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Figures released on unemployment claims, store sales and home-buying. rate could top 10 percent by next year. One positive sign for future hiring: The Labor Department said productivity, or output.
Oil prices rallied to a record close above $57 a barrel Friday, boosted by a jump in gasoline futures that could send the average retail cost of gasoline above $2.25 a gallon within weeks. Gas prices.
· Realtor April Bolin (R) shows a home to Amy (L) and Eddie Deon during an upswing in the housing market, in Riverside, California May 24, 2012.
Here, then, are four moves you absolutely need to do to prepare for this spring’s home-buying season. You don’t want to waste your time looking at homes that cost $300,000 if you can only afford one with a price tag of $200,000.
After the Super Bowl, real estate professionals know the next big event on the calendar is the Spring Home Buying Season. A time when more homes are for sale, and house hunters scour the internet so they can devote their weekends to the open (house) trail.
In its recently released January Economic and Housing Outlook, Fannie said it expects mortgage rates to hover around the 4.5 percent mark, where they ended 2018. It also predicts slower house price appreciation of 4.2 percent in 2019, compared with 5.5 percent in 2018.
· As the busy spring selling season comes to a close, some Americans see their dream of homeownership under siege on three fronts. The housing supply is low. Interest rates are rising.
Still-Low Mortgage Rates Fuel Fast Start to spring homebuying season. 30-year fixed-rate mortgages averaged 3.71% with an average 0.5 point for the week ending March 31, 2016. A year ago, the rate averaged 3.70%. 15-year fixed rates averaged 2.98% with an average 0.4 point. The same term priced at 2.98% a year ago. 5-year adjustable-rate.
Continuing low mortgage rates and a strong labor market will fuel demand as the spring home-buying season ramps up. In addition, the recent increase in housing starts means home builders are pushing through new construction projects, which should help alleviate the supply shortage in the future.
· By Elyssa Kirkham/GOBankingRates. West Virginians will pay $9,723 more in interest per $100,000 borrowed through a 30-year mortgage, compared to someone paying the median 4.07% mortgage rate. So despite low prices and property taxes, West Virginia is one of the worst states to buy a home in the spring.
How much mortgage can I qualify for? [Video] How much mortgage can I qualify for? [Video] Tim Lucas The mortgage reports editor. october 17, 2018 – 3 min read. Most new home buyers are caught in a weird spot when they decide to buy a home.