Author: CBC National Bank

13
Jul
2021

The Younger Generation is Looking To Buy Houses

  Mortgage   0 Comment

The current housing demand is unparalleled and because of this demand, home prices are skyrocketing. Nonetheless, people continue to shop for homes. Low-interest rates and high demand combined with supply chain issues are stunting the homebuilding industry, creating a perfect storm for an unprecedented housing market. In addition, there are many millennials who are looking for homes right now as well. Why is this the case?

02
Jul
2021

Have a Weekend to Spare? Consider These Quick Renovations to Add Value to Your Home

  Around The Home   0 Comment

Homeowners who are thinking about listing their home for sale in the coming weeks or months may be focused on improving their home to help it sell more quickly, but there also may be a focus on adding value to the home in the process. In fact, these are a few simple and easy projects that can typically be completed over the course of a weekend; that can add value and desirability to the home.

01
Jul
2021

There Are Major Incentives For Homeowners To Sell Their Homes Now

  Mortgage   0 Comment

Now is a great time to take out a new home loan because mortgage rates continue to hover near historic lows. As a result, many homeowners are refinancing to a lower rate. This is also the perfect time to move because homeowners can take out a new home loan with a lower interest rate. Mortgage rates will not remain at historic lows forever and have already begun to rise slowly this year. Homeowners should sell now and take out a new home loan before they rise too much.

30
Jun
2021

3 Reasons to Avoid Giving Wrong Information on Your Mortgage Application

  Home Mortgage Tips   0 Comment

Completing a loan application is among the first steps mortgage applicants take when applying for a loan, and it is easy to overlook the importance of providing accurate information at this stage in the process. It is best to take time complete the loan application as accurately as possible as it is a legal requirement and because of the other negative consequences.

28
Jun
2021

What’s Ahead For Mortgage Rates This Week – June 28, 2021

  Financial Reports   0 Comment

Last week’s economic reports included readings on sales of new and previously-owned homes. Weekly readings on mortgage rates and jobless claims were also released.

New Home Sales Fall in May

New home sales dropped to their lowest reading in a year in May with 769,000 new single-family homes sold on a seasonally adjusted annual basis. May’s reading was 5.90 percent lower than April’s reading of 817,000 sales but was 9.20 percent higher year-over-year.