Adam Menconi, Top Real Estate Broker in Rohnert Park, California [https://www.abnewswire.com/pressreleases/top-rohnert-park-ca-realtor-highlights-the-importance-of-swift-decision-making-in-property-purchases_701959.html]emphasizes that local expertise is a huge advantage in overcoming the challenges out-of-town buyers often face. With extensive experience in Sonoma County's unique real estate market, Adam offers key insights to help buyers gain a competitive advantage. “Understanding the nuances of your local market can be the difference between securing a home or missing out,” Adam explains, emphasizing the importance of local knowledge in real estate transactions.Buyers from out of town can face some disadvantages, especially in a close-knit market like Rohnert Park. “Choosing an agent who is well-connected within…
Author: Private Lending Agent
HUD has expanded the 40 translated mortgage documents previously published, adding language translations of 19 different single-family mortgage documents. WASHINGTON — The U.S. Department of Housing and Urban Development announced Wednesday that it will begin offering 19 single-family home mortgage documents in Chinese, Korean, Spanish, Tagalog and Vietnamese. The new translations will be added to the 40 translated mortgage documents already published. “At HUD, we are committed to making homeownership available to everyone who wants it, especially first-time homebuyers, and to do that we need to ensure everyone has access to information about our programs. This common-sense action will help…
Sborisov/Getty Images/iStockphotoMortgage rates have been trending upward for much of 2024, but have eased somewhat in recent weeks. According to Freddie Mac, the average interest rate for a 30-year fixed-rate mortgage was 6.95% as of July 3. That's down significantly from a high of 7.79% in October 2023 and is below the 52-week average. Rates for 15-year fixed mortgages are also below the 52-week average.Read more: Housing Market 2024 — Home prices plummet in 10 once-expensive housing marketsFor You: Become a real estate investor with just $1,000 with this Bezos-backed startupThe trend bodes well for homebuyers who haven't had much…
Not all savings accounts offer the same cash-growing opportunities for today’s smartest savers. Today’s strongest yields are offered by digital banks and online accounts that can rescue your nest egg from the low rates of return you’ll find at most neighborhood and national banks.These high-yield savings accounts pay out more than 10 times the national 0.45% average — up to 5.30% APY with no fees or minimums to eat into your earnings. And legacy brands like American Express, Capital One and Discover offer high-yield accounts at a lower but decent 4.25% APY.No matter which type you choose, these modern accounts…
A new housing industry report shows home affordability worsened in the second quarter. Median-priced single-family homes and condominiums remain less affordable in the second quarter of 2024 compared to historical averages in 99 percent of counties nationwide, according to a report from land, real estate and property data management company ATTOM.The report also showed that major expenses on a median-priced home accounted for 35.1% of the national median wage in the second quarter, the highest level since 2007 and well above the general lending guideline of 28%.There are two reasons for this: home prices are at record highs and mortgage…
Sir Keir Starmer and the Labour Party won a landslide victory in the general election, winning 412 seats, and forming a new government after 14 consecutive years of Conservative rule. Rising costs and inflation, increasing taxes and regulations, and declining consumer spending have characterized the past few years for small business owners. Ahead of the election, we surveyed 1,750 small businesses to ask them what steps they would like the next administration to take to address these issues. Small businesses called for immediate help in a variety of areas, including tax cuts, simplified regulations, and increased financial support. Now that…
Photo by Kurt Wittman/Education Images/Universal Images Group via Getty Images Today's average refinance rates Refinancing your mortgage Compare today's average mortgage rates on July 5, 2024 to a week ago, using interest rate data collected by Bankrate as reported by lenders across the United States. Mortgage interest rates are always changing, but they're likely to go down this year. To get the lowest interest rate, compare offers from different lenders. Enter your information below to get a custom quote from CNET's partner lenders. About these rates: Like CNET, Bankrate is owned by Red Ventures. This tool features partner rates from…
For a 30-year fixed rate mortgage, the average rate you're currently paying is 7.08%, up 0.08% from last week. The average rate for a 15-year fixed mortgage is 6.53%, up 0.06% from the same time last week. Check out the chart below for mortgage rate trends. The Federal Reserve has refrained from cutting interest rates due to slow improvement in inflation. Experts expect mortgage rates to gradually decline in the coming months, but housing market forecasts are always subject to change depending on economic data, geopolitical events, and more. Current average mortgage interest rates Refinancing your mortgage Compare today's average…
LAHORE, July 3, 2024: The Punjab Development Working Party (PDWP) has announced a $25 billion development plan, which will include development in various sectors including education, healthcare, transport and water management. In its latest meeting, the PDWP expressed its commitment to strengthening infrastructure and improving the standard of living of the masses. A significant portion of its budget has been allocated for construction and repair of highways and roads. The aim is to reduce travel time and increase connectivity across Punjab. Also read: CDA to approve consultant for Serena Road-Jinnah Road interchange The Punjab Chief Minister expressed optimism over the…
Most mortgage rates fell today: The average 30-year fixed rate fell 10 basis points to 6.70%, the 15-year fixed rate fell 8 basis points to 6.05%, and the 5/1 ARM rate fell 4 basis points to 6.67%, according to Zillow data.The Bureau of Labor Statistics will release its June Consumer Price Index (CPI) report next week, which will provide some insight into inflation. Mortgage rates could edge lower if inflation slows or rise if inflation rose more quickly last month than economists expected.Read more: Best Mortgage Lenders June 2024Current mortgage interest ratesAccording to the latest Zillow data, current mortgage rates…