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Mortgage Rates Remain Stable for Now

Mortgage rates held steady this week as the world awaits more information about the severity of the omicron variant of COVID-19 and ongoing supply chain issues. The 30-year fixed-rate mortgage averaged 3.11%, Freddie Mac reports.“Mortgage rates continue to remain stable notwithstanding volatility in the financial markets,” says Sam Khater, Freddie Mac’s chief economist. “The consistency of rates in the face of changes in th

Congress Passes Short-Term Funding Extension

Congress cleared a short-term funding extension Thursday night, avoiding a government shutdown slated to begin this weekend. The measure keeps spending at current levels through Feb. 18 and extends authorization for the National Flood Insurance Program.The move takes one item off the legislative to-do list during a busy December. Congress has yet to pass any of the 12 annual appropriations bills and will need to strike a longer-term spending

Has 2021 been a $2 Trillion Year?

The booming real estate market is on a pace to shatter records this year. The real estate data firm CoreLogic reports that the total value of residential real estate transactions in 2021’s second quarter topped $600 billion for the third time in the past year. That puts the market on track for a record-breaking year, CoreLogic says.“The value of transactions has skyrocketed despite sales volumes continuing a relatively normal growth trend,”

REALTORS: Imagine what we can do Together

   iPro was founded on the idea of building a better living with champion real estate services. We focus on incorporating and mastering the latest technologies and perform all types of real estate transactions. Our team of professionals set a stronger standard of business and give superior results.SOME OF OUR BENEFITS INCLUDE Low Broker FeesOur low compensation plan along with not having to pay any fees until closings. Transaction

Welcome Broker-Partner Ronald Johnson

iPro was founded on the idea of building a better living with champion real estate services. We focus on incorporating and mastering the latest technologies and perform all types of real estate transactions. Our team of professionals set a stronger standard of business and give superior results.Click here for information on becoming one of our Broker Partners.

2022 Outlook for Home Sales, Prices in Largest US Cities

As the latest coronavirus variant remains a wild card for the housing market, real estate experts are still predicting a mostly lively year for home sales in markets across the country.However, home shoppers may find some relief for escalating home prices, which have been trending with double-digit increases over the past year. Lawrence Yun, chief economist of the National Association of REALTORS®, said earlier this week in a housing report that

Mortgage Lending Drops Sharply in Third Quarter

Mortgage lending declined at an unusually fast pace across the country during the third quarter, according to a newly released report from ATTOM Data Solutions on mortgage originations. The percentage of mortgages secured by a residential property in the third quarter slipped by 8% compared to the second quarter, the largest quarterly dip in more than a year, researchers note. This also marked the first time in any year since at least 2000 that l

Higher Mortgage Loan Limits Set for 2022

The Federal Housing Finance Agency announced Tuesday that conforming loan limits for mortgages backed by Fannie Mae and Freddie Mac will jump in most of the country to $647,200, an increase of $98,950 from 2021’s limit of $548,250. The higher levels are in response to rising home prices over the past year.The FHFA’s House Price Index shows that home prices rose 18.05%, on average, between the third quarters of 2020 and 2021. The 2022 conformi

5 Housing Trends to Watch in 2022

Home sales and home prices likely will moderate from recent highs in the new year, but economists expect the hot housing market to continue nonetheless.A competitive seller’s market is likely to stick around in 2022, but economists believe buyers may see better opportunities. Still, housing affordability challenges will persist, they say.“Americans are poised for a whirlwind year of home buying in 2022,” says Danielle Hale, realtor.com®’