According to the Case-Shiller National Home Price Index, annual home price growth slipped to a seasonally-adjusted rate of 4.80 percent in September. This was 0.30 percent lower than August’s year-over-year reading of 5.10 percent.
Cities posting the highest year-over-year gains in home prices were Miami, Florida 10.30 percent, Las Vegas, NV with a gain of 9.10... [Read more of this blog post]
Whether you’re just starting to shop for a new home or you’ve already found the perfect new house and you’re ready to submit an offer, if you’re taking out a mortgage loan to cover some of the home’s purchase price you should be aware of the various closing costs you may encounter.
In today’s blog post we’ll share a quick guide... [Read more of this blog post]
Last week’s scheduled economic news included the NAHB/Wells Fargo Housing Market Index, Housing Starts and Existing Home Sales. FOMC meeting minutes were released along with weekly Freddie Mac mortgage rates and weekly jobless claims.
In addition, the National Association of Realtors® suggested that FHA should lower its mutual mortgage insurance premiums (MMI)... [Read more of this blog post]
Are you thinking about buying a home in a rural or suburban area? If so, you’ll want to take a look at the United States Department of Agriculture’s mortgage programs as you may qualify for them.
In today’s blog post we’ll introduce the USDA Rural Development Single Family Housing Guaranteed Loan Program, explain the benefits of this mortgage program... [Read more of this blog post]
Minutes of the Federal Open Market Committee (FOMC) meeting held October 28 and 29 were released Wednesday. The report suggests that the U.S. economy continues to improve, although the annual inflation rate remains near 1.50 percent and short of the committee’s goal of 2.00 percent. Falling crude oil prices were cited as a cause of faltering inflation rates. The... [Read more of this blog post]
If you’re thinking about buying a new home and using a mortgage to help cover some of the purchase costs, it’s a good idea to get an initial pre-approval from your lender before putting in an offer.
In today’s blog post we’ll share three quick tips that can help to ensure that your mortgage pre-approval isn’t declined.
Demonstrate Your Income... [Read more of this blog post]
Whether you’re just starting to shop for a new home or you’ve found the perfect house and are crafting your offer, if you’re taking out a mortgage to help cover your real estate purchase you’ve likely given some thought to your down payment.
In today’s blog post we’ll explore the topic of down payments and share how the amount you put... [Read more of this blog post]
Last week’s housing related news was lean, with no scheduled reports released other than Freddie Mac’s primary mortgage market survey.
We’ll start with some good news. The University of Michigan / Thompson-Reuters Consumer Sentiment Index reported its highest reading in more than seven years. November’s reading of 89.4 surpassed the expected reading... [Read more of this blog post]