturn last week, signaling a shift in the market dynamics that had been on an upward trajectory in preceding weeks. The Mortgage Bankers Association's seasonally adjusted index reported a 7.2 percent drop in mortgage applications for home purchases compared... more
by Biazowa 
If you're a first-time homebuyer in Long Beach, you're in luck! The city is offering grants of up to $25,000 to assist with the purchase of your dream home. Enter the city’s First-Time Homebuyer Assistance Program, a fantastic initiative tailored to support low- and moderate-income families who... more
by Biazowa 
In a significant move aimed at supporting aspiring homeowners, California is gearing up to reintroduce its widely embraced Dream for All program, allocating an impressive $250 million for down payment assistance. Last year's initiative, starting with a robust $300 million, witnessed its entire... more
In October 2023, home sales in the United States dropped to its lowest since October 2010. This is essentially due to the thirty-year mortgage rates climbing to its highest in more than twenty years. National interest rates tracker by Forbes pegged the thirty-year mortgage rates at 7.74%, up from... more
by Biazowa