Category Archives: Mortage/ Finance News

Questions? Answers about Real Estate Finances.

Fed Votes to Leave Key Rate Alone

Daily Real Estate News | Thursday, July 27, 2017 The Federal Reserve said on Wednesday that it will hold off on making any increases to its short-term interest rate, at least for a while longer. The Federal Open Market Committee … Continue reading

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Mortgage Rates Push Above 4% Average

Daily Real Estate News | Friday, July 14, 2017 Average mortgage rates are moving up, posting increases for the second consecutive week. “After fully absorbing the sharp increases in Treasury yields over the past couple of weeks, the 30-year mortgage … Continue reading

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How Long Does It Take to Get a Mortgage?

Daily Real Estate News | Tuesday, June 13, 2017 Home shoppers may need to plan for more time than they realize when they’re starting the process of obtaining a mortgage. “Today’s mortgage process is very involved, particularly with regard to … Continue reading

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12M New Households, 1M Fewer Homeowners

Daily Real Estate News | Monday, June 12, 2017 What will it take to make homeownership a national priority? Despite the addition of about 11.8 million households between 2006 and 2016, there are roughly 1 million fewer homeowners today than … Continue reading

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House Votes to Repeal Key Aspects of Dodd-Frank

Daily Real Estate News | Friday, June 09, 2017 The House voted on Thursday, mostly along partisan lines, to roll back many of the banking rules under the Dodd-Frank Act of 2010, which increased regulatory oversight of financial institutions. Some … Continue reading

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5 Surprising (and Useful!) Ways to Save for a Down Payment

One of the biggest misconceptions of homebuying? The 20% down payment. Here’s how to buy with a lot less down. Buying your first home conjures up all kinds of warm and fuzzy emotions: pride, joy, contentment. But before you get … Continue reading

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Homeowners Cash in on Equity in Droves

Daily Real Estate News | Thursday, June 01, 2017 Homeowners may be reluctant to sell, but they still want to see a piece of that equity in their homes now. They’re cashing out in levels that have not been seen … Continue reading

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Credit Scores Hit Record High

Daily Real Estate News | Wednesday, May 31, 2017 Credit scores among U.S. consumers surged to a record high this spring. Further, the share of borrowers considered among the riskiest borrowers hit a record low. The higher credit scores could … Continue reading

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Lower Rates Buoy Refis, Not New Mortgages

Daily Real Estate News | Wednesday, May 24, 2017 Lower mortgage rates are prompting homeowners to refinance, but applications for home purchases aren’t rising. The Mortgage Bankers Association reported on Wednesday that total mortgage applications—including for refinances and home purchases—rose … Continue reading

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