Latest Blog Posts

Looking Ahead in 2016: Mortgage Trends That May Affect You

Looking Ahead in 2016: Mortgage Trends That May Affect You

The housing market is in a constant state of flux, and with the changing shape of real estate there will most definitely be notable trends to watch out for in the next year. Whether you’re approaching the market with caution or are ready to dive in without worry, here are some things to watch out for in 2016.

By February 4, 2016 Read More →
Understanding How Home Equity Works and Why Buying a Home Can Be Your Best Investment

Understanding How Home Equity Works and Why Buying a Home Can Be Your Best Investment

Whether you’ve never heard the phrase ‘home equity’ before or you have a little familiarity, here are the ins and out of what it means and how this asset can help your financial outlook.

By February 3, 2016 Read More →
Everything You Need to Know About Fannie Mae’s New Home Ready Mortgage

Everything You Need to Know About Fannie Mae’s New Home Ready Mortgage

Traditionally, getting a mortgage requires you to have a level of income appropriate to the size of home that you’re buying. But for a lot of low-income and minority borrowers, a simple measure of one person’s income isn’t an accurate measure of whether or not that person can afford a home.

By February 2, 2016 Read More →
What’s Ahead For Mortgage Rates This Week – Feburary 1, 2016

What’s Ahead For Mortgage Rates This Week – Feburary 1, 2016

Last week’s economic events included S&P Case-Shiller’s home price indexes, reports on new and pending home sales and the Fed’s FOMC statement. The details:

By February 1, 2016 Read More →
Video: What Is “Prime”?

Video: What Is “Prime”?

What Is Prime? The Prime Lending Rate – sometimes just called “Prime” – is the interest rate that banks charge each other for overnight loans. Some consumer rates – like ARMs – are set in relation to Prime.

By January 29, 2016 Read More →
FOMC Statement: Fed Holds Steady on Rates

FOMC Statement: Fed Holds Steady on Rates

According to statement issued at the conclusion of today’s Federal Open Market Committee meeting, committee members decided against raising the target federal funds rate. Mixed economic conditions, slower economic growth in the 4th quarter and low inflation contributed to the decision against raising rates. The target federal funds rate was raised in December to a range of 0.25 to 1.59 percent after remaining at 0.00 to 0.25 percent for several years. While rising fed rates were expected to cause a hike in mortgage rates, mortgage rates fell after December’s rate hike.

By January 28, 2016 Read More →
FOMC Statement: Fed Holds Steady on Rates

FOMC Statement: Fed Holds Steady on Rates

According to statement issued at the conclusion of today’s Federal Open Market Committee meeting, committee members decided against raising the target federal funds rate. Mixed economic conditions, slower economic growth in the 4th quarter and low inflation contributed to the decision against raising rates. The target federal funds rate was raised in December to a range of 0.25 to 1.59 percent after remaining at 0.00 to 0.25 percent for several years. While rising fed rates were expected to cause a hike in mortgage rates, mortgage rates fell after December’s rate hike.

By January 28, 2016 Read More →
Struggling to Get Approved Because of Your Income? 5 Reasons to Consider a FHA Loan

Struggling to Get Approved Because of Your Income? 5 Reasons to Consider a FHA Loan

Buying a home isn’t cheap. But if you’re determined to become a homeowner, the FHA home loan program can help. This loan program, ideal for first-time buyers with low incomes, can help you to build your credit and make home ownership a reality.

By January 27, 2016 Read More →
A Guide to Financing Home Improvements and How Mortgage Refinancing Can Help

A Guide to Financing Home Improvements and How Mortgage Refinancing Can Help

If you’re planning to remodel or renovate your home in the near future – whether to provide a better living environment or as part of a house flip – you’ll need to find a way to pay for your home improvements. There are several different possible sources of renovation money, each with their own advantages and disadvantages. One option that is gaining popularity is mortgage refinancing.

By January 26, 2016 Read More →
What’s Ahead For Mortgage Rates This Week – January 25, 2016

What’s Ahead For Mortgage Rates This Week – January 25, 2016

Last week’s scheduled economic news included releases from the National Association of Home Builders, Housing Starts, and Existing Home Sales. Weekly reports on new jobless claims and mortgage rates were also released.

By January 25, 2016 Read More →