Financing

Jan. 10, 2019

First-Time Home Buyers Are Turning to Mom and Dad.

Rising home prices are sending first-time home buyers to their parents for help with mortgage down payments.More than 26% of mortgage borrowers who used Federal Housing Administration-insured loans got assistance from a relative to make the down payment in the 12 months through September, up from about 22% in ...

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Posted in Financing
Jan. 7, 2019

Mortgage Rate to Ring in the New Year?

The new year is kicking off with lower mortgage rates for home shoppers and people looking to refinance their mortgages. The benchmark 30-year fixed-rate mortgage dipped to a 4.51 percent average this week, Freddie Mac reports.

Low mortgage rates combined with decelerating home price growth should get prospective ...

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Posted in Financing
Dec. 29, 2018

Holiday Gift for Home Buyers, Sellers

Mortgage Rates Continue to Fall: Home buyers and sellers are in for even more holiday cheer this season as mortgage interest rates continued to fall. That makes it more affordable for folks to purchase properties as their monthly mortgage payments will be a little lower. Plus, it may lead to ...

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Posted in Financing
Dec. 19, 2018

Want a Better Credit Score?

Soon, Your Cellphone Bill Could Help, Consumers’ cellphone and utility payments will soon be added to one of their major credit reports, a move that will likely boost the credit scores of millions of people and increase loan approvals. Experian, one of the largest credit-reporting firms in the U ...

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Posted in Financing
Dec. 18, 2018

In 2019 Raise FHA Loan Limits

The Federal Housing Administration has announced ,Most of the country will see an increase to loan limits in the new year. The loan limit for lower-cost areas will be set at $314,827—or 65 percent of the national conforming loan limit of $484,350.

In high-cost areas, the new ...

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Posted in Financing
Dec. 8, 2018

Equity Gain in Third Quarter: $12K

Average Homeowners are still finding plenty of equity in their homes, but the gains are slowing. Homeowners with a mortgage saw their equity rise by 9.4 percent over the past year, according latest Home Equity Report. The average homeowner gained $12,400 in home equity between the third quarter of ...

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Dec. 5, 2018

In 2019 Mortgage Payments to Jump 8.4%

uyers will likely see a significant jump in their monthly payments next year. Mortgage payments are forecasted to rise 8.4 percent in 2019 due to the increase in mortgage rates, according to S&P Global Ratings’ latest housing market update.

Rates to jump up 8.4 percent, 37.4% of ...

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Posted in Financing
Dec. 4, 2018

Financing for Manufactured Homes Coming


Freddie Mac has announced that it will start Conventional financing manufactured housing,
 which it hopes will help make homes more affordable to buyers. The mortgage financing giant says it will conduct a two-year pilot called CHOICEHome to grant conventional financing for manufactured homes with certain features, such as permanent and ...

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Posted in Financing