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Tag Archives: Homebuying

Uptick in Second Mortgages May be a Sign of Economic Stability

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Given that most of the news about the homebuying market these past few years has focused on violate financial markets, up and down home sales, and fluctuating interest rates, it may seem easy to overlook a basic question—is anyone diving into the housing market for a second time and what does that mean for the economy?

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Research Finds that Student Loans Hinder Millennials From Saving for a Home

The conflicts of student loan debt surpass just actual repayment. Trulia research titled "The Debt of Wrath: Do Student Loans Affect Saving for a Home?" recently found that college degrees hinder young millennials from saving up for a 20 percent down payment on a home due to student loan repayment, but in the most expensive markets, only those with a college degree will be capable of saving up enough for a home in their lifetime.

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Fannie Mae Encourages New Mortgage Borrowers to Shop Around

In the latest Fannie Mae National Housing Survey, studying the mortgage shopping experience homebuyers navigate these days, the authors found that two-thirds of buyers‒‒particularly the young and those who’ve already bought homes‒‒obtain multiple mortgage quotes, though newbies to the process typically rely on friendly advice to find a suitable lender and terms.

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