Category Archives: Mortage/ Finance News

Questions? Answers about Real Estate Finances.

The Big Down Payment Myth

Daily Real Estate News | Wednesday, February 15, 2017 Having the spare capital to put 20 percent down on a home purchase is great, but it’s certainly not the norm. Still, many people think it is and that belief may … Continue reading

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Lenders Aim for 21-Day Closing Window

Daily Real Estate News | Friday, January 13, 2017 In an era of bloated closing times, some lenders are looking to quicken the pace it takes to get a buyer to the settlement table. Some lenders are retooling operations and … Continue reading

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10 States With Best Economic Prospects

Daily Real Estate News | Wednesday, December 28, 2016 North Dakota tops a list of states poised to have the healthiest economies in 2017, followed by Oklahoma and Texas. The list was compiled by business solutions site ExpertMarket.com, which culled … Continue reading

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HARP Extended to 2017 as Bridge to New Refi Program

Daily Real Estate News | Monday, August 29, 2016 The Federal Housing Finance Agency is extending the Home Affordable Refinance Program (HARP) until Sept. 30, 2017. The FHFA estimates that more than 300,000 home owners could still benefit by refinancing … Continue reading

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Good for Buyers: Mortgage Rates Barely Budge

Daily Real Estate News | Friday, August 26, 2016 Mortgage rates continue to hover around all-time lows with the 30-year fixed-rate mortgage averaging 3.43 percent this week. “This marks the ninth consecutive week that mortgage rates have been below 3.5 … Continue reading

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Mortgage Rates Move Even Lower This Week

  Daily Real Estate News | Friday, August 19, 2016 Fixed-rate mortgages dropped slightly this week compared to the previous week, and continue to hover near all-time lows. “The 30-year fixed-rate mortgage fell 2 basis points to 3.43 percent this … Continue reading

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Fannie Mae Tweaks 3% Loan Program

Daily Real Estate News | Thursday, July 28, 2016 Fannie Mae announced that it has changed income maximums and some eligibility criteria for its HomeReady mortgage program that it believes will allow more borrowers to qualify for a mortgage with … Continue reading

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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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