- LLPAs – What They Are and How They Impact the Cost of Your Mortgage
- How Long After a Bankruptcy Can I Buy a House?
- Just How Much Have Rates Increased the Last Few Months?
- Infographic: Ever Wonder How a Title Policy is Issued?
- Mortgage Rates Hit 1-Year High
- Overdue Student Loans Hit Record High
- Are Home Prices In Recovery or Another Bubble?
- How to Wreck Your Credit in One Easy Step
- What is a Good Credit Score? 640? 670? 740?
- Is the Housing Market Getting a Little “Bubbly” All Over Again?
If you follow the news at all, you’ve probably heard or read plenty about how mortgage rates are at historical lows. Just how good are mortgage rates right now? A picture is worth plenty of words, so check out the chart below that shows average 30-year fixed interest rates since 1990. The data includes rates for conforming and jumbo loans and comes from a weekly survey conducted by HSH Associates. Continue reading
The National Bank of Greece is painting a pretty ugly picture of what will happen when Greece finally leaves the euro. European leaders are growing tired of throwing more money into the bottomless pit of an insolvent Greece and there is no way the heavily-indebted nation can pay it’s bills without European support. Continue reading
Mortgage markets worsened slightly last week as demand for mortgage-backed bonds decreased. There was little surprise in U.S. economic data and the sovereign debt crisis in the Eurozone continued unabated. Mortgage rates worsened slightly for the first time in two weeks, but the changes wasn’t too significant. Continue reading
There’s a lot of gotchas when it comes to buying a home – particularly if you’ve never owned a home before. Check out the video below, which goes over some common mistakes made by first-time homebuyers that can cost you down the road. Continue reading
Not that the world should be surprised, but it looks like high-level Greek officials are now openly acknowledging the possibility of a default and exit from the euro. Continue reading
Mortgage bonds improved last week on lingering concerns for the European Union and weaker-than-expected economic data here at home. Global investors were net buyers of mortgage-backed securities last week, pushing mortgage rates lower nationwide. Continue reading
It’s no secret that credit scores are an important part of your qualifications when you’re applying for a home loan. Lending guidelines are much tighter today than they used to be, so it’s more important than ever to keep your credit scores strong. If you have relatively low credit scores, you may have no problem qualifying for a home loan, but it will likely cost you significantly in the form of a higher rate and/or closing costs. Continue reading
Mortgage markets worsened slightly last week as positive U.S. economic news overshadowed growing concerns for the Eurozone’s future. Political and economic issues continue to weigh on Greece and Spain, and it’s still unknown how France’s new President will change that nation’s fiscal direction. Continue reading
It looks like there may be some new refinancing initiatives coming down the line in the coming months. Three bills were introduced in Congress this week that are intended to “complete” President Obama’s 2009 State of the Union housing stimulus plan. Continue reading