16-month low rates means now is a great time to refinance your home
Thursday, October 16
Have you been waiting to refinance your home mortgage? According to experts, even if you have been turned down in the past, it is worth the effort to try again as mortgage guidelines are the “loosest” they’ve been in nearly a decade. Freddie Mac reports that the average refinancing household save...
Best refinance options for your home
Tuesday, October 07
Even though mortgage rates are the lowest they have been since last year, the number of HARP loans being closed has dropped. According to the Mortgage Reports, in July there were only 16,000 HARP loans closed in the country, the lowest amount since the program began.The reason behind this drop in...
Home values increasing, while mortgage rates stay low
Tuesday, September 30
Home prices have continued to rise over the past several months, reaching levels not seen since April 2008, which was shortly after home prices began to fall from their 2007 peak. Since last year, home prices have gone up 4.4 percent, and don’t appear to be going back down anytime soon.Fortunatel...
How to secure a lower than average rate for your home mortgage
Monday, September 22
Even with mortgage rates going up the past two weeks, rates are still hovering around the lowest levels of 2014, with the national average at 4.23 percent. For those who qualify for FHA, VA or HARP loans, lower than average rates can typically be acquired.Rates are expected to rise and fall weekl...
Home loan approval standards beginning to ease
Tuesday, August 05
There is some good news for potential home buyers this week, as it seems some banks are starting to ease their mortgage-lending standards. Even for buyers with good credit, getting a prime mortgage has been a bit of a challenge since the housing bust last decade.An improving economy and more comp...
High priced home buyers getting younger
Friday, July 25
According to a recent analysis from lender loanDepot, they found that the median age of borrowers taking out loans more than $417,000 (referred to as jumbo loans) had dropped to 38.5 years old. One year ago, the median age was 41 years old, and at the end of 2011 it was as high as 49.5.Along with...