IMF head Christine Lagarde warned of souring global growth prospects at a Council of the Americas speech Wednesday. But this hasn't registered in the U.S. housing market yet, according to Freddie Mac's latest Primary Mortgage Market Survey.

Thirty-year fixed-rate mortgages averaged 3.85% during the week ending Oct. 1 — merely a one-basis-point decrease from last week, the weekly report found. The 15-year FRM averaged 3.07%, also a one-basis-point increase from the week ending Sept. 24.

Similar short-term trends were observable in adjustable-rate products. The five-year Treasury-indexed hybrid loan and one-year Treasury-indexed ARM were both unchanged week-over-week, averaging 2.91% and 2.53%, respectively.

But given a longer outlook, these indicators have dropped significantly. Thirty-year FRMs averaged 4.19% in the same period last year, while 15-year FRMs averaged 3.36%, which represents a 34-basis-point and a 29-basis-point drop, respectively.

Mortgage rates have slid in recent months. This is the 10th consecutive week they have stayed below the 4% benchmark.

They’re those much-discussed, much sought-after, in some corners much drooled-over striking, iconic wood-and-glass structures with open floor plans, seamless integrations with their natural surroundings, and pedigrees from world-class architects whose very names—Eichler! Neutra! Wright!—send spasms of envy into the hearts of many home seekers.

Owning an architecturally significant home from what’s become a visually fetishized era, the middle of the past century, can be the culmination of a lifelong dream—or a total rehab nightmare.

For home buyers considering a Mid-Century Modern residence, it’s important to go in with your eyes open, and that means asking the right questions.

The financial side of home buying can sometimes feel like a nightmare in which you’re stuck in a calculus final that never ends—and you’ve forgotten the meaning of everything.

PITI (or principal, interest, taxes, insurance)? Prepayment penalties? Contingencies? “Confusing” is an understatement. We’re the first to admit that looking for a house is lots of fun—but paying for one? Not so much.

But if you have a solid mortgage broker to help tutor you through the process, you’re guaranteed to bring your A-game to the home-buying table. In addition to helping you find the best deal, a mortgage broker is also an invaluable resource for newbie buyers trying to understand how this complex, and often tortuous, undertaking works.

Here’s what your mortgage broker wishes you knew from the start:

Moving is such sweet sorrow. There’s the joy and anticipation of settling into your new space and the pain of leaving the old one behind.

Over on Houzz, they’ve come up with some easy steps to make letting go a little less hard. Take lots of photos, of course—but you already knew that. How about taking a bunch of shots when the place is a total mess? They’ll likely help you recall the true everyday vibe of the home you’re leaving behind way better than those pristine listing photos do. Such untidy, antistaging pictures will “provide a more meaningful record of your house and how you used it,” they write.

Another idea: Fete the home in style with a farewell party, no matter the number of boxes strewed about. “String up some lights, play some music and enjoy the house with the family and friends you’ve shared it with over the years.” And don’t forget to raise a glass to your soon-to-be former abode. They also suggest leaving a little something behind, perhaps a little talisman of sorts, even if it’s hidden in the attic. OK, that’s beginning to sound a bit weird…

As for your new home, if Fido and Tiger are coming along, ease them into the new place, too—don’t underestimate their feelings. “Cats should be kept inside the house for a week or so,” they write, “to prevent them from trying to return to your old home.”

Hendersonville, NC (July 29, 2015) – Hendersonville Board of Realtors presented Henderson County Habitat for Humanity a check for $3,000 on July 29 at their general membership meeting. The money was raised through their annual charity golf tournament held on May 11 at Kenmure Country Club.
About Henderson County Habitat for Humanity
Henderson County Habitat for Humanity, a Christian organization, builds quality affordable homes, creates strong communities, and changes lives by partnering with committed volunteers, professional staff, and eligible families living in inadequate housing. For more information about Henderson County Habitat for Humanity, please visit, find us on Facebook, or follow us on Twitter @habitatie.
About Hendersonville Board of Realtors
The Hendersonville Board of REALTORS® is a nonprofit membership organization for Realtor members, serving Henderson, Polk and surrounding counties. For more information, please visit our website or find us on Facebook for the most accurate information regarding buying and selling your home.