1. Moving Up To Your Dream Home? Don’t Wait!

    Mortgage interest rates have risen by more than half of a point since the beginning of the year, and many assume that if mortgage rates rise, home values will fall. History, however, has shown this not to be true. Where are home values today compared to the beginning of the year? While rates have b…Read More

  2. Mortgage rates highest level since April 2014

    The 30-year fixed mortgage rate surged in the week ending Feb. 15 to reach its highest level since April 2014, according to the Primary Mortgage Market Survey released by Freddie Mac. The 30-year fixed-rate mortgage averaged 4.38%, with an average 0.6 point, an increase from the 4.32% average in the…Read More

  3. Freddie Mac: Housing market on track for best year in a decade

    With 2018 right around the corner, Freddie Mac released its report card for 2017. While the economy is marked by robust job growth and low inflation, the housing market has had some hiccups this summer and fall, largely due to low inventory. Still, the report states that housing market is “on tr…Read More

  4. Why Is There So Much Paperwork to Get a Mortgage?

    Why is there so much paperwork asked by the lenders for a mortgage loan when buying a home today? It seems that the lenders need to know everything about you and your spouse and requires separate sources to validate each and every entry on the mortgage loan application. Many buyers are being tol…Read More

  5. Why We Need More Newly Constructed Homes

    The number of new home sales is far off historic norms. The National Association of Realtors (NAR) just reported that the percentage of all house sales that were newly constructed homes has fallen to the lowest numbers in forty years. Bottom Line We need more new construction for two reasons: It wil…Read More

  6. The Federal Reserve has decided to raise mortgage interest rates.

    Fed Hikes Mortgage Interest Rate, Projects More Increases In 2017 The Federal Reserve raised the Fed Funds Rate at its December 2016 meeting. Adjourning from a 2-day session, the nation's central banker voted to increase its key interest rate to a range near 0.50%. It's the first hike in 2016, and o…Read More

  7. Qualifying For A Mortgage After Bankruptcy

    Bankruptcy Is Not The End For most people, the idea of filing for bankruptcy can be scary. The term “going bankrupt” just sounds frightening. For those considering bankruptcy, many questions are likely to come to mind. For example: How will bankruptcy affect my credit scores? How long will it ta…Read More

  8. No Surprise Here: Home Prices Up Again

    In what is getting to be the most predictable housing story of the year, home prices ascended once again, this time in a 6.7 percent year-over-year increase during October, according to new data from CoreLogic. On a month-by-month measurement, prices were up 1.1 percent from September to October. Wa…Read More

  9. 2016 Will Be A Breakout Year For FHA Buyers

    FHA Approvals In Reach For More Buyers FHA loans have long been one of the most popular mortgage types available. Roughly one quarter of all mortgage applicants will opt for an FHA loan because of its buyer-friendly guidelines according to mortgage software company Ellie Mae. FHA was designed to hel…Read More