The USDA offers home loans through the Rural Development Guaranteed Housing Loan Program, commonly known as USDA loans. Here are some key points about doing a USDA Purchase: USDA loans are designed to help families with low to moderate incomes buy homes in rural areas. Eligibility is determined by the property’s location and the applicant’s…

Mortgage rates are ringing in the new year much lower than their near-8% peak this past fall. The 30-year fixed-rate mortgage has decreased for the past nine weeks, though breaking for a slight uptick this week to reach 6.62%, Freddie Mac reports. “The overall trajectory of mortgage interest rates in 2024 is expected to decrease,”…

Home Sales “Will Improve in 2024” Home Sales “Will Improve in 2024”. Pending Home Sales were unchanged from October to November, though October’s figures were revised slightly higher according to the National Association of REALTORS (NAR). Sales were also 5.2% below the level reported in November of 2022. This data measures signed contracts on existing…

This follows weeks of mortgage rate declines and listings increases. Homebuying rebound? A report by Redfin, a real estate brokerage, found that US pending homes sales dropped by 4% year-over-year during n the four weeks that ended on December 24. This was the smallest decline seen since March 2022. The Redfin Homebuyer Demand Index saw…

US housing crash – how likely is it? Buyers’ activities based on fear could produce a crisis. Given the mercurial and unpredictable market, it’s almost become fashionable for people to predict a housing crash. Those taking a contrarian view have been all but ridiculed – particularly among those not understanding the intricacies of the market.…

When is the right time to buy a house? With rates dropping and even likely to drop next year, some say it’s time to act In terms of buying a home, the time to make a move is now. That’s what some in the mortgage business are saying on the heels of the Fed’s decision…

This was an increase from the data year-over-year in Florida’s housing market. Florida’s housing market saw more new listings and higher statewide sales prices in November compared to the numbers from the previous year, Florida Realtors’ latest housing data revealed. “November brought some welcome news for Florida homebuyers, as mortgage rates started to ease and…

Mortgage Rates Fall. US mortgage rates declined for the fifth consecutive week and reached a level not seen since June, according to data from the Mortgage Bankers Association (MBA). MBA’s data found that the contract rate on a 30-year fixed mortgage dropped to 6.83% in the week ending on December 15. The rate on five-year…

Mortgage Rates change on a daily basis and can vary depending on your unique situation. Simply use the quick form below to receive FREE and accurate rate quotes from a nationwide network of trusted lenders. Check our rates here. https://www.nsmn.com/todays-rates/ Mortgage rates fell below 7% for the first time in four months, bringing some relief…