Purchasing a home just became a lot cheaper, thanks mostly to the Federal Reserve's decision last week to place its interest rate hikes on hold for the time being. Mortgage buyer Freddie Mac said Thursday that the average 30-year fixed rate mortgage plunged to 4.06 percent this week, below 4.28 ... » Learn More about Mortgage rates report largest drop
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Issues About Poor Military Housing
Complaints regarding the condition of homes on military bases, including lead poisoning, mold, and poor construction, have become worse since the problems were first revealed in a Reuters investigation last August. NBC News did a follow-up piece Friday examining whether there's been any improvement ... » Learn More about Issues About Poor Military Housing
FHA clamps down
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
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