Today, Senate Banking Committee Chairman Tim Johnson (D-SD) and Ranking Member Mike Crapo (R-ID) said they reached an agreement on housing finance reform. The pair… Read More »The Wind Down of Fannie Mae and Freddie Mac Gets Real
It wasn’t long ago that real estate was deemed toxic, untouchable, whatever bad thing you want to call it. But times have changed, thanks to… Read More »Thank You Millennials for Your Faith in Real Estate
After the Fed steered mortgage rates lower via quantitative easing, the housing market got the boost it needed to get back on track. In fact,… Read More »Why Low Mortgage Rates Might Force You to Stay in Your Current Home Forever
Many people will look back at 2013 with regret, perhaps realizing that there was a golden opportunity to purchase a home at a major discount.… Read More »It Looks Like the Seller’s Market Is Coming to an End
If you’re not satisfied with the selection of mortgage programs offered by your bank or local lender, you might want to consider the new 15/15… Read More »PenFed Just Invented a New Mortgage Program: The 15-Year ARM
Back in 2009, the government launched the Home Affordable Modification Program (HAMP) to help struggling homeowners keep up with their out-of-control mortgage payments. The program… Read More »Did You Receive a HAMP Modification? If So, Your Mortgage Payments May Increase This Year
President Barack Obama said a lot of things during his annual State of the Union Address before Congress last night, but he didn’t utter any… Read More »The Following Words Were Not Found in Obama’s State of the Union Address Last Night
As home prices and mortgage rates continue to rise, lenders are becoming a lot more creative with their product offerings to increase affordability and flexibility.… Read More »The HarmonyLoan: An Adjustable-Rate Mortgage You Control
Conventional wisdom says to pay off the mortgage in its entirety before you retire. That way you won’t have to worry about sizable housing costs… Read More »If You Don’t Want to Work Forever, Pay Off Your Mortgage
Believe it or not, real estate in the United States is actually really cheap, assuming you compare it to what others are paying in places… Read More »Real Estate in the United States Is Actually Cheaper Than Most Other Parts of the World
