Monthly Archives: July 2019

    • Freddie Mac: Mortgage rates sink to a near 3-year low

      This week, the 30-year fixed-rate mortgage averaged 3.75% This week, the 30-year, fixed-rate mortgage averaged 3.75%, falling from last week’s 3.81%. A year ago, the rate averaged 4.54%, according to the  Freddie Mac  Primary Mortgage Market Survey. “...
      Written by Zarghami Group
    • Equity and The Power of Appreciation

      As a homeowner, you have the opportunity to create financial stability by building up equity over the years – a critical part of homeownership. You'll do this by paying down your mortgage (through your monthly mortgage payment) and your home's appreci...
      Written by Zarghami Group
    • Almost 40% of homes in the U.S. are mortgage-free

      Zillow data reveals growing percentage of "free and clear" homes The percentage of homes in the U.S. that are not financed by a mortgage is increasing, according to recent data from Zillow , which reveals that 37% of homes in 2017 were “free and clear...
      Written by Zarghami Group
    • Key mortgage rates mixed for Wednesday

      Mortgage rates showed no clear direction today. The average for a 30-year fixed-rate mortgage held firm, but the average rate on a 15-year fixed tapered off. Meanwhile, the average rate on 5/1 adjustable-rate mortgages slid lower. Rates for mortgages ...
      Written by Zarghami Group
    • Should I Buy a Condo? The Pros and Cons

      If you're a potential buyer in the real estate market, you may wonder, "Should I buy a  condo ?" Condominiums are generally less costly to purchase than houses or townhouses, and they can offer conveniences you might not otherwise be able to afford. I...
      Written by Zarghami Group