Mortgage Rates Dip From Previous Week

After holding steady over the past two weeks, key mortgage rates fell amid signs of a weakening economic recovery. The drop in rates comes after averages spiked by more than a percentage point since early May, and is attributed to monthly sales growth and production output that were far less than what was forecast. The average rate on a 30-year fixed mortgage loan dropped 0.07 percentage point this week, according to the latest survey from mortgage buyer Freddie Mac. After hovering at 4.57 … [Read more...]

Give your home a boost with these 5 trending designs for 2013

Wondering what the home design trends are?  A team from Realtor.com attended the Dwell on Design 2013 show in Los Angeles and reported back on some of their findings. For the third year in a row, the realtor.com team attended the Dwell on Design show at Los Angeles Convention Center to see the latest trends in design. This year’s show was the most energetic in recent years, with more exhibits than ever. The last few years focused on green and sustainable designs, and while sustainability was … [Read more...]

What are easements and how do they affect the buying and selling of homes?

As you search for a home, you may run across the term "easement" in a property listing.  We found an article that helps explain what an easement is. An easement is a legal arrangement by the owner of the property and a nonowner to use the property in some fashion. You may see this term used in listings where a home is located near a public recreational area. For example, the property may come with a walking easement to the nearby lake. You can read the entire article here … [Read more...]