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Are you conflicted between buying a condo or renting an apartment? Choosing one over the other presents a very different type of lifestyle and it may be difficult to even know what the difference is between a condo and an apartment. So, which is better for your living situation? Let’s take a look at the differences to help you figure out which works better for you: a condo or an apartment? LEARN MORE What is a condo? A condo, also known as a condominium, is a private residence purchased by an individual homeowner or family in a building or community with several units. Read More
It doesn’t have to be expensive to keep your home looking stylish. And if a major makeover isn’t in your home’s immediate future, there are still many ways to keep your home looking contemporary without breaking the bank. Read More
When you make the decision to buy a home, there are several things to think about. One of the biggest considerations is affordability. Read More

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Cheaper Construction Loans Mean More Custom Homes

Posted To: MND NewsWire

Builders are finding that acquisition, development, and construction (ADC) loans in the last half of 2019 were both easier to access and less costly. That may be, in part, behind a fourth quarter 2019 surge in custom home building. The National Association of Home Builders' (NAHB's) quarterly survey of its builder and developer members found that the average interest rate on ADC loans declined in Q4 from 6.39 to 6.13 percent on loans for land acquisition and from 6.31 to 5.94 percent on development loans. Loans for single family spec construction declined 36 basis points to 5.63 percent and from 5.63 percent to 5.38 percent for pre-sold homes. It was the second consecutive quarter in which rates for all four loan categories declined. NAHB notes that, because ADC loans are typically short term...(read more)

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MBS Week Ahead: High Gear nCov Fear Pushing Rates Toward All-Time Lows

Posted To: MBS Commentary

Coronavirus (or nCov for short) made more disconcerting headlines over the weekend and has generally proven itself to be far more capable in that regard than its long lost cousin, SARS. When the nCov market narrative first emerged in mid-January, the comparison to SARS was still unknown. Now that the virus is unequivocally spreading faster, farther, and killing more people, markets are free to express more panic. But why panic? It's not as if nCov will kill more people than the flu does each year, right? So what's the big deal? In short, the big deal is that everyone is used to dealing with the flu. There are well-established figured on how many people will probably get it and how many of those will die. There's also a vaccine that is occasionally effective and that may at least...(read more)

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