Study Says: It's Easy to Get a Mortgage Again (Image credit: Image Source/Getty Images) For many, the path to becoming a first-time homeowner is an uphill climb. Student debt, low wages, high housing prices, and massive down payments can mean putting home-owning dreams on the back burner. But a new report provides a flicker of … Continue reading Study Says: It’s Easy to Get a Mortgage Again
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?
~ what are your thoughts? ~ Surging Mortgage Rates Set Off Scramble to Buy Homes U.S. homebuyers, already contending with escalating prices, now are getting hit with the most-expensive mortgage rates in seven years. Funny thing: It’s only making them move faster. The average rate for a 30-year fixed mortgage jumped to 4.61 percent, up … Continue reading Surging Mortgage Rates Set Off Scramble to Buy Homes
After nearly nearly 35 years of bond yields steadily ticking down (and prices going up),the market has turned in the past few months. The yield on 10-year US Treasury touched its highest level since 2011 this week, at 3.09%. This “historic” move is generating anxiety among investors, as higher yields can be considered a bad… via … Continue reading Quartz – How High will Int Rates go?
~ a payment at the below interest rate of 4.46% would be $1410 for a $350,000 home with 20% down, not including taxes and insurance. The article states the rate at 4.21% from one year ago which would be $1370 for the same parameters. That's a $40 increase which adds up especially when buying a … Continue reading US mortgage rates climb to 4-year high
~ take a look at these ~ Current market rates The average 30-year fixed rate mortgage (FRM) rate for the week ending December 14, 2017 increased slightly to 3.84%. The 15-year FRM rate remained level at 3.15%. With the slow decline of the past year now reversing, rates will slowly rise going forward. The financial markets going into 2017 saw a … Continue reading Current market rates
The Pros and Cons of a 15-Year Mortgage Mortgage companies frequently pitch their 15-year mortgage ads online. And if you aren't running into ads, if you buy a house, you'll certainly be asked if you'd like a 15-year mortgage instead of the standard and conventional 30-year loan. All of which could make anyone wonder – … Continue reading The Pros and Cons of a 15-Year Mortgage
" 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!
Rates Spike While FICO Scores Decline Author: Scott Morgan in Data, Headlines, News February 20, 2017 0 While 30-year notes rose in January, average FICO scores on refinances dropped across the board, according to the latest Origination Insight Report by Ellie Mae. “Rates continued to increase in January and with that we began to … Continue reading Rates Spike While FICO Scores Decline
Mortgage Rates are Climbing . . . What Now? Mortgage interest rates rose for the fifth week in a row and are at their highest level in more than a year, according to Freddie Mac’s latest Primary Mortgage Market Survey (PMMS) released on Thursday. The average 30-year FRM climbed by another 5 basis points up … Continue reading Mortgage Rates are Climbing . . . What Now?