Expert says rising mortgage rates will be good for the housing market



It looks as if the Federal Reserve is finally going to do something about raising short term interest rates

Bond Amount Changes for Consumer Loan Companies in Washington



As of January 1, 2018 consumer loan companies originating and servicing residential mortgage loans and non-residential loans in Washington will need to comply with new surety bond requirements.

Zillow tracks 30-year mortgage rates above four percent mark



The 30-year fixed mortgage rate on Zillow Mortgages is currently 4.10 percent, up 13 percentage points from this time last week.

Which Type of Mortgage Loan is Best For You?



Whether you are a first-time homebuyer or a repeat real estate flipper, you are going to need a mortgage.

What to consider with a Second Mortgage



However, some homeowners that have gotten over the huge bust of the last of the last cycle when so many home values went underwater are again considering second mortgages.

Wells Fargo looks to boost African American home ownership



Wells Fargo & Company is hoping to propel a minimum of 250,000 African Americans towards home ownership within the next ten years with a brand new initiative.

Borrowers turn to non-banks for mortgages as traditional lenders shy away



Borrowers are ditching traditional banks in their droves in favor of financial institutions that do not offer savings or checking accounts.

Interest rates are homebuyer’s biggest concern in 2017, Zillow says



The majority (53 percent) of current home shoppers consider rising interest rates to be among the top factors impacting their ability to purchase a home, according to a new survey

You don’t need a 20 percent down payment to buy a home



It’s great if you actually have 20 percent to put down on your first home, but this kind of down payment isn’t necessary by all means. Still, many prospective homebuyers believe that 20 percent down is the norm, and that could be holding them back from buying their first home.

Mortgage payments account for rising share of borrowers’ incomes



With interest rates and home values on the rise, the typical monthly mortgage payment now requires more of the average household income than it has anytime in the previous six years.