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Century 21 American Homes would like to congratulate Larry Theodore - Licensed broker associate - Farmingdale.
Larry was recently honored at the Century 21 Awards Banquet for being the top-producing Century 21 real estate agent in the New York metro region for 2016, as well as one of the top 21 agents in Century 21 Worldwide.
Source: Newsday.com
If you're not planning on buying a home any time soon, perhaps you should be. Just over half (54 percent) of Americans say they are likely to buy a home in the next five years – up 12 percent from last year – according to the 2017 BMO Harris Bank Homebuyers Report. In addition, Americans surveyed will average a 32 percent down payment.
The report, conducted by Pollara, also found that:
- Among likely first-time buyers, 80 percent plan to get preapproved for a mortgage before making an offer and 10 percent are already preapproved.
- Around four-in-five will set a budget before looking for a home.
- The majority (65 percent) of those looking to buy a new home will consult a real estate agent, while 61 percent said they will visit online real estate websites and 38 percent will seek recommendations from friends and family.
The...
Mortgage rates this week bottomed to a new low for the year, with the 30-year, fixed rate averaging 3.94 percent, according to Freddie Mac's recently released Primary Mortgage Market Survey® (PMMS®). The 15-year, fixed rate, at the same time, averaged 3.19 percent, while the 5-year, Treasury-indexed hybrid adjustable rate averaged 3.11 percent.
[caption id="attachment_10457" align="aligncenter" width="550"]
modern yellow detached house in the suburbs[/caption]
"In a short week following Memorial Day, the 10-year Treasury yield fell four basis points," says Sean Beckett, chief economist at Freddie Mac. "The 30-year mortgage rate remained relatively flat, falling one basis point to 3.94 percent and once again hitting a new 2017 low."
Source: Freddie Ma...
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