Mortgage RatesOctober 8, 2018How to deal with the 5 percent mortgageThe 5 percent mortgage rate is here, and borrowers may want to re-think their mortgage options. But don't worry. There are strategies to reduce mortgages rates and interest costs.
Real Estate NewsOctober 3, 2018Half of renters spend more than 30% of their income on rentThough the recent 0.1 percent dip in national rents may seem like a reason for optimism, it turns out things are pretty bad for today’s renters. In fact, according to new data, nearly half of all U.S. renters are cost-burdened, spending more than 30 percent of their monthly income on rent.
About MortgagesSeptember 27, 2018Mortgage after bankruptcy in 2024: qualifying after financial setbacksYou can get approved for a mortgage after bankruptcy in as little as one year. But there are a lot of details to get through. Here are your FAQs about getting a mortgage after bankruptcy.
Federal ReserveSeptember 26, 2018Federal Reserve hikes rates; predicts a fourth hike in 2018Today's Federal Reserve (FOMC) meeting ended with a .25 percent increase in interest rates, surprising no one and having little impact on markets.
Mortgage NewsAugust 30, 2018Mortgage borrowers report increasingly digital experiencesThe mortgage process is getting more and more digital. In fact, according to a new study, a whopping 92 percent of recent mortgage borrowers did online research before even speaking to a lender. Just 57 percent of borrowers did the same five to 10 years ago.
Mortgage NewsJune 25, 2018Mortgage payments may jump in 2019, so buy that house nowIf buying a home is anywhere in your sights, you’ll probably want to act fast. According to a new forecast, average mortgage payments will jump nearly 10 percent by early next year.
Mortgage NewsJune 21, 2018How Americans are using the HELOC to their advantageHome equity topped $1 trillion in the U.S. last month, and American homeowners are certainly taking advantage of it. According to a new study, Home Equity Lines of Credit (HELOCs) are becoming especially popular – especially with Generation Xers and homeowners in the Midwest.
Mortgage NewsMay 24, 2018Dodd-Frank repeal: Why you don’t have to worry about itCongress just approved a partial rollback of the Dodd-Frank mortgage reform law. But the part that affect borrowers -- the collection of information to detect discrimination -- won't harm consumers who shop for mortgages online.
Mortgage NewsMay 15, 2018Mortgage rate shopping especially effective in these U.S. citiesRate shopping can save home buyers immensely on their mortgage loans, but apparently it doesn’t stop there. According to a new analysis from LendingTree, rate shopping in certain markets can save even more.
Mortgage NewsApril 26, 2018Buying a house? New forecast says now’s the time to actWhen it comes to buying a house, time is of the essence – at least according to Freddie Mac’s latest forecast. The GSE expects mortgage rates to jump nearly a half-percent by the end of 2019.
Mortgage NewsApril 4, 2018HELOCs poised to rise; tappable equity jumps for most homeownersIt looks like HELOCs are about to rise. According to a new survey, nearly half of all homeowners have a Home Equity Line of Credit on their radar, with 42 percent saying they’re somewhat, very or extremely likely to apply for one in the next 18 months.
Mortgage NewsMarch 9, 2018Home buying trends: Millennials are more conventional than you might thinkMillennial home buyers seem to have pretty good credit. According to new home buying trends, not only are their credit scores rising, but they’re also qualifying for more conventional loans – products that are traditionally more difficult to get without stellar credit.
Tax Law For MortgagesMarch 2, 2018Mortgage insurance premiums are still deductible for the 2017 tax yearGood news for those who pay private mortgage insurance (PMI) premiums on their mortgage. They are still tax deductible -- for now.
Mortgage NewsFebruary 28, 2018Airbnb: Fannie Mae to allow home-sharing income on refinance applicationsAre you renting out your property on Airbnb? Soon, you might be able to count that income on your refinance application.
Mortgage NewsFebruary 23, 2018Mortgage lender to offer fast-tracked application process, more accurate quotesWant to buy a home but don’t want to deal with the time-consuming, tedious process? One new mortgage lender may have the solution for you.
Mortgage NewsFebruary 15, 2018Renovations named top reason for HELOCs – but many still don’t know what HELOCs doHome renovations are the No. 1 reason homeowners take out HELOCS – or Home Equity Lines of Credit, but that doesn’t mean they’re popular by any means. In fact, according to a new survey, the majority of homeowners have never even heard of a HELOC – or the ways it can benefit their home and pocketbook.
Mortgage NewsFebruary 13, 2018Planning to buy a home in 2018? Most Americans think now is the time to actIf you’re looking to buy a home this year, you’ll likely want to act fast – at least that’s what an increasing number of Americans think. According to new data, the number of consumers who think now is a good time to buy is on the rise and likely won’t stay that way for long.
Mortgage NewsFebruary 9, 2018Millennials keep refinancing, flock to WyomingInventory might be low, but that’s not stopping Millennials from upping their housing game. According to new data, Millennials are refinancing in droves month after month.
Mortgage NewsFebruary 1, 2018Housing affordability still high, despite increasing home pricesDespite rising home prices, American housing is actually quite affordable. According to new data, today’s home buyers actually have “historically high levels of house-purchasing power.”