Friday, 20 September 2024

Finance & Mortgage

'Mortgage Applications Continue to Drop Following Slight Rate Gain

Mortgage applications have once again dropped as a result of the slight increase in the average contract interest rate for 30-year fixed rate mortgages. Industry experts are also expecting to see a rate hike in June.

'China's Impact on Global Real Estate

While much of the business is in mergers and acquisitions, especially in the agribusiness sector, Chinese purchases of real estate properties and/or interests have made a splash in the global real estate market. Amongst the purchases were the $13 billion spent for Starwood Hotels &Resorts Worldwide Inc. The total volume for the quarter had already surpassed $16 billion.

'Mortgage Rate Drops as Global Financial Markets Affect US Stock Market

Mortgage rates continue to drop, as global financial markets appear to have affected the U.S. stock market. While this continuous drop in mortgage rates seem beneficial to interested buyers, the rise in the selling prices of homes in the market appear to negate the said benefits.

EDITOR'S PICKS

'Your Credit Card Paying Habits Can Affect Your Chances of Buying a Home

The entire process of buying a home – from looking for one to sealing the deal – is a long and tedious one. While having a good credit score is definitely a must if you want to apply for a mortgage, a recent report shows that your credit card bills may also affect your chances of getting an approved mortgage application.

By Staff Reporter
'Prices of Luxury Homes on the Decline

The study differentiated homes in the top 10 percent of ZIP codes in each metropolitan city is deemed as the 'luxury market'. Comparatively, the bottom 10 percent of ZIP Codes in the same metropolitan city is deemed as the 'entry-level-market."

By Staff writer
'Can Your Parents Help You Afford a Home in Vancouver?

Canada's house prices are still on the upward movement despite reports that they already surpassed economic fundamentals and houses in the country are already overvalued. Will the next generation still be able to afford a home in their home city such as Vancouver?

By Staff Reporter
'Vancouver Benchmark House Prices Up 30% in a Year

House prices in Canada just keeps getting higher and higher, and as previously reported here on Realty Today, some even opted to purchase a house with friends to get their foot on the market.

By Staff Reporter
'Real Estate News: Millennials are Moving to the Suburbs

Millennials comprise the majority of would-be homebuyers, which is why several companies are on the look out for buyers coming from this generation. A recent report shows, however, that millennials are no longer choosing to live in main cities and are instead moving to the suburbs. What are the implications of their move?

By Staff Reporter
'Would Investing in Portland Real Estate Be a Good Idea?

There are many factors to consider when deciding on investing in real estate. There is the matter of mortgage rate, interest rates, local economies as well as real estate prices. Now, being in a borderless economy, even international trade and political views affect market fluctuations.

By Staff writer
'Slight Increase in Interest Rates Causes a Drop in Mortgage Applications

A lot of buyers have been flocking the market in this busy spring home buying season because of the low mortgage rates. While a lot of people are taking advantage of the rates nearing its lowest in three years, a recent report shows that there was a drop in the number of mortgage applications because of a slight increase in the interest rates.

By Staff Reporter
'Bank's Losses Increase in Commercial Real Estate

The fourth quarter CRE loss rates, which is the annualized charges as a percentage of average loan balances, is now being reviewed by regulators recently. This is part of the oversight on financial institutions' activities that are related to commercial real estate loans. The oversight was instituted to prevent the market crash recently experienced by the real estate market.

By Staff writer
'US Mortgage Rates Up for 2nd Consecutive Week

Spring is when most sellers put their homes for sales and buyers shop for new properties as the weather looks better. But with the buying season already on, mortgage rates picked up for the second straight week.

By Staff Reporter
'Illinois Ranks First Among U.S. States With Highest Property Taxes

If you're living in Illinois, you are probably paying the highest property taxes than those who reside in other parts of the nation.

By Staff Reporter
'House Buying Tips: How to Find the Best Mortgage Company for You

Mortgage payments are long-term commitments, as you will most likely be paying it for 15 or 30 years of your life depending on your term. Given this long commitment, you may want to choose for the best mortgage out there for you, as this will determine the payments you will be making for quite some time. How do you know which mortgage company or lender is best for you?

By Staff Reporter
'Land Registry Data Shows UK House Prices Fall Across the Country

The Land Registry house price indices, considered as the most credible, showed that house prices in the country, except London and the East, fell in March.

By Staff Reporter