5 Kinds of Mortgages: What’s Right for You

Home buying can be a whirlwind and, unless you are a lottery winner or heir to a fortune, likely includes taking out a mortgage. Choosing the right mortgage loan for your budget includes assessing your income, lifestyle, credit history and qualifications. But it’s not just a matter of finding an affordable option – it’s also [...]

5 Kinds of Mortgages: What’s Right for You2018-10-03T23:29:07+00:00

Reverse Mortgages: New Rules Make Them Safer for Homeowners

The promises of a reverse mortgage -- never having to pay a mortgage bill again and using your home's equity to finance retirement -- can sound too good to be true. It almost was too good to be true during the Great Recession, when more borrowers were withdrawing most of their home equity at closing [...]

Reverse Mortgages: New Rules Make Them Safer for Homeowners2018-10-03T23:29:08+00:00

Mortgage Rates to Rise

The Federal Reserve's announcement Wednesday that it would reduce its bond-buying by $10 billion a month was seen generally as a moderate start to the highly anticipated taper. As such, mortgage rates, which follow bond yields, did not rise dramatically, as some had predicted. "I was relieved by how the market has reacted so far [...]

Mortgage Rates to Rise2018-10-03T23:29:09+00:00

Fed Keeps Interest Rates, Bond-Buying Program Unchanged

To the surprise of virtually no one, the Federal Reserve kept its cheap-money policy in place, but markets interpreted language in the decision to mean that the end may come sooner than expected. Wall Street had expected the Fed to refrain from tapering its so-called money printing operation. Economic data, particularly in employment and consumer confidence, has [...]

Fed Keeps Interest Rates, Bond-Buying Program Unchanged2018-10-03T23:29:09+00:00

U.S. Average on 30-Year Mortgage Rises to 4.29%

WASHINGTON -- Average U.S. mortgage rates rose modestly this week, a move that makes home-buying a bit less affordable. Still, rates remain near historically low levels. Mortgage buyer Freddie Mac says the average rate on the 30-year loan increased to 4.29 percent from 4.22 percent last week. The average on the 15-year fixed ticked [...]

U.S. Average on 30-Year Mortgage Rises to 4.29%2018-10-03T23:29:09+00:00

Mortgage Lenders Reportedly Accepting Lower Down Payments

The average down payment for 30-year fixed rate mortgages dropped to 15.73 percent of the home's value in the third quarter this year, down 2.74 percent from the second quarter, according to a report from LendingTree. A news release about report, which detailed the average down payment percentages by state, highlighted the relationship between down [...]

Mortgage Lenders Reportedly Accepting Lower Down Payments2018-10-03T23:29:09+00:00

VA Loans Are A Beautiful Thing

The VA loan program was created in 1944 by the U.S. government as a benefit to veterans for their service to our country. VA loans are not made by the Veteran’s Administration rather the VA provides a partial guarantee to the lenders that provide them. This allows for favorable program features and terms for the [...]

VA Loans Are A Beautiful Thing2018-10-03T23:29:09+00:00
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