Mortgage rates inched higher after France’s presidential elections. The 30-year fixed-rate mortgage is quoted at 4.125 percent on top-tier scenarios while other lenders may offer rates at 4 percent, though with higher upfront costs. What is going on? If you’re one of the majority, you probably Read more
Archives for April 2017
Foreclosures, Delinquencies Lowest in 11 Years
Black Knights Financial Services Inc. (BKFS) released a report on April 21, 2017, showing that mortgage delinquencies have reached its lowest since March 2006. The drop dipped 14.08 percent on a month-over-month statistics, while the year-over-year measurements showed an 11.40 percent Read more
Mortgage Applications for New Homes March Higher
March ended with more mortgage applications for the purchase of new single-family homes, according to the Mortgage Bankers Association. This accelerated activity represented a 6.7% increase from March 2016, and a 23% increase from February 2017, which does not include seasonal adjustments.The Read more
Spending Tricks to Save You More in the Long Term
The common logic is: less spending = more savings.But is it always the case?Investment is tricky. Sometimes, it requires a bit more of secondary thinking to really account for its impact on your finances. Sometimes, cheaper does not always mean savings. And sometimes, savings could mean more Read more
Which Refinance Loan Type Is Best For You?
If you have owned your home for a while, you may think about refinancing. Whether interest rates decreased or you need to tap into the equity in your home, there are many options available. Before you jump into any loan your current bank offers you, it pays to know the best refinance loan type for Read more
