Mortgage Rates Resume Upward Trend
According to Freddie Mac’s latest Primary Mortgage Market Survey, the average 30-year and 15-year fixed mortgage rates rising for the first time in 2017. 30-Year […]
Loans & Mortgages
New Company Helps Buyers with Down Payments
Unison, a San Francisco-based company, is offering to assist buyers with their down payments in exchange for equity in the subject property, according to an […]
Mortgage Rates Take a Breather, But Are Higher than Last Year
For the second week in a row, Realtor.com reports that Freddie Mac published the following national averages with mortgage rates for the week ending Jan. […]
Higher Mortgage Rates Add $16,400 to the Cost of an Average Home
The recent spike in interest rates, which have jumped from 3.5% to 4.25% in the past few weeks, have pushed the cost of an average […]
Higher Limits for Conforming Home Loans
The federal government will increase the limits for loans qualifying as conforming home loans, effective January 1, 2017, reported Realtor Mag. Conforming loans are loans […]
Fears of Rising Rates, Drive Mortgage Applications Up by 5.5%
Weekly mortgage applications rose 5.5% on a seasonally adjusted basis, as homebuyers rushed to lock-in rates, which spiked after the U.S. presidential election, reported CNBC. Buyers […]
Nine Special Loan Programs for First-Time Home Buyers
Bank Rate released a list of 9 unique loan and grant programs for first-time home buyers: Low-Down Payment FHA Loans: Â Operated by the Federal Housing […]
Higher Rates Cause a 9% Plunge in Mortgage Applications
Weekly mortgage applications dropped by 9.2% from the previous week, reported the Mortgage Bankers Association. The drop comes against a backdrop of mortgage rates, which […]
UPDATE: Average 30-Year Fixed Mortgage Hits 4%
CNBC is reporting that the rate on an average 30-fixed mortgage has hit 4% today against a backdrop of heavy selling in the U.S. bond […]
Weekly Mortgage Rates Inch Higher in Early Nov. Still Lower than Last Year
Mortgage rates crept higher in early November, but are still lower than they were last year, according to the World Property Journal. The survey was […]