Bank of America has made several recent moves to reduce the borrowing costs of would-be home buyers who have faced affordability constraints. The bank's latest offer: mortgages with no origination fees for buyers with little savings for a down payment. The promotion is available through Oct. 31.The offer applies only to loans backed by the Federal Housing Administration, Department of Veteran Affairs, Freddie Mac’s Home Possible program, and Ba
Even as paperless transactions simplify the homebuying process, not everyone wants to go completely digital. So for buyers who want to opt out of an online closing or are not eligible for one, Notarize, an electronic notarization provider, has debuted a “hybrid closing” option. With this process, buyers can review and sign the majority of closing documents digitally, but the paperwork will still be physically furnished on settlement
Airbnb guests are showing concern about being under surveillance, with 11% saying they’ve discovered a hidden camera in a property they rented and 58% saying they’re worried about being spied on, according to a survey from IPX1031, a service provider of exchange transactions nationwide.About a quarter of respondents say they don’t have a problem with cameras inside common areas such as living rooms or kitchens, according to the survey.The u
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Moving to a new home can impact sleep quality, but how long can you expect sleep schedules to be disrupted? Returning to normalcy can take longer than you might think.Healthy Sleep, a firm that researches sleep quality, surveyed more than 1,000 Americans who moved in the past year to learn how the move affected their sleep and how they eventually got a better night’s sleep after their move.Sixty-four percent of respondents said their sleep qual
This marks the sixth consecutive weekly decline for mortgage rates, leaving some borrowers wondering how low will they go. The 30-year fixed-rate mortgage averaged 3.82% this week, the lowest average since September 2017.“While the drop in mortgage rates is a good opportunity for consumers to save on their mortgage payment, our research indicates that there can be a wider dispersion among mortgage rate offers,” says Sam Khater, Freddie Mac’
Home design reality TV shows may be inspiring more consumers to take on a house flip for themselves. The U.S. home flipping rate reached a nine-year high in the first quarter of this year, ATTOM Data Solutions reports.In the first quarter, 49,049 homes were flipped, representing 7.2% of all home sales during the quarter—the highest home flipping rate since the first quarter of 2010, the report shows. Researchers define a home flip as a property
The lesbian, gay, and bisexual community is a growing segment of buyers and sellers who show distinct patterns and behaviors that real estate professionals should be keyed into, according to a new report released by the National Association of REALTORS®, “The 2019 Profile of LGB Buyers and Sellers.” For example, gay, lesbian, and bisexual buyers are less likely than their heterosexual counterparts to purchase a detached single-fami
U.S. homeowners who have a mortgage saw their equity increase by 5.6% over the past year, according to the Home Equity Report, released Thursday by CoreLogic. The average homeowner gained $6,400 in home equity between the first quarter of 2018 and the first quarter of this year. (U.S. homeowners with mortgages account for about 63% of all properties nationwide.)Some states saw larger gains than others. For example, Nevada homeowners gained an ave
It’s the 75th anniversary of the GI Bill, which created the VA home loan program—an avenue bringing military business your way. This week marks the 75th anniversary of the GI Bill, which provides financial resources to veterans who aspire to become homeowners—and serves as an avenue bringing military business your way. The milestone comes at a symbolic time, as June is National Homeownership Month. On Wednesday, the
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