The recent fall in mortgage rates won’t just benefit those looking to buy a home, but also those who’ve already purchased a property, should they decide to take advantage and refinance, experts say. Around 5.9 million borrowers in the U.S. could see their mortgage rates fall by at least 75 basis points if they decide
Report: Home affordability “unnervingly low’ for lower-income buyers
September 9, 2018 by
The double-whammy of of rising home prices and interest rates is creating a tough environment for would-be home buyers, making monthly mortgage payments on even modestly priced homes more of a financial burden. A monthly mortgage payment for a typical U.S. home requires 17.5 percent of the median income, up from 15.4 percent a year
Higher mortgage rates likely following Fed’s move to increase interest rates
March 26, 2018 by
An increase in mortgage rates is likely to follow after the Federal Reserve voted to hike its short-term interest rates. While the Fed’s rates aren’t directly tied to mortgage rates, they do nevertheless tend to follow a similar pattern.
Why buyers need to act now, before interest rates increase
March 14, 2018 by
Economists are warning of a “big impact” that rising mortgage rates could have on buyers who’re shopping for real estate.
Is a No Closing Cost Mortgage for You?
April 17, 2017 by
Buying a no closing cost mortgage isn’t necessarily a bad thing – as long as you understand how you’ll be paying those costs. To start with, a no closing cost mortgage doesn’t mean you won’t pay the costs associated with taking out the loan. When you take out a mortgage, there are costs that need to be paid
Expert says rising mortgage rates will be good for the housing market
March 22, 2017 by
It looks as if the Federal Reserve is finally going to do something about raising short term interest rates
Bankrate’s Greg McBride; “2013 Favorable for Borrowers”
January 7, 2013 by
Bankrate’s senior financial analyst, Greg McBride, CFA, talked recently about the 2013 mortgage rate forecast . Today RealtyBizNews spoke with McBride about the news as it applies to industry professionals and consumers. Bankrate projects interest rates to remain steady at between 3.5 & 4.0 %.
4 Ideas For Saving Thousands Of Dollars On Your Mortgage Payment
December 28, 2012 by
If you are a typical home buyer, paying less than 20% down, there is about a 90% chance that you’ll use an FHA, VA or USDA loan to finance the purchase of your first home. If you do choose one of these “government insured” loans, you’ll be subject to high fees and interest costs that will amount to more than the entire price of your home.
The Low Down Payment Mortgage Trap
May 4, 2012 by
Low Down Payment Mortgage Loans such as FHA, USDA, VA or any type of loan where you can make a down payment of 5% or less is basically a trap. It’s a trap that leaves the borrower “under-water”, even in a good market.
Time To Buy Houses – 3 Reasons Why 2012 Is THE Bottom
April 21, 2012 by
It’s time to officially declare a real estate price bottom. And yes, prices could erode further in the hardest hit markets – At least statistically – but remember, the lower they’ve gone, the more likely they are to rebound with gusto.
