Guess what? Spring homebuying season now starts in January

For all the talk about spring homebuying season being the prime time for the real estate market, it turns out that homebuying season starts when it’s much colder outside. According to Realtor.com, homebuyers have started their home search earlier and earlier over the last several years. As Realtor.com notes, historically,

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Mortgage Network hires new SVP of residential lending

Mortgage Network, an independent mortgage lender in the eastern U.S., announced this week that Ryan Hayes has joined the company as senior vice president of residential lending. According to the company, Hayes will work with the company’s leadership to “pursue strategic development and growth opportunities” in an effort to strengthen

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Lack of housing supply sends home sales retreating in November

The nation’s existing-home sales declined 1.7% in November, according to the National Association of Realtors. Total existing-home sales – completed transactions that include single-family homes, townhomes, condominiums, and co-ops – fell to a seasonally adjusted annualized rate of 5.35 million. However, sales are still 2.7% above November 2018’s rate. Lawrence Yun, NAR’s chief

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Freddie Mac: Mortgage rates remain stagnant

This week, the average U.S. fixed rate for a 30-year mortgage held steady at 3.73%. Although this rate remains the same as last week’s percentage, it’s still more than a percentage point below the 4.55% of the year-earlier week, according to the Freddie Mac Primary Mortgage Market Survey. The 15-year FRM averaged 3.19% this week,

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