Heavens Realty

WRAPUP 1-US new home sales fall, but trend remains strong
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WRAPUP 1-US new home sales fall, but trend remains strong New home sales in the US fell 2.5% in June, but were still up 23.8% year-on-year. The median new house price dropped 4.0% year-on-year. The housing market is showing signs of stabilization, with an acute shortage of previously owned homes underpining demand. Despite rising mortgage rates, the Fed ra...

Simple Trick Saves Buyers Thousands of Dollars
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Simple Trick Saves Buyers Thousands of Dollars By making bi-weekly mortgage payments, a buyer can save up to $20K in interest on a $200K loan with a 4.1% APR over a 30-year loan. This is because 26 half-payments or 13 full payments are made per year, instead of the usual 12 payments. This results in paying less interest over time and building eq...

Mortgage applications surge with decrease in rates
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Mortgage applications surge with decrease in rates The Mortgage Bankers' Association's economist, Joel Kan, reported that the MBA Mortgage Applications Composite Index increased by 7.2% compared to a 1.4% decrease a week ago. The Purchase Index increased by 7.6% compared to a 1.7% decrease in the previous week, while the Refinance Index increased by...

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Home Evaluation Estimate | roomvu How much is your home worth? Type your property address and get a quick home estimate.