Real Estate

Millennials Are the Leaders of Mortgage Refinancing

With mortgage rates falling extremely quickly this past month, many borrowers are or already have joined the rat race to refinance their homes. But who makes up most of the crowd of refinancers? The answer to this question is the category of people known as millennials, or…
Real Estate

Falling Mortgage Rates Not Boosting Construction

One important thing that’s booming in the past month is that homebuilders are more confident with their businesses, because the falling mortgage rates are allowing more people to afford purchases of homes. However, construction firms have stated that they’re…
Real Estate

Confidence Takes Big Hit More than Mortgage Rates

Over the past three months, the average mortgage rate has dropped significantly and while it should be a humongous advantage in the housing market, most of the reaction has been negated in terms of home sales, as well as the construction of new homes. One of the CEO’s…
Real Estate

Mortgage Demands Fall as Interest Rates Crash

Last week, the middle of the month in August marked a detrimental and monumental week in real estate history. Homeowners were able to breathe easily after there was a humongous rush when it came to people refinancing their home. Because of this, mortgage applications dropped…