Category: Mortgage & Finance

Low mortgage rates means greater savings in borrowing costs, but many would-be buyers may be left out Ongoing trade disputes with China prompted mortgage rates to drop sharply this week. The 30-year fixed-rate mortgage averaged 3.60% last week, the lowest average since November 2016, Freddie Mac… Read More

Buying a home just got easier with the steepest weekly drop in mortgage rates in 10 years Purchasing a home just became a lot cheaper, thanks mostly to the Federal Reserve’s decision last week to put its interest rate hikes on hold for now. Mortgage buyer Freddie Mac said Thursday… Read More

Ask a mortgage lender these questions before you lock in a home loan What are the best questions to ask a mortgage lender before you lock in a home loan? If you want to find the very best mortgage for your needs, it pays to not automatically go with the… Read More

Here’s some tips for preparing your budget before buying your next home It’s virtually impossible to know what size home you can afford if you aren’t fully aware of how much money you are earning and how much you are spending each month. Start with your income: How much do… Read More

30-year mortgage rate falls, spurring a spike in mortgage applications from prospective homebuyers U.S. long-term mortgage rates continued to fall this week, reaching their lowest levels in nine months. The decline in home borrowing rates in recent weeks has been a spur to prospective homebuyers, reflected in a spike in… Read More

Thinking about buying a home after foreclosure? Here’s how you can do it If you have previously lost your home to foreclosure, or if you have filed for bankruptcy, or if both situations are true for you, you may be wondering whether or not… Read More

Some changes to mortgage requirements could help you buy a home this year Will I or won’t I? An essential concern shared by prospective home buyers who need to finance their purchase is whether they will qualify for a mortgage for the amount and terms they require. Pushback against overly… Read More

They’re on the rise, but are ultra-low mortgage rates gone for good? Mortgage rates hit a four-year high late last week, and it’s looking like the years of ultra-low mortgage rates are coming to an end, experts said. “I would say this has been a long time coming,”… Read More

Most aspiring buyers can still afford a home — but not for long Despite a red-hot real estate market, most aspiring buyers can still afford a home — if they can find one. But it may not be that way for much longer. Households bringing in at least $68,000 a… Read More