Vero Beach Real Estate
The question on everyone's mind who has even been remotely thinking about buying a home is, "are Vero Beach mortgage rates still headed higher?" All indications are, not for the time being. When the Federal Reserve surprised everyone when it announced it would not start tapering its purchase of mortgage-backed securities and Treasure bonds, it basically said to prospective buyers […]
If you're a Vero Beach homeowner with a mortgage loan insured by FHA (Federal Housing Administration) or VA (Department of Veterans Affairs), you should consider using your mortgage loan term as a marketing tool when it comes time to sell your Vero Beach home. A mortgage loan from both government agencies includes a little-known feature known as assumability. In other […]
During the days of the housing boom, "sub-prime mortgages" — aka 'home loans for people with bad credit' — were very popular. After the housing bust and the financial crisis of 2008, most banks stopped issuing sub-prime mortgage loans, and it became much more difficult for people with bad credit to qualify for a loan to buy a house. Now […]
Fannie Mae still believes that higher mortgage rates won't hurt the Vero Beach housing recovery. After looking at mortgage rates going back to 1990, Fannie Mae's researchers came to the surprising conclusion that while rising rates were likely to hurt the number of home sales, they had virtually no impact on actual home prices. The study, which compared historic mortgage […]
Vero Beach home sales rose in July to their highest level in over three years, with year-over-year prices again showing double-digit gains. Rising interest rates as well as rising prices are expected to tamp down both prices and the number of Vero Beach home sales in coming months, as homes get less affordable. The shortage of homes for sale, particularly […]
