Millennials Still Chasing American Dream Despite Hurdles
Posted on Nov 21 2016 - 11:07am by Housecall
Surprising to some, millennials are all about chasing the American dream and owning a home of their own despite current market and economic setbacks. This infographic from FirstTimeHomeFinancing.com explains what's keeping millennials from pursuing their home-ownership dreams and outlines several programs that could help them achieve their goals.
Mortgage Rates Just Saw Their Biggest Drop in a Year
You’ve been waiting for what feels like forever for mortgage rates to finally budge. And last week, they did – in a big way. On Friday, September 5 th , the average 30-year fixed mortgage rate fell to the lowest level since October 2024. It was the biggest one-day decline in over a year. What Sparked the Drop? According to Mortgage News Daily, this was a reaction to the August jobs report, which came out weaker-than-expected for a second month in a row. That sent signals across the financial markets, and then mortgage rates came down as a result. Basically, we're seeing signs the economy may be slowing down, and as certainty grows in the direction the economy is going, the markets are reacting to what is likely ahead. That historically brings mortgage rates down. Why Buyers Should Pay Attention Now But this isn’t just about one day of headlines or one report. It’s about what the drop means for you. This...
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