With average 30-year mortgage rates reaching 7.79 percent in October – the highest level since 2000 – lenders were forced to get creative financing homes, leading to high customer satisfaction in 2023.
KeyBank, an Ohio-based $195 billion-asset regional bank with a presence in Massachusetts and Connecticut, reported it funded more than $1 million for its special purpose credit program for homebuyers.
By three different measures, the cost of buying a home in America is going through the roof – so high that one analysis says housing affordability is the worst it’s been since 2006.
Over the next few months, the White House is likely to propose two major tax changes that could impact the housing sector. These two ideas, however, should be chucked in the circular file.
A new study from the Harvard Joint Center for Housing Studies has found the large number of Millennials entering prime first-time homebuying age in recent years has not compensated for the decline in first-time homebuying caused by the smaller Generation X from 1997 to 2013.
The Federal Housing Administration is changing regulations to make it easier for more first-time condominium buyers to receive mortgages.
Hartford-area homeowners are catching a break on their mortgage payments, according to a new report from homebuying finance company Unison.
The latest analysis from consumer website WalletHub ranks five Connecticut cities in the bottom half of best places for first-time homebuyers across the county.
Maryland’s SmartBuy program, which helps first-time homebuyers free themselves from student debt to buy state-owned REO properties, is featured in the March 2018 edition of the Down Payment Report.
The Connecticut Housing Finance Authority (CHFA) recently announced plans to offer $185 million in bonds in August due to increasing demand from qualified homebuyers.
