Low mortgage rates are holding on — and millions of US homeowners are making this big mistake Mortgage rates have been relatively stable over the past few weeks, a widely followed survey shows, even as experts keep warning that higher borrowing costs are on the way. For now, fears about the omicron variant and its […]
Read More(Bloomberg) — Fannie Mae and Freddie Mac climbed after their regulator announced that the mortgage giants will be able to back loans worth nearly $1 million in some of the most expensive U.S. housing markets. Reflecting the surge in home prices during the Covid-19 pandemic, Fannie and Freddie will be able to buy loans of […]
Read MoreMortgage rates fell for a 2nd consecutive week, marking a 2nd decline in 5-weeks. The fall also saw 30-year fixed rates fall back to sub-3% after having held above the 3% mark for 4 weeks in a row. In the week ending 11th November, 30-year fixed rates slid by 11 basis points to 2.98%. Compared […]
Read MoreIt was inevitable that the housing market would slow down a bit. After all, home prices can’t continue to outpace income growth by a 4-to-1 ratio forever, right? However, even as the market has seen some softening so far, price hikes and bidding wars are still ongoing across the U.S. And the industry consensus is […]
Read MoreMortgage documents Whether you experience a sudden financial windfall or just find yourself with leftover cash in your budget each month, you might be wondering what to do with those extra funds. One option is to contribute more money toward the loan on your home, but should you pay off a mortgage early, or are […]
Read MoreGet rich as a renter: 5 ways to build wealth without buying a home For many, homeownership is an essential part of the American dream. That doesn’t mean it has to be your dream, too. Maybe you don’t need the space or a backyard for your dog. Maybe you don’t think real estate is the […]
Read MoreWhat’s a better financial move: putting 20% down on a house or 10% and investing the rest? When you put 20% down on the purchase of a home, you don’t have to borrow as much money as someone whose down payment is only 5% or 10%. And as a result, your monthly mortgage payment may […]
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