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The Blanchard Group Keller Williams Realty Blog

Monday, November 16, 2015   /   by Anthony Dazet

Average US rate on 30-year mortgage jumps to 3.98%

WASHINGTON —Average long-term mortgage rates jumped for a second straight week as expectations grew that the Federal Reserve may soon raise its key short-term interest rate, The Associated Press reports.The Federal Home Loan Mortgage Corporation says the average rate on a 30-year fixed-rate mortgage rose to 3.98 percent from 3.87 percent last week, the highest level since July.The Fed recently indicated a rate hike could come at its next meeting in December, the AP reports.

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Wednesday, October 14, 2015   /   by Anthony Dazet

6 challenges for homebuyers in New Orleans and elsewhere - NOLA.com

By Greg LaRose, NOLA.com | The Times-Picayune Email the author | Follow on Twitter on October 14, 2015 at 7:07 AM, updated October 14, 2015 at 11:39 AM

Recent home shoppers know it's a sellers' market, not only in New Orleans but also throughout the United States. The lack of existing inventory and new construction means buyers don't have much bargaining power, especially in popular neighborhoods.
These competitive conditions are forcing an increasing number of prospective buyers to stay out of the market, opting instead to rent or remain in their current home rather than upgrading. First-time buyers accounted for 23 percent of U.S. home purchases in 2014, down from 26 percent in 2010.
These were among the trends Paul Bishop noted in his presentation Monday (Oct. 12) at the fifth annual Economic and Real Estate Forecast Symposium. The vice president of research for the National Association of Realtors took part in the two-day event at Loyola Unive ...

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