$2 million home: Would you choose an exclusive ZIP Code or a luxury estate? [Video]
December 14, 2018 in Mortgage Vlogs Real Estate
What does the right ZIP Code cost? In this case, a cool $2 million. That gets you a 70-year-old one-story home with a basement. But travel just a few miles away, and it’s shocking what that same budget can buy.
Out-of-state homebuyers head south; Florida claims top destination for 14 states
December 14, 2018 in Mortgage News Real Estate News
American homebuyers are flocking toward warmer climates. According to a new study, U.S. residents are increasingly leaving colder states, instead buying homes in places like Florida, Texas and California.
Mortgage rates today, December 14, 2018, plus lock recommendations
December 14, 2018 in Mortgage Rates Now
Mortgage rates today are driven by movements in financial markets worldwide. When the economy heats up, bond price drop, and rates increase. When the economy pulls back, interest rates tend to fall.
3 mistakes to avoid when getting a second mortgage
December 14, 2018 in Home Equity
Second mortgages are loans against your home taken out after your primary home loan (your first mortgage). Thy can be a great source of cheap money, but things can go wrong. Here’s what to watch out for.
The Fed may not raise interest rates in December: good news for mortgage seekers
December 13, 2018 in Federal Reserve Forecasts Mortgage Rates
Recent financial reporting has caused many investors to believe that the Fed may not raise interest rates one last time in 2018.
Where are America’s safest cities to call home? Maryland town tops the list
December 13, 2018 in Real Estate News
Can’t decide where to put down roots? If you’re looking for a safe spot to avoid natural disasters, identity theft or burglary, you might want to buy a home in Columbia, Maryland. The city was just named the country’s safest place in America.
Report: Holders of larger mortgages save more when rates drop
December 12, 2018 in About Mortgages Conforming Mortgages
A mortgage rates drop can save you money. Be sure you’re ready to take advantage when this occurs.
2018 was a big year for homeowners; here’s how much home equity Americans gained
December 12, 2018 in Economic News Mortgage News Real Estate News
Homeowners have seen serious gains in equity this year. According to the latest data, the average owner saw their home equity jump 9.4 percent since 2018 — an aggregate increase of $775.2 billion across the nation.
Mortgage rates today, December 12, 2018, plus lock recommendations
December 12, 2018 in Mortgage Rates Now
Mortgage rates today are driven by movements in financial markets worldwide. When the economy heats up, bond price drop, and rates increase. When the economy pulls back, interest rates tend to fall.