A recent report released by MoneyWise shows that many metropolitan housing markets are becoming increasingly expensive, deterring millennials from purchasing homes. As the cost of living rises in these areas, millennials are forced to rent or purchase in less attractive areas, some with a considerable...
This year, the Dow Jones Industrial Average had its worst day of the year with an 800-point dive. Then, economists revealed that the bond yield curve inverted, which has been a strong indicator in the past of a future recession. Homeowners and mortgage industry professionals...
The average U.S. rate for a 30-year fixed mortgage has dropped to the lowest it has ever been since 2017, making many existing homeowners eligible for a refinance.
According to Freddie Mac, due to a housing supply shift, more homeowners are beginning to age in their existing home rather than upgrade into a new home. Unfortunately, this shift makes it increasingly difficult for millennials to purchase inexpensive starter homes like previous generations.
Envoy Mortgage, Ltd.
952 Echo Lane, Suite 190
Houston, Texas 77024
marketing@envoymortgage.com
1-713-977-8005
1-877-232-2461 (Toll Free)