Buying a Home
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Price, 76, served three terms from He is being remembered as a visionary leader and true character. The ninth grade was taught in a separate school then, in the current Prattville Kindergarten School building.
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Prattville Mayor Bill Gillespie Jr. The men's homes are within a half block of one another in downtown Prattville on Washington Street. It's a stretch dubbed "Mayor's Row," by locals. He taught me so much as a young man then, and later as an adult. So much of what we as a city take for granted today, goes right back to Mayor Price.
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It was his efforts that laid a foundation for Prattville to become what we are today. Lower mortgage rates are bringing out more potential home buyers. In markets that have seen prices become more moderate, supply is lower than it was a year ago and bidding wars are becoming more prevalent. He says his brokerage is starting to see an increase in the number of home buyers starting their searches and taking home tours following the latest mortgage rate drops.
In just a few months, home shoppers may begin to see a drop in the number of homes for sale, which could lead to the return of bidding wars and quicker home sales, a new report from realtor.
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With high demand for the limited number of homes for sale, buyers may need to be braced to pay higher home prices. The U. Properties in June spent an average of 56 days on the market, a two-day increase from a year ago.
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Newly listed homes have either declined or only increased very little in Consumers are showing slightly more concern over a potential recession and future economic growth that could be making them skittish. But low mortgage rates also may be keeping many homeowners in place. Seven years ago, the year fixed-rate mortgage reached its lowest average at 3. That prompted many homeowners to refinance and lock in lower monthly mortgage payments.
Move Inc. For most Americans, a home purchase is the biggest purchase of their life and thus requires taking on a large amount of debt. The average mortgage debt can vary considerably from state to state.
Wealthier states tend to have the highest amount of mortgage debt. Here are the top Read more The volume of loans with alternate documentation has more than doubled in the last two years among loans included in mortgage-backed securities, according to a report from Fitch Ratings. It does not require borrowers to prove their income or assets to be approved for the loan.
The loan program is available to investors, not owner occupants. These riskier loan products are appealing to borrowers who may be unable to qualify for a loan using traditional underwriting due to, for example, high personal debt-to-income ratios. So far, the loans have been performing better in recent years due to the Ability-to-Repay rule and other protective measures that have taken affect since the housing crisis, Fitch notes.