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Category: Mortgage & Finance

The Fed hiked interest rates. What will happen to housing mortgages? The Federal Reserve just announced some bad news for aspiring homeowners counting their pennies: It’s going to continue to nudge up a key interest rate this year. Yes, after a stop-and-start approach to raising  rates over the past couple… Read More

Buying vs Renting? Buying a home in most of Florida may be more affordable than you think Everything seems to be on the rise these days in the world of real estate: home prices, mortgage interest rates, even the number of buyers competing with you for the properties that… Read More

Low mortgage rates and price growth for small homes make it the perfect time for move-up buyers to sell Smaller homes have seen significant price growth over larger ones, and that means some homeowners may be sitting on a lot of equity – more than they may realize. With mortgage… Read More

Is it cheaper to rent or to own a home in the Sunshine State? Personal finance website GO Banking Rates released a guide detailing how the average monthly rent compares to monthly mortgage payments across the U.S. The bottom line: It’s cheaper to own a home than… Read More

Here’s a little homebuyer extra credit for getting mortgage approval… Knocking off more credit card debt every month may now be a better deal if you’re looking to get mortgage approval to buy a home. Fannie Mae, the government-sponsored enterprise that buys mortgages and sets rules… Read More

HUD Eases FHA Condo Financing Rules Federal Housing Administration (FHA) Principal Deputy Assistant Secretary Ed Golding announced changes to FHA condo financing policies last night at the National Association of Realtors®(NAR) convention in San Diego. Effective immediately, FHA will streamline the condominium re-certification process and expand its definition… Read More

Florida’s Economic Growth Beats U.S. Average Florida’s economic growth in 2014 outpaced the national average, the U.S. Bureau of Economic Analysis reported Wednesday. Goods and services produced in Florida increased 2.7 percent last year compared with 2.2 percent nationally, the bureau said. Read More

81K FL Homeowners Missing Out on Mortgage Savings Florida has the highest number of homeowners nationwide failing to cash in on a federal mortgage savings program that could save them hundreds of dollars each month. An estimated 81,420 Florida borrowers are not taking advantage of the lower interest rates available… Read More

First Time Homebuyers Can Get $2K Per Year A little-known state program where first time homebuyers can get $2K per year has more than tripled its number of participants in a year. Administrators expect an even higher surge of homebuyers applying this year as the real estate market strengthens. The… Read More