Locking in a mortgage rate Once you’ve found the home you want to buy, your Mortgage Banker will lock in your mortgage rate Mortgage interest rates are always changing. Each day, they can fluctuate—sometimes by the slightest amount. But when a lender locks in your mortgage rate, your rate won’t change while your mortgage application…Read More »
Archive for the ‘Mortgage’ Category
Locking in a mortgage rate
Tuesday, April 22nd, 2014
What’s your mortgage IQ?
Wednesday, March 26th, 2014
Test your mortgage knowledge with this Q&A quiz How much do you know about mortgages? With this quiz, you’ll get answers to common mortgage questions that come up when you shop for a new home. Read on to understand the key terminology and important things you should consider when selecting a mortgage that’s…Read More »
Test your mortgage knowledge with this Q&A quiz How much do you know about mortgages? With this quiz, you’ll get answers to common mortgage questions that come up when you shop for a new home. Read on to understand the key terminology and important things you should consider when selecting a mortgage that’s…Read More »
Average Property Price Per Region
Tuesday, March 4th, 2014
Issue 2 / March 2014 Housing Trends Average home prices on non-distressed properties increased in most areas but were flat in the Farm Belt and Oil-Producing states. Investors increased their share of short sale home purchases in January. Traffic from current homeowners and first-time homebuyers increased in January. Average…Read More »
Issue 2 / March 2014 Housing Trends Average home prices on non-distressed properties increased in most areas but were flat in the Farm Belt and Oil-Producing states. Investors increased their share of short sale home purchases in January. Traffic from current homeowners and first-time homebuyers increased in January. Average…Read More »
Stay organized during the homebuying process
Wednesday, February 26th, 2014
Buying a home is one of the biggest financial decisions you’ll ever make. It may seem overwhelming, but it doesn’t have to be. You can use many mortgage resources to guide you through the homebuying process and help you plan for the move into your new home. Here are some tips to stay organized: Keep…Read More »
Buying a home is one of the biggest financial decisions you’ll ever make. It may seem overwhelming, but it doesn’t have to be. You can use many mortgage resources to guide you through the homebuying process and help you plan for the move into your new home. Here are some tips to stay organized: Keep…Read More »
Minorities less likely to apply for mortgage, more likely to get turned down
Thursday, February 20th, 2014
Persistent disparities in homeownership rates between whites and minorities may be at least partly explained by the fact that minorities are less likely to apply for mortgages than whites and more likely to be denied, a study by Zillow and the National Urban League suggests. The study also found many blacks and Hispanics who have…Read More »
Persistent disparities in homeownership rates between whites and minorities may be at least partly explained by the fact that minorities are less likely to apply for mortgages than whites and more likely to be denied, a study by Zillow and the National Urban League suggests. The study also found many blacks and Hispanics who have…Read More »
Top 5 tips for homebuyers
Wednesday, February 5th, 2014
From questions to confidence—feel at home while buying one Buying a new home is a major decision, but it doesn’t have to be intimidating. Here are some tips, so you aren’t surprised along the way. Take the advice Your real estate agent is your partner and a valuable asset. He or she…Read More »
From questions to confidence—feel at home while buying one Buying a new home is a major decision, but it doesn’t have to be intimidating. Here are some tips, so you aren’t surprised along the way. Take the advice Your real estate agent is your partner and a valuable asset. He or she…Read More »
Mortgage borrowers who don’t use online tools to comparison shop may be losing out
Monday, January 27th, 2014
Consumers who don’t use online technology to shop for mortgage rates or look for a lender or real estate agent may be selling themselves short, with lower-income borrowers particularly at risk, according to Fannie Mae economists. Findings from a recent study suggest that online tools that improve borrowers’ understanding of mortgage terms and costs and allow…Read More »
Consumers who don’t use online technology to shop for mortgage rates or look for a lender or real estate agent may be selling themselves short, with lower-income borrowers particularly at risk, according to Fannie Mae economists. Findings from a recent study suggest that online tools that improve borrowers’ understanding of mortgage terms and costs and allow…Read More »
FHA: The incredible, shrinking mortgage resource
Friday, January 24th, 2014
Is FHA sending its most profitable, lowest-risk customers — homebuyers who have very good to excellent credit — to Fannie and Freddie for their mortgages, thereby losing significant market share? Yes. Are FHA’s multiple and costly hikes to its insurance premiums — and worst of all, its revocation of borrowers’ rights to cancel premium payments…Read More »
Is FHA sending its most profitable, lowest-risk customers — homebuyers who have very good to excellent credit — to Fannie and Freddie for their mortgages, thereby losing significant market share? Yes. Are FHA’s multiple and costly hikes to its insurance premiums — and worst of all, its revocation of borrowers’ rights to cancel premium payments…Read More »
Minorities less likely to apply for mortgage, more likely to get turned down
Thursday, January 16th, 2014
Persistent disparities in homeownership rates between whites and minorities may be at least partly explained by the fact that minorities are less likely to apply for mortgages than whites and more likely to be denied, a study by Zillow and the National Urban League suggests. The study also found many blacks and Hispanics who have…Read More »
Persistent disparities in homeownership rates between whites and minorities may be at least partly explained by the fact that minorities are less likely to apply for mortgages than whites and more likely to be denied, a study by Zillow and the National Urban League suggests. The study also found many blacks and Hispanics who have…Read More »
More consumers planning to buy as mortgage concerns ease
Tuesday, January 14th, 2014
The share of consumers who plan to buy a home rose to 6.9 percent in December, up from 5 percent in November, according to a monthly economic outlook released today by Fannie Mae’s Economic & Strategic Research Group. Despite concerns about mortgage availability, Fannie Mae economists reported that consumer attitudes about the ease of getting a mortgage are at the…Read More »
The share of consumers who plan to buy a home rose to 6.9 percent in December, up from 5 percent in November, according to a monthly economic outlook released today by Fannie Mae’s Economic & Strategic Research Group. Despite concerns about mortgage availability, Fannie Mae economists reported that consumer attitudes about the ease of getting a mortgage are at the…Read More »
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