Low interest rates, rising rents, and loosening mortgage guidelines have pushed refinances to a 47% market share. More purchases are getting approved, too. Continue reading
Archive | Mortgage
RSS feed for this sectionVA Mortgage Rates Beat All Others For 21st Straight Month
It pays to be a veteran. Using VA Benefits and the G.I. Bill, military borrowers get access to lower rates than the general U.S. population. Continue reading
Mortgage Rates Already Retreating From Freddie Mac’s Print Of 3.73%
Waiting to find a mortgage rate in the 3s? It’s a good time to get one. Analysis of the weekly Freddie Mac survey, plus live rate quotes and expert mortgage rate forecasts. Continue reading
Consumers Underestimate How Quickly Home Values Rise
In today’s housing market, is it better to be a buyer or a seller? Data from Fannie Mae’s National Housing Survey suggests both sides have advantages. Continue reading
NAHB: Home Builders Seeing An Increase In Buyer Foot Traffic
Homebuilder confidence remains strong with the 2016 Housing Market already underway. Builders are signaling to buyers that home prices will climb. Continue reading
Federal Reserve “Eases” Forward Guidance; Mortgage Rates Sink
The Federal Reserve held the Fed Funds Rate unchanged after its January 2016 meeting, while pledging support to consumers for low mortgage rates. Continue reading
Housing Starts Hit 100-Month Best; Home Prices Likely To Rise
As demand surges, U.S. builders are starting more homes than during any period this decade. Mortgage rates are cheap and low downpayment loans are abundant. Continue reading
How to buy a house with no credit: First-time home buyers
The FHA mortgage program doesn’t require first-time home buyers to have credit history — or even a credit score — in order to get mortgage-approved. Continue reading
FHA Mortgages For Investment Properties
FHA mortgage rates are attractive and program guidelines favor real estate investors looking to buy 2-unit, 3-unit, or 4-unit homes — especially first-timers. Continue reading
How mortgage rates move when the Federal Reserve meets
The Fed adjourns from a 2-day meeting Wednesday. The group doesn’t set mortgage rates but it can influence them. How this week’s meeting could affect your refinance and purchase mortgage rate. Continue reading