PMR Mortgage Blog

It’s still less expensive to buy than to rent a home

It’s still less expensive to buy than to rent a home

A new report took a close look at rental affordability and found that it’s cheaper to buy than rent in a majority of the country. The ATTOM Data Solutions Rental Affordability Report took the median price for a three-bedroom home in 915 counties and compared the costs...

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Homeowners gain $1 trillion in home equity

Homeowners gain $1 trillion in home equity

Despite the pandemic’s weighty impact, it did little to slow down the ability for homeowners to earn wealth this year. In the third quarter of 2020, homeowner equity rose to its highest level in six years. According to CoreLogic, a majority of homeowners saw their...

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Annual Season of Giving fulfills Christmas needs of 14 seniors

Annual Season of Giving fulfills Christmas needs of 14 seniors

The Annual Season of Giving is upon us — and it couldn’t have arrived at a more appropriate time. This holiday season is always special, particularly when we can reach members of the community directly. This year, of course, will be unlike any other we’ve experienced....

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You can make contact-less donations to Idaho Humane Society

You can make contact-less donations to Idaho Humane Society

Premier Mortgage is proud to announce that its PMR Gives Back program will hold a no-contact drop-off experience for people interested in giving to the Idaho Humane Society this holiday season. The pandemic brought us closer to our furry friends as we spend more time...

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Homeowners see equity surge

Homeowners see equity surge

When the pandemic began, the real estate market took a turbulent but brief turn. Today, market performance is exceeding expectations with favorable trends of low interest rates, high buyer demand and rising home values. In the second quarter, homeowner equity surged...

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Millions of Americans could benefit from a home refinance loan

Millions of Americans could benefit from a home refinance loan

Nearly 20 million American homeowners qualify for refinance programs that will save them hundreds of dollars per month on their mortgage. Freddie Mac’s Mortgage Market Survey also shows a seven-basis point drop in the 30-year mortgage rate. It’s a new record low. The...

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Low rates lead to best housing affordability in years

Low rates lead to best housing affordability in years

Housing affordability hasn’t looked this great in years. Freddie Mac’s 30-year fixed rate mortgage has led to some of the better home affordability in four years. As of July, buying a home required under 20 percent of the nation’s media monthly income. The consumer...

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Homeownership hits its highest rate since 2008

Homeownership hits its highest rate since 2008

Despite the economic uncertainty during the COVID-19 pandemic, Americans fueled a remarkable milestone within the real estate market. Homeownership moved significantly in the second quarter, driving the rate to its highest level since 2008. The U.S. Census Bureau...

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Consumer confidence drives real estate market

Consumer confidence drives real estate market

This spring, a key housing index fell to a record low amid the COVID-19 pandemic. Much to the surprise of many, the market bounced back impressively thanks to consumer confidence and ultra-low interest rates. Fannie Mae’s Purchase Sentiment Index fell 29.5 points in...

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After massive drop-off, homebuilders’ confidence is sky high

After massive drop-off, homebuilders’ confidence is sky high

The COVID-19 pandemic poses serious health and economic challenges. The extent of the harm also touched the confidence of even the biggest economic drivers of the real estate market: homebuilders. It was April when the prospects of shuttered businesses and a prolonged...

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