How as a home-buyer can you find the perfect home, in the area you are looking at, with the rates on mortgages continuing to go up? Home-buyer challenges Rates on mortgages and costs grow together with competition Nate Lowenstein has been shopping for a home in Los Angeles, on and off, for ... » Learn More about Home-buyer challenges Rates on mortgages and costs grow together with competition
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Increased Rates Fail to Discourage Buyers
Despite mortgage rates reaching a two-year high a week ago, home buyers say the increased rates aren't scaring them away from their real estate search, in accordance with a new Redfin survey. Only 2.6% of respondents to the survey say they have chose to postpone their search since rates rose above ... » Learn More about Increased Rates Fail to Discourage Buyers
Down payment present? Be careful
Many first-time home-buyers receive down payment the help of a family member or close friend, but many do not realize there are specific guidelines they must follow for a home purchase to avoid trouble in the future. Down payment present? Be careful To begin with, the down payment must be a ... » Learn More about Down payment present? Be careful
30-year mortgage rate rises yet again – to 4.16%
Two out of three (62.5%) mortgage experts polled by Bankrate.com this week think the mortgage rate will continue to rise over the short term, and 25% foresee little change. Only 12.5% forecast a decline. 30-year mortgage rate rises yet again - to 4.16% Long-term U.S. rates on ... » Learn More about 30-year mortgage rate rises yet again – to 4.16%
Lenders say it’s much easier to obtain a mortgage
Genworth Mortgage Insurance again surveyed mortgage industry executives at the 2016 Mortgage Bankers Association (MBA) Annual Convention in Boston and found that fewer now see mortgage underwriting standards as overly restrictive. Lenders say it’s much easier to obtain a mortgage Overall, 50 % ... » Learn More about Lenders say it’s much easier to obtain a mortgage