Still-Low Mortgage Rates Fuel Fast Start to Spring Homebuying Season

Still-Low Mortgage Rates Fuel Fast Start to Spring Homebuying Season

Final approval from the underwriter: What happens next? The underwriter has completed the initial review of your loan application and issued a conditional approval along with a set of conditions that need to be satisfied before a final approval can be issued and you can move to the closing process.

-We’ve seen mortgage rates decline and wages rise – both trends work to boost house-buying power and fuel greater market potential for home sales, setting the stage for a stronger than.

Orange County condo prices hit all-time high as buyers are priced out of house market. spring home-buying season got off to a strong start," said Andrew LePage, a CoreLogic research analyst.

Mortgage rates remain near nine-month lows – still well below 4% – and early signs point to a hot spring buying season, with homes selling 12 days faster and for 8% more money than one year ago.

Mortgage Rates Stay Virtually Unchanged during Spring Homebuying Season The warmer weather and the nearly steady mortgage rates are bringing prospective homebuyers out into the market. Based on week-to-week performance, mortgage rates have seen little to no change.

Finding the right mortgage (and how to get the best mortgage rate) can be a confusing process – especially for first-time homebuyers. comparison shopping is the key In the hunt for the [.] Posted on . Still-Low Mortgage Rates Fuel Fast Start to Spring Homebuying Season. By.

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Mortgage rates drifted back down after last week’s slight rise, starting the spring homebuying season off with low rates, the most recent Freddie Mac Primary Mortgage Market survey found.

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After the Super Bowl, real estate professionals know the next big event on the calendar is the Spring Home Buying Season. A time when more homes are for sale, and house hunters scour the internet so they can devote their weekends to the open (house) trail.

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Continuing low mortgage rates and a strong labor market will fuel demand as the spring home-buying season ramps up. In addition, the recent increase in housing starts means home builders are pushing through new construction projects, which should help alleviate the supply shortage in the future.

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