In the years that followed the 2008 housing disaster which affected global economies in collective, millions of American homeowners and homebuyers have benefited from historic low mortgage interest rates.The Federal Reserve’s efforts to raise the economy became a major driver in keeping this Read more
PMMS: Rates Drop for Second Consecutive Week
For the second week straight, mortgage interest rates declined, according to the latest Freddie Mac Primary Mortgage Market Survey. The report has shown the 10-year Treasury yield rise by 5 basis points for the week ending July 27, 2017 while the 30-year fixed-rate mortgage dropped by 4 basis points Read more
Wages Now Struggle to Keep Up with Home Prices
The latest US Home Affordability Index datafor the second quarter of the year reveals an unsettling fact about homeownership in the country: it’s getting more expensive to own a home since the crisis hit in 2008.In a recent report provided by California-based housing data and analytics company Read more
Mortgage Refinance or Modification – Which Is a Viable Option?
It’s only natural for homeowners to find ways to lower their existing monthly payments and make them affordable. There are mainly two options for that: a refinance and a modification. Each is a distinct process with its considerations and challenges. How do you know which option is viable? Find out Read more
Shopping for the Best Mortgage Means Looking at Its Costs
This month we are celebrating the National Homeownership Month. In the endeavor of buying a home, everyone is encouraged to shop and compare mortgages. This puts things in perspective, the costs involved in borrowing money for your home being at the forefront. Indeed, rates don’t solely make a Read more
