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Case-Shiller Home Price Index: National Home Prices Reach Pre-Recession Level

According to the Case-Shiller National Home Price Index for June, Seattle, Washington continued to lead home price growth for the tenth consecutive month with a June reading of 13.40 percent growth year-over-year. Portland Oregon held second place for home price growth in the 20-City Home Price Index in June but trailed Seattle by 5.20 percent with 8.20 percent year-over-year home price growth. Dallas Texas held third place with a year-over-year home price growth rate of 7.70 percent. The 20-City Home Price Index increased by 5.70 percent year-over-year and was unchanged from May's reading. Case-Shiller's National Home Price Index reported a…
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Closing Costs 101: Expert Tips for Keeping Your Costs Down When Finalizing Your Mortgage

Are you thinking about buying a new home? If you are going to make use of mortgage financing, you may be wondering about some of the costs attached. As you may have heard, all mortgages have a number of fees and other costs that are assessed at the "close," or when you finalize the loan. Let's take a look at a few expert tips that will help you to keep your closing costs to a minimum when you take out your next mortgage. Aim For Zero-Closing-Cost Options If Possible One question that you will want to ask your potential mortgage…
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What’s Ahead For Mortgage Rates This Week – August 28, 2017

Last week's economic news included readings on sales of new and previously-owned homes, Weekly readings on mortgage rates and new jobless claims were also released, along with coverage of Fed Chair Janet Yellen's remarks at a conference in Jackson Hole, Wyoming. Home Sales Lower in July According to the Commerce Department, new home sales fell to a seven-month low in July; 571,000 new homes were sold on a seasonally-adjusted annual basis in July.  This reading fell short of the expected sales rate of 608,000 new home sales and June's reading of 630,000 sales. This was unwelcome news for home builders,…
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