Category: Mortgage & Finance

Waiting for home prices to drop during the next recession to buy a house? Here’s why you could have a very long wait It’s unclear when the next recession will come. But a recent report argues that when it does, the U.S. housing market is unlikely… Read More

Mortgage rates drop to 3.45%, the lowest level in years – what does this mean for potential home buyers? Mortgage rates have dropped to the lowest levels since before the 2016 presidential election. The 30-year fixed-rate mortgage averaged 3.45% during the week ending Feb. 6, a decrease of six basis… Read More

Home affordability at its highest level with low unemployment & mortgage rates in the 3rd quarter of 2019 With mortgage rates at a three-year low and a healthy job market, housing affordability rose to its highest level in three years in the third quarter of 2019, according to the… Read More

Found a condo you love, only to find that it doesn’t qualify for a federally backed mortgage? Try again tomorrow First-time homebuyers often opt for a condo, but rules for Federal Housing Administration (FHA) mortgage loans banned many units and complexes in Florida from participating. However, that changes on Tuesday,… Read More

Here’s all the tax deductions at your disposal when selling your home You may be wondering if there are tax deductions when selling a home. And the answer is: You bet! But there’s also a new tax code – aka the Tax Cuts and Jobs Act – causing quite a… Read More

New FHA rules make getting condo mortgages easier The Federal Housing Administration issued new guidelines that aim to streamline the agency’s approval process for condominium projects. The long-awaited regulations are intended to promote affordable and sustainable homeownership, especially among credit-worthy first-time buyers. The new policy is designed to be flexible… Read More

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