Bay Equity News
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Average rates remained relatively flat throughout March continuing weekslong narrow path as bond yields undulate with traders’ economic concerns.
The current rate stability is expected to draw more buyers back into the purchase market in late spring or early summer.
The weekly average mortgage rate dipped to its lowest level of the year in March. Additionally...
Home equity remains one of the key financial advantages of homeownership. It’s how many homeowners build wealth and when accessed it can provide funds for a range of uses.
According to CoreLogic the average homeowner is now sitting on approximately $311 000 in equity. On average each gained about $5 700 in equity in 2024...
Mortgage rates edged lower in February potential good news for the spring homebuying season.
Price growth has slowed from double digits during the pandemic to 4%-5% a year close to the same growth rate as before 2020. Still the median U.S. home price sits well above $400 000 and elevated mortgage rates make monthly payments...
February is a good time to tackle a few simple projects to keep warm air inside your home while preventing cold drafts from seeping through.
It requires minimal time tools and materials and even if the groundhog brings an early spring you will be ready for next winter!
Start by identifying drafty areas. Common culprits include...
Like the groundhog’s long shadow the housing market continues to be clouded in the chill of higher mortgage rates and an uncertain economy as 2025 gets underway.
With inflation and interest rates in limbo no one can say for certain whether the market will experience a spring thaw or remain stuck in deep freeze.
Throughout 2024 voters...
A December survey from the New York Federal Reserve shows increasing American optimism about household finances.
The percentage of respondents expecting their financial situations to improve the next year surged to 37.6% the highest level since early 2020 just before the Covid-19 pandemic. This is an 8-percentage-point jump from October and reflects growing confidence in...
