Category Archives: Mortage/ Finance News

Questions? Answers about Real Estate Finances.

The Pros and Cons of Low Mortgage Rates

Daily Real Estate News | Tuesday, July 12, 2016 Many economists saw their predictions of higher interest rates and stronger economic growth shattered this year, mainly due to global economic uncertainty which was then heightened by June’s Brexit vote in … Continue reading

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5 Tips to Help Buyers Save for a Down Payment

Daily Real Estate News | Thursday, June 30, 2016 Saving for a down payment can pose one of the biggest challenges for potential home buyers. Indeed, “a down payment is often the largest single payment a consumer makes in their … Continue reading

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Yun: ‘Flashing Yellow Lights on Affordability’

Daily Real Estate News | Monday, June 27, 2016 The median price of an existing home reached a new record last month at $239,700. That price increase was primarily driven by repeat buyers trading up or downsizing from their current … Continue reading

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Average Time to Close: 45 Days

Daily Real Estate News | Thursday, June 16, 2016 For home buyers financing a home purchase, they should expect about 45 days to close, according to the latest Origination Insight Report from Ellie Mae. Last month the average closing time … Continue reading

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Down Payment Aid Programs Save Buyers $17k

Daily Real Estate News | Monday, June 13, 2016 Down payment assistance programs can help home buyers save big over the lifespan of a loan. On average, qualifying home buyers can save $17,766 over the life of the loan, according … Continue reading

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Defaulting HELOCs: A Growing Concern

Daily Real Estate News | Thursday, June 09, 2016 In 2004, millions of home owners tapped into the equity of their homes through home equity lines of credit. Their 10-year grace periods are now done and they’ve had to start … Continue reading

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2016 Summer Events

  Benton Franklin Fair & Rodeo Aug. 23 – 27, 2016 10:00 AM – 11:59 PM Benton County Fair Grounds |Kennewick, WA Website Join us for the Best Week of Summer, featuring headline entertainment, world class rodeo, exhibits from your … Continue reading

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The Buyers Are Coming

Daily Real Estate News | Wednesday, May 25, 2016 Mortgage rates may have inched up slightly but that didn’t seem to deter home buyers from shopping for a loan last week. Mortgage application volume rose 2.3 percent week-over-week on a … Continue reading

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Average Time to Close: 44 Days

Daily Real Estate News | Friday, May 20, 2016 For the second consecutive month, the average time to close all loans stayed at 44 days, suggesting that new mortgage rules that took effect this fall are having less of an … Continue reading

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