Rising expenditures such as housing and medical costs ensure that many Americans are still turning to credit cards to help make ends meet, instead of saving for goals such as a down payment.
Read More »Mortgage Rates Dip as All Eyes on Fed
On Wednesday, the Federal Open Market Committee (FOMC) will hold its monthly meeting—and in anticipation mortgage rates for both 30-year and 15-year fixed-rate loans, as well as 5/1 ARMS, dropped. While market watchers do not anticipate policy changes to come out of this month’s meeting, in light of last month’s interest rate hike it seems as if that is not enough to ebb the pre-meeting caution the market is experiencing. Though interest rates may not rise this month, the Fed has forecasted four hikes this year.
Read More »Insecurities Lie Within the Buying Process
A recent survey from NerdWallet found that prospective homeowners who don’t understand the loan process sometimes experience difficulty and have negative feelings about the transaction as a whole.
Read More »Smaller Homes Yield Faster Value Growth
A three-year study shows the smaller the home, the faster its value will grow. What does this mean for home price appreciation?
Read More »What’s Holding Back Millennials From Homeownership?
The millennial generation has been dubbed the generation that is not interested in purchasing a home, whether it be due to renting, living with their parents, or because they are saddled with student loan debt.
Read More »Top 10 States With Most Untapped Refinance Potential
For years, interest rates have been settled at historic lows, which have opened up opportunities for homeowners to refinance their home. The problem is homeowners are not taking advantage of these untouched savings.
Read More »5 Reasons Homeowners are not Taking Advantage of Refi Opportunities
Low mortgage rates present opportunities for homeowners to refinance their homes, but recent data and analysis shows that they are not taking advantage of billions of dollars in savings.
Read More »Mortgage Market Health Uneven Across U.S.
As recovery continues across the nation from the mortgage crisis in 2007, some states appear to be patching things together more quickly than others.
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