Category: Mortgage & Finance

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

Here’s some housing & mortgage trends you can expect in the new year The housing picture is likely to improve in 2018. Why? Home prices are expected to climb, but not as fast. Plus, more houses could be for sale toward the end of the year, giving homebuyers a greater… Read More

Some lenders are making it easier for borrowers to qualify for a mortgage and buy a home sooner Thanks in part to rising home prices, some mortgage lenders are loosening their underwriting standards so borrowers can qualify for a mortgage and purchase property sooner. “The reality… Read More

Mortgage rates reach a new low for the year Long-term U.S. mortgage rates were unchanged to lower this week, as the benchmark 30-year rate reached a new low for the year. Mortgage buyer Freddie Mac said Thursday the 30-year fixed-rate mortgage averaged 3.88 percent, down from… Read More