Mortgage rates are trending high across the board, with the current 30-year fixed rate being 8.16%, 15-year fixed rate being 7.24%, and 30-year jumbo rate being 8.07%. These rates are significantly higher than last year's, with the 30-year fixed rate being 5.70% and the 15-year fixed rate being 5.00%. Mortgage rates are determined by the overall economy, inflation, and actions of the Federal...
Halloween falls on October 31 because the ancient Gaelic festival of Samhain, considered the earliest known root of Halloween, occurred on this day. In the eighth century, Pope Gregory III designated November 1 as a time to praise all saints. Soon, All Saints' Day incorporated some traditions of Samhain and the evening before was known as All Hallows...
The Georgia Department of Community Affairs is opening applications for the Housing Choice Voucher Program. This program, funded by HUD, aims to assist low-income families and individuals in obtaining safe and sanitary housing. Eligibility for the program is based on factors such as total annual gross income, family size, and immigration status....
The Housing Choice Voucher Program in Georgia will open its applications for the waitlist for three days in October, allowing families who need assistance covering their rent to apply. A lottery system will be used to select who will be added to the waitlist and those selected will be randomly placed on the list to get a housing voucher. The Department of Community Affairs is also looking for renters to...
With mortgage rates at 7.67%, buying a home may not be the most financially viable option. The Mortgage Bankers Association reports that while the average 30-year fixed rate mortgage is at a high, the rate on the average 5-year adjustable-rate mortgage (ARM) actually went down to 6.33%. This has caused a surge in ARM applications, and is the highest since November 2022. Real estate experts explain the...
Investors should focus on property value over interest rates....
The first step in ensuring you pay the correct property tax amount is to file for exemptions....
The housing market in September showed a decrease in actively listed homes, newly listed homes, and total unsold homes compared to last year. However, the median price of homes for sale increased slightly, and the inventory of homes for sale increased from August. Despite this, total listings were still 12.2% lower than the same time last year, leaving buyers to contend with higher listing prices,...
Mid-Q3 saw a slowdown in Real Estate activity, while the housing market experienced rising prices and decreasing inventorySales and Inventory: New Listings: ↓7% to 16,054 Pending Sales: ↓15% to 10,640 Closed Sales: ↓12% to 11,468 Inventoary: ↓4% to 27,387 Prices and Days on Market: Median Sales Price: ↑3% to $356,688 Average Sales...
Last week, US mortgage rates topped 7.5%, the most since mid-August, and applications for home purchases tumbled to a multi-decade low. This illustrates the battered housing market, caused by aggressive interest-rate hikes by the Federal Reserve, soaring bond yields, and rising mortgage rates and home prices. This has created one of the most unaffordable housing markets on record. The Federal Reserve is...
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