The Federal Housing Administration (FHA) informed lenders that it's going to start flagging more high-risk loans. Those mortgages, most of which are extended to borrowers with low credit scores and high loan payments in accordance with incomes, will undergo a more rigorous manual underwriting ... » Learn More about FHA clamps down
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Housing Market Will Be This Spring?
Real estate pros often anxiously await for the spring selling season, a period recognized for an uptick in home sales. But will spring be as hot for the housing market in 2019 as it has been in the past? Ever since the end of 2018, home sales have slowed (a decline of 10% in December when compared ... » Learn More about Housing Market Will Be This Spring?
The end-of-2018 mortgage predictions
Less than 6 months ago, mortgage rates marched above 5% - the first time in seven years - and for weeks showed no indications of abating. It had been a tipping point for house hunters. Beaten down by rising prices, meager housing choices and bidding wars, they saw rates as one more obstacle and ... » Learn More about The end-of-2018 mortgage predictions
Spring home-buyer issues
This spring's home-buyer expect less competition overall as more inventory continues to hit the market nationwide, but will struggle with affordability as home prices continue to rise, as outlined by new survey data released today by realtor.com. The survey also discovered that up to 50 % of the ... » Learn More about Spring home-buyer issues
3 Common Errors When Purchasing
First-time buyers have discovered the housing market difficult to break into. Typically, they will submit 3.8 offers before their offer is accepted, which is greater than the 2.5 offers that repeat buyers typically make, as outlined by a new survey of about 2,000 U.S. adults from NerdWallet, a ... » Learn More about 3 Common Errors When Purchasing