Click Here for COVID-19 Info
Alamo Title Company

News


Instant Reaction: Mortgage Rates, September 17, 2020
Mortgage rates have stabilized near record lows but rates could fall even further this year. The 30-year fixed-rate mortgage inched up to an average of 2.87% this week from 2......

The Fed doesn’t directly set mortgage rates, but its near-zero policy is still good for borrowers
...What does the Fed’s commitment to low interest rates mean for mortgage rates, which aren’t set by the Fed? The short answer: It’s complicated, but rock-bottom rates from the Fed indicate continued......

What the Fed's Extended Low Rate Means for Mortgages
...not the rate consumers pay, and it doesn’t often directly influence mortgage rates, although it does often have an impact. The committee on Wednesday also announced that in order to keep credit......

Majority of Young Adults Are Now Living With Their Parents
...prior to the pandemic, which has been having an influence on the housing market. Because of it, the growth in new households has trailed population growth. Between February and July, the number......

Housing starts fall more than forecast on multifamily drop
...in the tropical storm-hit South, representing a pause in momentum for a housing market that's been a key source of fuel for the economy. Residential starts decreased 5.1%, to a 1.42 million......

Rhode Island single-family houses hit record price in August
...declines from the same month a year earlier. "The activity in the housing market has been remarkable, particularly in light of what we've been going through with the pandemic this year," association......

Mortgage rates hold steady, remain near all-time low
Mortgage rates remained relatively flat, rising a single basis point off of last week's record low, according to Freddie Mac. Those low rates are bringing potential first-time homeowners into......

Las Vegas home-price surge spotlights disconnect in U.S. economy
...buyers from high-cost markets in California or New York, drawn by record-low mortgage rates and Nevada's lack of income tax, a wager on a Vegas home looks like a sure thing right now. But in......

Here’s what happens when your bank fails
...of relief, thanks to the protection of the Federal Deposit Insurance Corporation (FDIC). So far, 2020 does not feel anywhere close to those doomsdays. In fact, only two banks – Ericson State......

30-year mortgage holds near record low, Freddie Mac reports
...With the U.S. economy in recession because of the coronavirus pandemic, mortgage rates have plunged to record lows. In  a separate survey of rates by Bankrate , the average 30-year fixed-rate......

What does a title company do?
...help close the transaction with fewer delays, a title company also provides title insurance to the new owner and the mortgage lender. Here’s what you need to know. What is a title company? A......

Merced-area real estate prices continue to surge amid pandemic
..." Many agents feel once Merced County gets through the pandemic the housing market will stabilize. "I think it's definitely tied to the pandemic and the low interest rate," Krotik said. "Once......

Mortgage Refinance Rates Today, September 17, 2020 | Rates tick lower
...see where rates are right now? Lenders nationwide respond to Bankrate’s weekday mortgage rates survey to bring you the most current rates available. Here you can see the latest marketplace......

Will The Latest Stimulus Proposal Stop A Potential Housing Crisis In 2021?
...s unlikely the proposal would stop a potential wave of evictions and foreclosures next year if the economy doesn’t rapidly improve. Straight cash for people who are behind on their mortgage......

Mortgage Interest Rates Today, September 17, 2020 | Rates ease
Multiple closely watched mortgage rates sunk lower today. The average rates on 30-year fixed and 15-year fixed mortgages both fell. On the variable-mort......

How San Francisco’s Tenant Protection Policy Is Stabilizing Low-Income Communities
...used in the same sentence, at least when it comes to the housing market. But a program called Community Opportunity to Purchase Act (COPA) changes the way in which multifamily rental projects......

Mortgage lenders are adding the refinancing fee. You can still avoid it if you act now.
...much on the fee anyway. Even once it is implemented, 30-year fixed mortgage rates should remain below 3 percent — a great deal by any measure, according to Ishbia. Bottom line The FHFA mortgage......

The Before and After – Part 14
...and their pooches. So, the Coastal Carolinas Association of REALTORS® (CCAR) used NAR’s Placemaking grant to create two areas for a dog park; one for smaller dogs and another fenced in area for......

30-year mortgage rate breaks through to another record low
Mortgage rates fell to new a record low this week. The benchmark 30-year fixed-rate mortgage dropped 2 basis points to 3.09 percent from a week earlier, according to Bankrate’s......

Mortgage originations set for a record year, Fannie Mae predicts
...originations, based on low rates driving refinancings and stronger-than-expected new and existing home sales activity. The latest forecast calls for $3.87 trillion in mortgage originations......

iBuying Giant Opendoor Is Going Public Through a Merger
...staff as the newer iBuying model was affected by a suddenly cooling housing market. However, the housing market came roaring back as states began to reopen, which prompted Opendoor and the......

Is Your Housing Market Considered a ‘Zoom Town’?
A “zoom town” is a new nickname for a housing market that is suddenly booming as remote work takes off. NPR’s Planet Money. coined the term as more Americans, no longer bound by a commute during......

NAR, White House Officials Meet to Discuss Eviction Ban
...concerns over a recent executive action halting evictions through 2020. Alongside other NAR liaisons and committee leaders, Malta stressed the need for a more sustainable long-term solution to......

30-year mortgage rate slips to new low as Fed vows to keep rates down
...does not include information about every financial or credit product or service. Mortgage rates fell again for the umpteenth time this year, with the 30-year fixed......

15-year mortgage rate slides again to new record low
...With the U.S. economy in recession because of the coronavirus pandemic, mortgage rates have plunged to record lows across loan periods, and have stayed down throughout the summer. The 30-year......