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Distinctive Properties
8022 W. Grandridge Blvd.
Kennewick, WA 99336Local: (509) 783-1431
Category Archives: Mortage/ Finance News
Mortgage Rates Surprise By Nearing 2017 Low
Daily Real Estate News | Friday, April 07, 2017 The 30-year fixed-rate mortgage dropped lower for the third consecutive week and neared its low for 2017, Freddie Mac reports in its weekly mortgage market survey. “The 10-year Treasury yield was … Continue reading
Posted in Mortage/ Finance News
Tagged 15-year, 30-year, AGO, ARM, data, Fall, freddie mac, home, market, Mortgage, mortgage rates, mortgages, national association of realtors, News, real estate, realtor, time
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Millennials Want Home Equity Access
Daily Real Estate News | Tuesday, April 04, 2017 Homeowners are tapping into equity at the fastest rate in eight years, thanks to rising home prices. And millennials are leading the pack of those who are cashing in. In 2016, … Continue reading
Posted in Mortage/ Finance News
Tagged borrowers, color, credit, data, debt, equity, family, fast, home, home prices, homeowners, homes, housing, housing market, increase, millennial, national association of realtors, News, price, real estate, remodel, remodeling, rising home prices, Sale, Sales, value
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Mortgage Rates Got Cheaper This Week
Daily Real Estate News | Friday, March 31, 2017 For the second consecutive week, average mortgage rates fell, lowering the borrowing costs of buyers. “The 10-year Treasury yield remained relatively flat this week,” says Sean Becketti, Freddie Mac’s chief economist. … Continue reading
Posted in Mortage/ Finance News
Tagged 15-year, 30-year, AGO, ARM, buyers, data, Fall, home, market, Mortgage, mortgage rates, mortgages, national association of realtors, News, real estate, realtor, Sale, Sales
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Borrowers Face Higher Mortgage Rates
Daily Real Estate News | Friday, March 17, 2017 For the second consecutive week, mortgage rates were on the rise. “As expected, the [Federal Reserve’s Federal Open Market Committee] announced its first rate hike of 2017 and hinted at additional increases … Continue reading
Posted in Mortage/ Finance News
Tagged 15-year, 30-year, AGO, ARM, borrowers, data, family, federal reserve, freddie mac, home, increase, market, Mortgage, mortgage rates, mortgages, national association of realtors, News, real estate, realtor, Sale, Sales, time
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Mortgage Rates Move Lower This Week
Daily Real Estate News | Friday, March 03, 2017 Mortgage rates broke a monthlong holding pattern and inched lower this week. “The 10-year Treasury yield remained relatively flat this week, while the 30-year mortgage rate fell 6 basis points to … Continue reading
Posted in Mortage/ Finance News
Tagged 15-year, 30-year, AGO, ARM, data, freddie mac, home, Mortgage, mortgage rates, mortgages, national association of realtors, News, real estate, realtor, Sale, Sales, time
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FHA Strong Enough for MIP Cut, Analysis Suggests
Daily Real Estate News | Friday, February 24, 2017 Is now a good time for FHA to reduce hurdles to homeownership with a lower mortgage insurance premium? NAR says yes, but the Trump administration and some members of Congress aren’t … Continue reading
Posted in Mortage/ Finance News
Tagged borrowers, buyers, credit, credit score, data, family, home, Homebuyer, house, housing, hud, increase, insurance, Lender, lenders, loan, maintain, Mortgage, mortgage insurance, mortgage lenders, NAR, national association of realtors, News, real estate, realtor, Sale, Sales, time
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Survey: Despite TRID, Closing Hiccups Persist
Daily Real Estate News | Friday, February 17, 2017 More than half of lenders last year gave loan estimates to home buyers that later had to be revised before closing, according to a new survey released by ClosingCorp, a provider … Continue reading
Posted in Mortage/ Finance News
Tagged borrowers, buyers, closing, closing cost, closing costs, data, home, home buyer, Homebuyer, insurance, Lender, lenders, loan, market, millennial, Mortgage, mortgage insurance, national association of realtors, October, real estate, realtor, Sale, Sales, taxes
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The Big Down Payment Myth
Daily Real Estate News | Wednesday, February 15, 2017 Having the spare capital to put 20 percent down on a home purchase is great, but it’s certainly not the norm. Still, many people think it is and that belief may … Continue reading
Posted in Mortage/ Finance News
Tagged borrowers, buy a home, buyers, credit, data, down payment, Fannie Mae, FHA, freddie mac, home buyer, Homebuyer, loan, money, Mortgage, mortgages, NAR, national association of realtors, News, offer, opportunity, price, real estate, realtor, Sale, Sales, size, veteran, Veterans
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Lenders Aim for 21-Day Closing Window
Daily Real Estate News | Friday, January 13, 2017 In an era of bloated closing times, some lenders are looking to quicken the pace it takes to get a buyer to the settlement table. Some lenders are retooling operations and … Continue reading