Little by little it's becoming a better time to be a home buyer, and 2015 will be no exception.

Today, U.S. Housing and Urban Development Secretary said the Federal Housing Administration (FHA) will reduce the annual premiums new borrowers will pay by half of a percent. Doesn't sound like a big deal, right? The reduction is expected to "save more than two million FHA homeowners an average of $900 annually and spur 250,000 new homebuyers to purchase their first home over the next three years," according to an official press release.

In addition, mortgage interest rates have been slipping in recent weeks, and though they're likely to rise by the end of the year, most experts say the average 30-year fixed-rate mortgage won't breach 5 percent this year.  And with house prices on the rise, there's a greater incentive to sell, and that means buyers will have even more choices this year. And, finaally, with the market fundamentals continuing to improve, financing a house has gotten slightly easier and slightly cheaper. An economist with CoreLogic recently predicted that with loans originated since 2009 performing extremely well, underwriting standards could be loosened without undermining the health of the recovery.

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