Which College Graduation Class Holds the Most Housing Weight?

  Which College Graduation Class Holds the Most Housing Weight? Author: Aly J. Yale in Data, Headlines, News February 3, 2017 0 The class of 2008 is the most likely to buy and mortgage a higher-priced home, according to recent data from LendEDU, a student loan debt consolidation company based in New Jersey. With the … Continue reading Which College Graduation Class Holds the Most Housing Weight?

How Credit Scores and Real Estate Impact Your Wealth

How Credit Scores and Real Estate Impact Your Wealth I often hear people say that buying a house is the best tool for building wealth. Is that really true? That depends on many factors. In this article, I look at how a credit score will impact that conclusion. Some people are really unsure of what … Continue reading How Credit Scores and Real Estate Impact Your Wealth

Mortgage Rates are Climbing . . . What Now?

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?

Difference Between Fixed and Adjustable Rate Mortgages

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

No Change in Credit Scoring System for Fannie/Freddie

Fannie and Freddie have yet to change scoring system for mortgage applicants Critics of current credit rating method claim it makes many people look less creditworthy than they are. (iStock) By Kenneth R. Harney Real Estate November 30 at 7:00 AM You probably know that your credit score is a crucial factor in your ability … Continue reading No Change in Credit Scoring System for Fannie/Freddie

Can you be denied a mortgage if you’re pregnant?

Can you be denied a mortgage if you’re pregnant? Hematologist Elizabeth Budde was far along in her pregnancy while also house-shopping, looking for the perfect place in Kenmore, Washington to raise her first child. She knew that once the baby was born, she’d have very little spare time to look for a house, so now … Continue reading Can you be denied a mortgage if you’re pregnant?

Not Shopping Around for your Mortgage?

Survey Finds Consumers Do Not Bargain Hunt for Mortgage Loans From MReport 10/12/15 Although the majority of Americans consider themselves bargain hunters when shopping for various items or services, less than one-third of these consumers do not shop around for better prices when searching for a mortgage loan. A recent study from LendingTree found that … Continue reading Not Shopping Around for your Mortgage?

30 Year Mortgage Rate Falls

Average rate on 30-year  mortgages falls to 3.86% Home for sale Mark Humphrey / AP A home in a new development in Nashville, Tenn., is marked sold. Average long-term U.S. mortgage rates declined this week following the Federal Reserve's decision to keep interest rates at record lows for now. Mortgage giant Freddie Mac says the … Continue reading 30 Year Mortgage Rate Falls

Lock in your mortgage rate

Lock it in: How (and when) to secure a low mortgage rate From Credit.com 6/9/15 Mortgage rates have been trending upward in recent weeks, so if you're starting the process of buying a home, now might be a good time to lock in your rate. Deciding when to lock isn't just about market conditions, because … Continue reading Lock in your mortgage rate

Refinance your house now!

Missed out on refi boom? You may be in luck From MainSt 1/23/15 The housing crash put a lot of homeownership dreams on hold. Lending went from paperless applications and mindless approvals to stringent restrictions, pristine credit requirements and creeping rates. Not only was buying a home growing out of reach for first-timers, but refinancing … Continue reading Refinance your house now!