August 17, 2017
- Mortgage rates hit their lowest point since Trump was elected to president. Despite the lower mortgage rates, home seekers are not applying for home loans. In fact, home mortgage applications increased a mere 0.1 percent in the week prior. One may believe any increase is good for the economy; however, at this time last year, home mortgage applications were 22% higher.
- Harvard’s Joint Center for Housing Studies recently analyzed homes and their energy efficiency. The study determined homes are more energy efficient than they were in the early 2000s. For instance, in 2009, most homes built before 1980 were not properly insulated. Today, that is not the case, these same homes have received energy audits and have better energy efficient heating systems.