Kris Barros

Mortgage Interest Rates Drop

The Current State of Renting (and Buying)

By Kris Barros / July 12, 2019
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In a recent Freddie Mac survey, a record 82% of renters said renting is more affordable than owning. That’s up from the 67% who also thought it was cheaper just a year ago. That is a significant number of potential…

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Mortgage Interest Rates Drop

Does It Really Matter How Low Mortgage Rates Go?

By Kris Barros / June 28, 2019
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Predictions are always interesting. Of course some are more interesting than others, depending on topic. Some are scientific (like predicting the winner of the Super Bowl), while others are made for fun (like the weather). Mortgage guru Barry Habib made…

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Mortgage Interest Rates Drop

Misconceptions Among Potential Homeowners About What It Takes to Buy a Home

By Kris Barros / June 21, 2019
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The Fed left rates alone this week which was good news for the financial markets. It was not the best news for mortgage rates, but it wasn’t the worst either. A drop would have been nice, but not moving isn’t…

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Mortgage Interest Rates Drop

Mortgage Rates Are Low and Credit Is There — So, What’s Up?

By Kris Barros / June 14, 2019
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Mortgage rates are down and it appears homeowners have caught on and the industry is enjoying a refi boom. Mortgage refinance applications were up about 45% from the prior week. Lower rates, though, don’t seem to be creating significant numbers…

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Mortgage Interest Rates Drop

Is This a Sustainable Housing Market?

By Kris Barros / June 7, 2019
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“Tepid.” That’s been one description of the home purchase market this spring. Applications to purchase a home were off slightly for the week — but still a little better than this time last year. Pending home sales were down also,…

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Mortgage Interest Rates Drop

Why We Need to Stop Blaming Housing Market Malaise on the Trade War with China

By Kris Barros / May 31, 2019
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For many of us, “Made in China” was commonly found on the packaging of most of our toys as children. Electronics were “Made in Japan” until eventually those electronics were also made in China. A grandfather’s protest and objection to…

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Mortgage Updates

Is the Market Finding Its New Normal?

By Kris Barros / May 24, 2019
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Aprils home sales numbers didn’t reflect where rates were for the month. March rates were down (and down fairly dramatically) when April’s sales contracts were signed. You would have expected low rates to pull more borrowers into the spring home…

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Mortgage Updates

Freddie Mac Revises 2019 Forecast for the Mortgage and Housing Markets

By Kris Barros / May 17, 2019
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Freddie Mac recently revisited 2019 forecasts for the mortgage and housing markets. Home price appreciation was higher than expected in the first quarter of 2019. Although it was only slightly higher than previously projected, it led Freddie to revise their…

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Mortgage Updates

Getting Ready for the 2019 Hurricane Season

By Kris Barros / May 10, 2019
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Before summer even starts, the 2019 hurricane season will kick off June 1st. While it’s easy to just think about summer concerts and festivals rather than inclement weather, it’s a little more critical to be prepared in the event you…

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Mortgage Updates

Freddie Mac, the Fed, and Other Reasons Things Look Good

By Kris Barros / May 3, 2019
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Mortgage rates and concerns about those rates were eased as the Federal Reserve maintained its patient, wait-and see-attitude this week. Nothing from this week’s meeting indicates we are likely to see the Fed hike interest rates at any time in…

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