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Carlos J Higareda | jones Blog

Friday, June 21, 2019   /   by Carlos J Higareda

Mortgage Rates Continue to Hover Near 2-Year Lows

June 20, 2019


Lower mortgage rates are proving to be a boon for home shoppers this summer. The 30-year fixed-rate loan has stayed near a 3.8% average for the third consecutive week, after consistent declines in late spring.
“While the continued drop in mortgage rates has paused, home buyer demand has not,” says Sam Khater, Freddie Mac’s chief economist. “This is evident in increased purchase activity and loan amounts, indicating that home buyers still have the willingness and capacity to purchase homes. Today’s low rates, strong job market, solid wage growth, and consumer confidence are typically important drivers of home sales.”
Freddie Mac reports the following national averages with mortgage rates for the week ending June 20:

30-year fixed-rate mortgages: averaged 3.84%, with an average 0.5 point, up from last week’s 3.82% average. Last year at this time ...

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Thursday, June 20, 2019   /   by Carlos J Higareda

Would-Be Sellers Appear Ready to Boost Inventory

June 19, 2019

There’s a fresh sign that more inventory may be coming to the market, as homeowners deepen their faith in selling. The percentage of consumers who are “strongly” optimistic that now is a good time to sell hit 46% in the second quarter of this year, a significant increase from the 37% who said the same thing in the first quarter, according to the National Association of REALTORS®’ Housing Opportunities and Market Experience Survey, which was released Wednesday.
Home prices have begun moderating in recent months, which may be prompting homeowners to consider selling sooner in order to cash in before prices go any lower. “With home price appreciation slowing, home sellers understand the days of large price gains from holding an extra year are over,” says NAR Chief Economist Lawrence Yun.
Homeowners have been putting off a move in recent years, reluctant to give up low interest rates on their current ...

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Tuesday, June 18, 2019   /   by Carlos J Higareda

More Buyers Use Gov’t Assistance Programs for Down Payments

June 18, 2019

Some would-be home buyers may be able to afford the monthly payments of a mortgage, but they can’t scrape up enough money for the down payment. More than 2,500 government assistance programs nationwide are offering help, and more buyers are taking advantage of the aid.
More than 13% of borrowers who used Federal Housing Administration mortgages in the first three months of this year used government assistance for their down payment, up from 8.6% five years prior, according to recently published FHA data. The number of government assistance programs has doubled between 2013 to 2016.
Kason Wallace, a real estate professional in the Chicago area, told The Wall Street Journal that about 90% of her clients ask about assistance for their down payment. “It has definitely increased,” she says. “People are now more aware.”
Several federal, state, and local programs operate through housing finance agencies ...

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Tuesday, June 11, 2019   /   by Carlos J Higareda

The Ultimate Smart Home: 5 Devices That Save Money

May 30, 2019


by Brandon Doyle

Smart-home technology offers entertainment, convenience, and peace of mind, but did you know that it can help lower energy bills and save homeowners money? The average owner spends about $2,000 on energy costs every year, according to Energy Star. By adding just a handful of cost-effective devices, homeowners can save between 20% and 30% on their energy bills. Here are a few key smart home products you can pass on to your clients.

Read the full Ultimate Smart Home series:

Part one: Bedrooms
Part two: Kitchens

1. Thermostats
Nearly half of a typical utility bill goes towards heating and cooling. Installing a smart thermostat can save about 10% a year, according to the U.S. Department of Energy. This is achieved by adjusting the HVAC system while away from home. They can be set to a schedule, controlled remotely, and react to information via sensors and the weather forecast. Advanced sma ...

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Saturday, June 8, 2019   /   by Carlos J Higareda

Mortgage Rates Drop to 2-Year Lows

June 7, 2019

® REALTOR® Magazine

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.

The Secret 5.9M Homeowners May Be Missing Out On

“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’s chief economist. “By shopping around and getting a single additional mortgage rate quote, a borrower can save an average of $1,500.”
Freddie Mac reports the following national averages with mortgage rates for the week ending June 6:

30-year fixed-rate mortgages: averaged 3.82%, with an average 0.5 point, falling from last week’s 3.99%. Last year at this time, 3 ...

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Carlos Higareda
Greenwood, IN 46143

The source of the Licensed Listings is BLC® listing service. The Licensed Listings are confidential information of BLC® listing service. The BLC® listing information is provided by the Metropolitan Indianapolis Board of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2019 Metropolitan Indianapolis Board of REALTORS® All Rights Reserved. The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.