After reaching the highest level in over six years, pending home sales declined in June, with rising mortgage interest rates beginning to impact the market, according to the National Association of Realtors®. Go to ” What is your home worth” section.
WASHINGTON (AP) — Average rates on fixed mortgages ticked up this week but are still low by historical standards, a trend that has helped the housing market recover. Mortgage buyer Freddie Mac said Thursday that the average on the 30-year loan rose to 4.39% from 4.31% last week. Rates are a full percentage point higher […]
The long national foreclosure nightmare is nearing its end, with foreclosure filings hitting their lowest level since before the housing bust. Total foreclosure filings, including notices of default, scheduled auctions and bank repossessions, dropped to 127,790 in June, down 35% over the past 12 months, according to RealtyTrac. Overall, filings have hit their lowest monthly […]
Nationwide existing-home sales rose 4.2% in May to a seasonally adjusted annual rate of 5.18 million. These sales were 12.9% higher than during the same period in the prior year.
If the past 2 months of calamitous volatility and almost daily cost hikes weren’t enough, today brings the Conventional 30yr Fixed best-execution rate to 4.25%–levels not seen since late 2011.
The recent property tax valuation you received is based on what your home was worth June 30, 2012. Your next two years’ tax bills will be based on that same figure. Which is good, because your current property value should have gone up since June 2012.