Homebuyers feel good about where mortgage rates are headed: Fannie Mae
For the first time in two years, homebuyers feel positive about mortgage rates. (iStock) Consumers’ optimism about buying a home is at its highest level in nearly two years, thanks to stable employment and easing mortgage rates, according to a Fannie Mae survey. Major mortgage lenders in January Home Purchase Sentiment Index® (HPSI) It rose […]
The 10 cities giving Gen Z homebuyers hope right now: Study
(NEXSTAR) – For purchasing a home, american nightmare Rising mortgage rates and home prices have taken a toll on Gen Zers in recent years, but there are some cities that offer new hope in 2024. According to a recent analysis, Point 2 Holmes We found that Gen Z buyers have entry-level incomes, are more likely […]
This is the #1 city for first-time homebuyers, and other hot US housing markets
Toledo, Ohio has emerged as the top metro area for first-time owners. (iStock) The housing market has its ups and downs, and first-time buyers are feeling the effects, too. But homebuyers in tight housing markets have other options, as some cities in the U.S. have stronger markets than others. According to a recent report from […]
DOJ orders bank to pay millions after discriminating against minority homebuyers
First National Bank of Pennsylvania discriminated against Black and Latino homebuyers in North Carolina for at least four years, the Department of Justice announced Monday. This is the latest in a long list of banks that have been redlined. The Department of Justice announced that FNB will pay $13.5 million to resolve redlining charges, mostly […]
State offers affordable loans again to first-time homebuyers, with a catch – Los Angeles Times
Last spring, when the California Housing Finance Agency offered interest-free, no-monthly-payment loans to help low-income people come up with down payments and fees to buy their first homes, the entire nearly $300 million budget was wiped out. Ta.in just 11 days. Lawmakers then put an additional $225 million into the program during last year's state […]
How homebuyers could save $1,000 on closing costs this year
Government-backed mortgage giant Fannie Mae has proposed a plan to save U.S. home buyers $1,000 on closing costs. fannie mae Said Expands the types of mortgages available for purchase and provides buyers with a lower-cost alternative to expensive title insurance, which is a contractual obligation that protects property owners and mortgage lenders from losses related […]