Welcome to the LITopAgent.com Blog

2019-08-16 10:08:44
Real Estate Market Review

HEALTHY HOUSING

Americans are making their mortgage payments according to CoreLogic's latest Loan Performance Insights (LPI) report. Only 3.5% of loans were 30 days past due or more in May, compared to 4.2% in May 2018. CoreLogic Chief Economist Dr. Frank Nothaft said, 'Growth in family income and home prices continues to support low delinquency rates.' The LPI concluded that 'The continued improvement in overall mortgage performance bodes well for the health of the U.S. market in 2019.'

 

SEPARATE SENTIMENTS

The consumer and business segments have differing outlooks as mortgage interest rates trended significantly downward. In the Primary Mortgage Market Survey for the week ending August 8, Freddie Mac's analysts said businesses are bearish based on negative trade and manufacturing news, while consumers are more optimistic due to the labor market and increased housing affordability due to recent rate s.

 

KID CONSIDERATIONS

Children are a major factor in home purchases according to 2019 Moving with Kids Report from the National Association of Realtors. Just over half of homebuyers with children (53%) said school quality was a factor in choosing a neighborhood. However, daycare costs played a role for an even greater majority: 26% of buyers with children postponed their purchase due to childcare expenses, 31% said they compromised on the home's size and 24% said they compromised on price.

 
IMPLAUSABLE INTEREST?
Paying back less than you borrow is a problem - unless you're getting a mortgage from Jyske Bank. The Danish bank is offering mortgages for -0.5%. The negative interest rates are available for 10-year terms, at which time the borrower will have paid back less than they originally borrowed with the exception of any other associated costs or taxes.
 
Blog Archive
2019-10-31 12:05:18
Your mortgage refinance checklist:

2019-10-30 08:06:05
Pending Sales Surprise, Up 1.5 Percent

2019-10-28 09:03:58
Learn About Your Local Neighborhood -- Or One You're Considering

2019-10-28 09:03:08
The Myth of the 20% Down Payment

2019-10-25 12:10:04
2020 Housing Market: What the Experts Think

2019-10-24 12:14:26
How to decide to remodel your home or sell it

2019-10-24 12:10:00
10 Easy Hacks to Save Money

2019-10-21 08:41:12
Market Movement

2019-10-18 08:44:54
Market Snapshot

2019-10-09 14:34:20
360° Minute - 'The 15 Must Do’s for Fall Clean Up' 🍁 🍂

2019-10-08 20:12:42
Economic Roundup October 2019

2019-10-07 08:27:50
Market Movement October 2019

2019-09-30 09:31:40
Market Movement

2019-09-26 11:24:33
Fed Lowers Rate, Faces Growing Policy Divide

2019-09-26 10:37:12
Make Fall Decorating Easy with 3 Inspirational Apps

2019-09-25 11:33:25
Are You Ready for the ‘Black Friday’ of Real Estate?

2019-09-20 06:57:25
Why an Investment Property Should Be Your First Real Estate Purchase

2019-09-19 12:13:33
Is there a difference between mortgage prequalification and preapproval?

2019-09-05 11:27:20
Should You Pay Off Your Mortgage Before You Retire?

2019-08-29 12:02:49
How do first-time home-buyer mortgages differ from other mortgage types?

2019-08-22 08:25:06
Summer Is Winding Down! Is buying a new home on your agenda for this fall?

2019-08-16 10:08:44
Real Estate Market Review

2019-08-08 11:45:37
Fed Cuts Rate for First Time Since 2008, Markets Rattled

2019-08-01 12:11:25
The Fed Cuts Rates by a quarter-percentage-point. What Now?

2019-07-30 09:15:49
Safe Summer

Click here to see ALL articles.


Comment on this Article

Your Name:
Your Email:
Comments:
Verify:  Please enter the numbers shown to help eliminate spam.