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Oct 13, 2017 What are Seller’s Concessions?A seller’s concession is an amount of money paid toward closing on your behalf. Generally, this money is used to pay for closing costs, but sellers occasionally concede money if they realize their carpets are gross and need to be replaced or that their garage needs repairs they don’t really want to make. In most
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May 15, 2017 4 things first-time homebuyers need to knowBuying a home is likely the biggest purchase you’ll ever make, and it’s not always an easy one. Low inventory has pushed home prices up in cities throughout the country, giving sellers an advantage. Homes sell fast, bidding wars break out and offers above the asking price are common. All of this means that buyers
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Apr 19, 2017 Hold On, Buyers—More New Homes Are Coming Your Way!Buying a home typically isn’t a stress-free, relaxing process. Buyers need to muster up a down payment, secure financing, and fill out mountains of paperwork—as well as have their offers accepted. And of course, they need to find the home of their dreams in the first place. But that last part may get a little
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Apr 18, 2017 First-time homebuyer? Avoid these statesIt’s not easy being a first-time homebuyer these days. Around the country, home prices have been rising, inventory is limited, and banks have tightened lending standards. But California is the toughest state of all for first-time homebuyers, according to a new report from Bankrate.com. Buyers in the Golden State face low affordability, tight inventory and
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According to Freddie Mac’s latest Primary Mortgage Market Survey, the average mortgage rate in the U.S. dropped for the second consecutive week. Sean Becketti, chief economist of Freddie Mac said, “The 10-year Treasury yield remained relatively flat this week. The 30-year mortgage rate fell 9 basis points to 4.14 percent, another significant week-over-week decline. Despite
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Jul 10, 2015 Mortgage Rates Zoom to 2017 HighThe 30-year fixed-rate mortgage surged to its highest average of the year this week, reaching 4.21 percent, Freddie Mac reports in its weekly mortgage market survey. “The 10-year Treasury yield rose about 10 basis points this week,” said Sean Becketti, Freddie Mac’s chief economist. “For the first time in weeks, the 30-year mortgage rate moved
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