Should You Bother Refinancing Your Current Mortgage ...
If you don’t mind, let me beat a dead horse. Mortgage rates are at or near record lows and you could save a ton of ...7 Reasons Why You Can’t Refinance Your ...
With mortgage rates so low, just about everyone and their mother has at least inquired about refinancing. Unfortunately, a lot of current homeowners are finding ...Why Adjustable-Rate Mortgages Are Bad News Right ...
With mortgage rates as low as they are at the moment, you may be looking beyond fixed-rate options if you’re in the market to purchase ...10 Ways to Build Home Equity
These days, home equity is all the rage. During the housing boom, it was all about tapping into your home equity with a line of ...A Mediocre Credit Score Will Cost You ...
While there are a number of factors that determine what mortgage rate you’ll qualify for, assuming you can indeed qualify for a mortgage, perhaps the ...Should You Buy a House Now or ...
With mortgage rates on long-term fixed-rate mortgages finally slipping into the 3% range, mind you just barely, more fence-sitters may be pondering this very question. ...6 Things Holding Renters Back From Becoming ...
A new survey from real estate listing service Trulia revealed that 59 percent of renters aspire to be homeowners, but there are six main issues ...Latest Posts
The Fed Minutes and Mortgage Rates
Just a few short hours ago, the Federal Reserve released the hotly anticipated FOMC “minutes” from its two-day meeting that took place back on April 30th and May 1st. The contents weren’t all that exciting, though they seemed to be ... Read More »
Assumable Mortgages: Set to Get Popular Once Rates Rise
Everyone knows mortgage rates are super cheap right now. And just about everyone believes they won’t last very long at this level. In fact, tomorrow Ben Bernanke will testify before the Joint Economic Committee regarding the direction of the economy, ... Read More »
Slowing Mortgage Market Could Lead to Looser Lending
The forecast for the 2013 residential mortgage market wasn’t all that optimistic. Back in December, the Mortgage Bankers Association said it expected refinance volume to slip to $785 billion from $1.2 trillion in 2012, while purchase money mortgage activity was ... Read More »
Is the Real Estate Market About to Be Tested?
For months I’ve been talking about how it has become a seller’s market, what with the super low inventory and unbeatable mortgage rates. Factor in the sizable reduction in short sales and foreclosed properties, along with strong investor demand, and ... Read More »
How Long Do You Plan to Keep Your Mortgage?
The mortgage landscape has changed a ton over the past several years. Mortgage lending guidelines have firmed tremendously since the crisis took hold, and mortgage rates have fallen to all-time lows. Meanwhile, home prices seem to have bottomed, and decent ... Read More »
Mortgages Originated Before 2009 Account for 86% of Delinquencies
What a difference a few years make. Back in 2007 and 2008, lenders were still willing to hand out high-risk mortgages, such as those with limited documentation or no money down (or both). And they did so at a time ... Read More »
Zillow: People Don’t Know Much About Mortgages
A new survey from Zillow revealed that prospective home buyers may be “ill-prepared to take out a mortgage,” with basic mortgage questions answered incorrectly nearly one-third of the time. For example, 34% of prospective buyers indicated that they weren’t aware ... Read More »
Will High Quality Mortgages Prevent Another Housing Bubble?
After the previous mortgage boom and subsequent crash, many questions were asked regarding what exactly went wrong. There was plenty of finger pointing, from overreliance on credit scores, to endless investor speculation, to Wall St. packaging substandard mortgages and the ... Read More »
Warren Buffett: Now Is the Time to Get a Mortgage
There are plenty of so-called experts and gurus out there with all types of advice on what you should do with your money, but perhaps the most celebrated is Warren Buffett, known affectionately as the “Oracle of Omaha.” On Saturday, ... Read More »
The HELOC Resets Are Coming: Should We Worry?
Several years ago, when the mortgage crisis first materialized, an interest rate reset chart from Credit Suisse began circulating on the Internet. The picture said more than a thousand words – it essentially foretold disaster for the housing market, and ... Read More »
