Turlock Homes & Beyond | BRE# 01112786 | Century21 Select Group
Millennials this year are less likely to be taking creative measures like co-ownership or renting out rooms to afford a mortgage, according to a Redfin survey. Millennial homebuyers in 2019 are less likely to take extraordinary measures to afford their mortgage payments, such as getting help from their parents or co-ownership with someone other than … Read More “Millennial Homebuyers say they’ll Rely on Parents Less” »
Buying a home is a major financial step and long-term commitment. Owning a home is the quintessential American Dream, but aside from the feeling of pride it brings, there are plenty of practical reasons to purchase a home. Consistent Housing Payment The biggest cost to budget for in your personal life is likely your housing … Read More “Why Renters Should Get Serious About Owning Their Homes” »
We should all make sure we look after our finances, especially when a home purchase is on the horizon. Your financial well-being can have a huge impact on the interest rate you’ll end up paying on your mortgage. Most lenders, whether U.S.-based or not, are going to check your financial status before they even start … Read More “How Credit Scores Impact Your Interest Rate” »
For the seventh time in the last nine weeks, the 30-year fixed-rate mortgage dropped, reaching the lowest average since November 2016, Freddie Mac reports in its weekly mortgage market survey. “While the industrial- and trade-related economic data continues to dominate the news, the drop in mortgage rates over the last two months is already being … Read More “Mortgage Rates Haven’t Been This Low Since 2016” »
As homes age, more homeowners are looking to remodeling to spruce up their properties. Of the nation’s stock of 137 million units, nearly 80% are at least 20 years old, and 40% are at least 50 years old. Freddie Mac says its new mortgage product is to help home buyers finance or refinance fixer-uppers. Eligible … Read More “Freddie Debuts Remodeling Loan for Fixer-Upper Buyers” »
About 19% of U.S. households say they expect to move over the next year—the highest reading for May in two years, according to the Survey of Consumer Expectations report, released from the Federal Reserve Bank of New York. The trend of more homeowners showing an openness to move has been on the rise ever since … Read More “What’s Convincing More Owners to Move?” »
The benchmark 30-year fixed-rate mortgage fell this week to 4.04 percent from 4.06 percent, according to Bankrate’s weekly survey of large lenders. As rates move ever closer to 4 percent, homeowners wanting to snag a lower interest rate on their existing mortgage are jumping into high gear, driving refinance application activity to a three-year high. … Read More “Mortgage rates slip, as mortgage applications surge” »
A home purchase brings together so many things under one roof: dreams, shelter, status, maybe a passport to better schools and neighborhoods. And one more thing: It gives you a forced savings account. It does that by letting you build home equity, which is the difference between your home’s market value and what you owe on … Read More “6 Ways to Build Your Home Equity (and Savings) Faster” »
Beautiful Victorian style home in N. E. Turlock. Features include the wrap around front porch, turrets, and bay windows. The roof, siding, all windows, the flooring, the baths, the porch have been replaced with the top of the line product.
Sixty-five percent of households nationwide view buying a home in their ZIP code as a good financial investment, according to the Federal Reserve Bank of New York’s 2019 Survey of Consumer Housing Expectations. Nearly 72 percent of renters say they would prefer to own instead of rent—if they had the financial resources to do so, … Read More “Consumers Say Housing Is a Strong Financial Investment” »
