Category Archives: Mortage/ Finance News

Questions? Answers about Real Estate Finances.

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

Posted in Mortage/ Finance News | Tagged , , , , , , , , , , , , , , , , , , , , , , , | Comments Off on New Program to Help Buyers Bypass Appraisals

Home Prices Jump 6.2% in 2nd Quarter; Eclipse 2016 High

WASHINGTON (August 16, 2017) — The headstrong supply and demand imbalances in much of the country slightly tempered the pace of sales and caused home prices to maintain their robust growth in the second quarter, according to the latest quarterly … Continue reading

Posted in Mortage/ Finance News | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Comments Off on Home Prices Jump 6.2% in 2nd Quarter; Eclipse 2016 High

Loan Demand Gets a Lift From Rate Drop

Daily Real Estate News | Wednesday, August 09, 2017 Interest rates dropped last week, giving homeowners and home buyers more incentive to lock in a lower rate as they apply for a mortgage. Total mortgage application activity for home buying … Continue reading

Posted in Mortage/ Finance News | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Comments Off on Loan Demand Gets a Lift From Rate Drop

Mortgage Rates Aren’t Budging

Daily Real Estate News | Friday, August 04, 2017 Mortgage rates have mostly held steady the past few weeks, with the 30-year fixed-rate loan still averaging below 4 percent. “The 10-year Treasury yield was relatively flat this week, as was … Continue reading

Posted in Mortage/ Finance News | Tagged , , , , , , , , , , , , , , , , , , , , , , , , | Comments Off on Mortgage Rates Aren’t Budging

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

Posted in Mortage/ Finance News | Tagged , , , , , , , , , , , , , , , , , , , , , | Comments Off on Fed Votes to Leave Key Rate Alone

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

Posted in Mortage/ Finance News | Tagged , , , , , , , , , , , , , , , , , , | Comments Off on Mortgage Rates Push Above 4% Average

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

Posted in Mortage/ Finance News | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Comments Off on How Long Does It Take to Get a Mortgage?

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

Posted in Mortage/ Finance News | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Comments Off on 12M New Households, 1M Fewer Homeowners

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

Posted in Mortage/ Finance News | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Comments Off on House Votes to Repeal Key Aspects of Dodd-Frank