Category Archives: Mortage/ Finance News

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Low 30-Year Rates Keep Buyers in Summer Market

Mortgage rates barely budged this week, keeping borrowing costs low for summertime home shoppers. Mortgage rates continue to hover near their 2016 averages. “We’re seeing a tug of war happen as the fixed-income market flashes warning signs while the equities … Continue reading

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Lower Mortgage Rates May Sprout Early Spring Buying Season

Mortgage rates inched lower for the third consecutive week. Freddie Mac Chief Economist Sam Khater says the lower rates bode well for the spring home buying season, typically the busiest time of the year for home shopping. “Mortgage rates … … Continue reading

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5 Strategic Ways for Millennials to Save Money

© Eakachai Leesin – EyeEm/Getty Images Today’s affordability pressures are holding back the most eager would-be home buyers. In a recent study by CoreLogic and RTI Research, young millennial renters under the age of 29 are the most enthusiastic demographic … Continue reading

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Senate Bill Cuts Property Tax Deduction

Daily Real Estate News | Friday, November 10, 2017 Yesterday, Senate Finance Committee Republicans released their version of the tax reform bill. Although it goes one step further than the House bill by preserving the $1 million cap on the mortgage … Continue reading

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Homes Are More Affordable Than 20 Years Ago

Daily Real Estate News | Wednesday, November 08, 2017 Homes are actually more affordable now than they were in the late 1990s, according to the latest Mortgage Monitor Report by Black Knight Inc., a mortgage data and performance information provider. … Continue reading

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Mortgage Rates Stuck in Holding Pattern

Daily Real Estate News | Friday, September 29, 2017 The 30-year fixed-rate mortgage barely budged this week, staying well below the 4 percent mark. “Rates held relatively flat this week,” says Freddie Mac Chief Economist Sean Becketti. “The 10-year Treasury … Continue reading

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More Owners Are Using Their Equity Again

Daily Real Estate News | Tuesday, August 29, 2017 Home prices continue to rise and more homeowners are tapping into their home equity, making home equity lines of credit and cash-out mortgage refinances popular again. Home equity line originations jumped 8 percent to … Continue reading

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HARP Extended Through 2018

Daily Real Estate News | Wednesday, August 23, 2017 The Federal Housing Finance Agency announced that it is extending HARP, a popular government refinancing program, through Dec. 31, 2018. The Home Affordable Refinance Program was to expire on Sept. 30. … Continue reading

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New Program to Help Buyers Bypass Appraisals

Daily Real Estate News | Monday, August 21, 2017 Mortgage giant Freddie Mac has announced a new program allowing some home buyers to skip a traditional appraisal, which could lower the fees the buyers pay and speed up the closing … Continue reading

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