Let’s talk about home prices again because there have been numerous reports of eroding affordability and fears that we might be topping out just five… Read More »Real U.S. Home Prices Remain 33.3% Below 2006 Peak
While pundits and fusspots continue to question whether we’re headed for another housing bubble, consider this: The most recent mortgages were among the highest quality… Read More »Today’s Mortgages Are Not Your Older Sibling’s Mortgages
Mortgage lenders have come a long way in the past decade. They used to approve loans without the need for income, asset, or employment documentation,… Read More »Credit Bureau Experian Launches Real-Time Asset and Income Verification for Mortgages
Can you believe it’s already March? I can’t either, but it is, heck, it’s nearly April if you think about it, without overthinking it. Anyway,… Read More »A Return to ARMs
There’s a popular new loan in town that a lot of credit unions seem to be offering known as the “5/5 ARM,” which essentially replaces… Read More »The 5/5 ARM Is an Adjustable-Rate Mortgage for the Faint of Heart
At first glance, I’m wondering why he didn’t list it for $10,999,999, but shoot, he probably has a reason. Legendary investor Warren Buffett has finally… Read More »Warren Buffett Just Listed a Home for $11 Million That He Paid $150,000 For
A recent Zillow survey of housing experts found that rising mortgage rates and their impact on affordability would “be the most significant force driving the… Read More »Are Home Buyers Worrying About the Wrong Thing?
