Long-term U.S. mortgage rates rose this week for a second straight week, posting new highs for the year. The markets were anticipating an increase in a key interest rate by the Federal Reserve, which the Fed announced Wednesday. 30-year rates on mortgages increase again to ... » Learn More about 30-year rates on mortgages increase again to 4.30%
Home buyers
Exactly what Home Buyers Wish They’d Realized
Up to 50 % of American homeowners recently surveyed said they would do something differently if they were to go through the home buying process again, according to the NerdWallet’s Home Buyer Reality Report, which analyzed the steps in excess of 2,200 Americans took to ownership. Exactly what ... » Learn More about Exactly what Home Buyers Wish They’d Realized
Credit Reporting Modification May Increase Scores
The three major credit reporting agencies have announced a substantial improvement in their credit reporting metrics which may both boost credit scores for millions of consumers and cause potential problems for lenders. Credit Reporting Modification May Increase Scores The Consumer ... » Learn More about Credit Reporting Modification May Increase Scores
Look out for Deed Restrictions
Deed restrictions may bring nasty surprises to homeowners planning to remodel or even when buying a home. These restrictions can limit a number of property features, such as the number of bedrooms in your home, the structure height, the type of vehicles in your driveway, the fencing permitted, the ... » Learn More about Look out for Deed Restrictions
4 Budgeting Strategies for Buyers from Nick & Cindy Davis
On the brink of purchasing a house? Before you head out on the initial home tour with your agent, arm yourself with the following strategies. 4 Budgeting Strategies for Buyers from Nick & Cindy Davis 1. Double check your credit If you're thinking about buying, you need to already be ... » Learn More about 4 Budgeting Strategies for Buyers from Nick & Cindy Davis