Long-term U.S. mortgage rates rose this week for a second straight week, posting new highs for the year. The markets were anticipating an increase in a key interest rate by the Federal Reserve, which the Fed announced Wednesday. 30-year rates on mortgages increase again to ... » Learn More about 30-year rates on mortgages increase again to 4.30%
FHA Mortgage
Credit Reporting Modification May Increase Scores
The three major credit reporting agencies have announced a substantial improvement in their credit reporting metrics which may both boost credit scores for millions of consumers and cause potential problems for lenders. Credit Reporting Modification May Increase Scores The Consumer ... » Learn More about Credit Reporting Modification May Increase Scores
4 Budgeting Strategies for Buyers from Nick & Cindy Davis
On the brink of purchasing a house? Before you head out on the initial home tour with your agent, arm yourself with the following strategies. 4 Budgeting Strategies for Buyers from Nick & Cindy Davis 1. Double check your credit If you're thinking about buying, you need to already be ... » Learn More about 4 Budgeting Strategies for Buyers from Nick & Cindy Davis
The massive Down Payment Misconception
Finding the spare capital to put 20% down payment on a home purchase is wonderful, however it's certainly not the norm. Still, many people believe that it is and therefore the belief may be holding some would-be home buyers back, particularly young adults. The massive Down Payment ... » Learn More about The massive Down Payment Misconception
Mortgage Phrases You need to understand
The mortgage industry loves jargon and it can quickly confuse a real estate professional as well as the moreso a borrower. The Fannie Mae Sellers Guide alone has 91 different acronyms and abbreviations. Mortgage Phrases You need to understand The National Mortgage News recently offered up a ... » Learn More about Mortgage Phrases You need to understand