Why You Should Get Pre-Approved for a Mortgage What is mortgage pre-approval and how can it help you to get the house of your dreams? Find out the answer here. Image Credit: Getty Images If you're shopping for a home, one of the first things you should do is go to the bank to … Continue reading Get Pre-Approved for a mortgage today, trust me
Mortgages fast approaching 5 percent, a fresh blow to housing market Mortgage rates hit their highest level in more than seven years this week at nearly 5%, a level that could deter many home buyers and represents another setback for the slumping housing market. The average rate for a 30-year fixed-rate mortgage rose to 4.9%—the … Continue reading Ready for the Rate Hikes?
Mortgage Interest Rates are Still Going Up… Should You Wait to Buy? Mortgage interest rates, as reported by Freddie Mac, have increased by close to a quarter of a percent over the last several weeks. Freddie Mac, Fannie Mae, the Mortgage Bankers Association, and the National Association of Realtors are all calling for mortgage rates to rise another quarter of a percent by … Continue reading Interest Rates have been Historically low, still waiting to buy?
The Fed just made life even worse for homebuyers As the busy spring selling season comes to a close, some Americans see their dream of homeownership under siege on three fronts. The housing supply is low. Interest rates are rising. And even Canada plays a foil: Tariffs on lumber have sent the price of construction … Continue reading Did it just get harder for homebuyers?
" May you always have walls for the winds, a roof for the rain and tea beside the fire, laughter to cheer you, those you love near you, and all that you heart may desire." Don't let your luck run out!
Here are the differences between the 2 types of mortgages you can get If you're planning on becoming a homeowner one day, you'll likely take out a mortgage to finance your purchase. The two most common types of home loans — fixed-rate and adjustable-rate mortgages — each have pros and cons, and choosing the right … Continue reading Difference Between Fixed and Adjustable Rate Mortgages
From The MReport.com 2/9/16 Although rents continue to rise at a rapid pace, many non-homeowners are still shying away from the real estate market due to down payment and credit score troubles. Zillow's Rent Forecast found that rents will flatten in 2016, but will still be unaffordable in most markets. This presents yet another challenge for … Continue reading Prospective Homeowners Held Back by Financial Situation
Is It Harder or Easier to Get a Mortgage Today? 1/28/16 . The federal government has made borrowing money easier for homebuyers with less traditional housing situations and lower incomes while making it more difficult for buyers with burdensome student loan and other debt to get mortgages. The changes are intended to reflect the realities … Continue reading Is It Harder or Easier to Get a Mortgage Today?
The Federal Reserve is expected to announce a rate hike soon. USA TODAY financial reporter Paul Davidson tells us what it could mean for the economy. USA TODAY Rising interest rates should only modestly slow rebounding industries, such as housing.(Photo: AP) 827 CONNECTTWEET 85 LINKEDIN 24 COMMENTEMAILMORE The Federal Reserve's expected hike in its benchmark … Continue reading How Fed Rate hike could affect Housing, Autos