Why You Should Include an Appraisal Contingency in Your Offer

Making an offer on a home is a huge deal. Having the seller accept that offer is an even bigger deal. In a matter of weeks or months, you could become a homeowner. However, before you start jumping for joy, you should understand the different contingencies you should...

How to Prepare for a HELOC Reset

If you are like millions of other Americans, you may be about to enter a HELOC reset. Just what does that mean? Remember that HELOC you took out around 10 years ago? It’s about to reset, meaning your payments are about to skyrocket.Get Matched with a Lender, Click...

How to Spot a Phishing Scam

The current market for housing is still tight, with skyrocketing demand and an ever scarce supply. Unfortunately, the market is not only attracting buyers, but also the opportunists who want to take advantage of the loopholes of the system.Get today’s mortgage...

Bottom of the barrel mortgage rates inch higher

After nearly two months of declines, mortgage rates inched higher this week. Freddie Mac’s Primary Mortgage Market Survey (PMMS) showed the average 30-year fixed mortgage rate increasing from an average of 3.78 percent to 3.83 percent. This is the first time rates...

S&P/Experian: Default Rates on First, Second Mortgages Rise in October

“For the first time since January 2017, the default rates for autos, bank cards and mortgages all rose together,” said David M. Blitzer, managing director and chairman of the index committee at S&P Dow Jow Indices, which together with Experian released their...

Mortgage Applications Slide Down in Latest Weekly Survey

In the week ending July 7, the volume of mortgage applications had acutely gone down 7.4 percent for the previous week. This data** is reported by the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey.SURVEY HIGHLIGHTSThe overall Market...

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Fed Defers Rate Hike as CPI Remains Unchanged

The Federal Reserve (Fed) decided to keep the target range for the federal funds rate between 1 and 1.25 percent. This is in line with its economic data which shows inflation running below its targeted 2% threshold and as confirmed by the Consumer Price Index that...

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Homebuying Tips for the Season

Seasonality is probably something you did not think about when you first decided to get a home. But it’s a big factor in homebuying and could dictate the price options that are available to you.Aside from inventory and demand factors, there are also quite a checklist...

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Fed Raises Benchmark Rate Again, How Will This Affect You?

The Federal Reserve (Fed) raised its benchmark rate by a quarter percentage point, from 1% to 1.25%effective June 15, 2017. A reading of the Fed’s policymaking body, Federal Open Market Committee (FOMC)’s statement signals that this won’t be the last rate hike this...

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