Tag: Mortgage

Posted on 03/15/2022

Mortgage Delinquencies Drop to Record Low

©phototechno - Getty Images The percentage of homes with mortgages that have late payments or are in foreclosure has dropped to the lowest seen on record in more than two decades, according to CoreLogic’s data dating back to 1999. The nation’s overall delinquency dropped to 3.4% at the end of 2021, with the majority of states posting a...

Real Estate

Mortgage

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Posted on 03/02/2022

Options for Veteran Mortgage Relief to Consider

If you have a VA loan, the U.S. government has options in place to assist you in case of financial hardship. There are multiple programs available to help you avoid late payments and foreclosure if your mortgage meets eligibility. Here are the major veteran mortgage relief options to know: Refund Modification A refund modification affects the principal and...

Mortgage

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Posted on 01/07/2022

Homeownership Still More Affordable Than Renting

Home prices may be growing faster than rents in most places across the country, but homeownership still beats renting financially, shows a new study from ATTOM Data Solutions, a real estate data firm. Owning a median-priced home is more affordable than the average rent of a three-bedroom property in 58% of 1,154 counties tracked in the report. Researchers analyzed...

Refinance

Buyrealestate

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Posted on 04/27/2021

Tall Barriers for First Home Buyers

Student debt holders and minorities tend to purchase lower-priced homes, leading to lost wealth accumulation over time, according to a new working paper, “Mind the Gap: Home Price Differences By Race and Student Debt.” The research, which evaluates purchase price differences among home buyers from January 2014 to December 2017, was conducted by Jessica Lautz, vice president of demographics...

Firsttimehomebuyers

Housingmarket

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Posted on 03/11/2021

FAQs for First-Time Homebuyers (and a Refresher Course for Others)

Buying your first home can feel like a whirlwind. From open houses to decorating, it is a time filled with a flurry of exciting activities. But it can also be a time of uncertainty. Some of the concepts and terms associated with the home-buying process can be confusing. Having this information on hand will give you the confidence that...

Posted on 01/22/2021

Based on data compiled by Credible Operations, Inc.: 30-year fixed-rate mortgages: 2.500%, 20-year fixed-rate mortgages: 2.375%, 15-year fixed-rate mortgages: 1.750%, Rates last updated on January 22, 2021....

Refinance

Interestrates

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Posted on 01/11/2021

Interest Rates on the Raise

Based on data compiled by Credible Operations, Inc., current mortgage refinance rates are trending up since last Friday. Average rates for all loan types spiked to 2.542%, while 30-year rates rose to 2.750%, a high not seen since December 3, 2020. 30-year fixed-rate refinance: 2.750%, Up from 2.625%, +0.125 20-year fixed-rate refinance: 2.750%, Up from 2.625%, +0.125 15-year fixed-rate...

Interestrates

Loan

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Posted on 01/04/2021

Best Ways to Save for a First Home

One of the most expensive and important purchases you’re likely to make in your lifetime is that of a home. Let’s face it, home ownership is one of the central components of the American “dream.” Moreover, owning a home continues to be talked about as one of the safer investments a person can make. To that end, when is...

Posted on 11/18/2020

Based on compiled date, mortgage rates have remained unchanged since yesterday. 30-year fixed-rate mortgages: 2.625% 20-year fixed-rate mortgages: 2.500% 15-year fixed-rate mortgages: 2.000% Rates last updated on November 18, 2020. Actual rates may vary. The factors behind today’s mortgage rates Current mortgage and refinance rates are affected by many economic factors, like unemployment numbers and inflation. But your personal...

Posted on 07/28/2020

From HousingWire.com:U.S. existing-home sales rose 21 percent in June, the biggest monthly gain on record, according to the National Association of Realtors.Sales of single-family homes, townhomes, condominiums, and co-ops rose to a seasonally adjusted 4.72 million at an annual pace after three consecutive months of declines, NAR said in a Wednesday report. The median price rose 3.5 percent...

Posted on 06/08/2020

The labor sector dominated the headlines as the ADP and Bureau of Labor Statistics Jobs Reports for May were released. First up on Wednesday, the ADP Report showed devastating job losses in the private sector. However, they were significantly better than expectations, which we explain in more detail below. Friday brought a huge surprise as the BLS reported 2.5...

Posted on 05/15/2020

Mortgage rates continue to hover around all-time lows — and if the economic rebound from the coronavirus shutdowns is prolonged, rates could move even lower. The 30-year fixed-rate mortgage averaged 3.28% during the week ending May 14, representing an uptick of two basis points from a week ago, A year ago, the 30-year fixed-rate mortgage averaged 4.07%. The trajectory...

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