Setting the Record Straight: 3 Major Misconceptions About Mortgage Financing

February 9, 2016

Purchasing a home is often considered an important step in one’s financial life. If you’re planning on buying a home soon and want to avoid some major missteps, here are a few tips that will set you up for success.

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What’s Ahead For Mortgage Rates This Week – Feburary 8, 2016

February 8, 2016

Last week’s scheduled economic news included reports on construction spending and several labor-related reports along with weekly reports on mortgage rates and new jobless claims. The details:

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Spring is Almost Here: Planning a Massive Spring Cleaning in Just 4 Easy Steps

February 5, 2016

It may seem like the holiday season has just passed, but it won’t be too long before the flowers begin to bloom and spring peeks out from around the corner. While the tradition of spring cleaning that comes with the season may not be as common as it once was, it can actually be a great way to revive and refresh and prepare for the summer ahead.

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Looking Ahead in 2016: Mortgage Trends That May Affect You

February 4, 2016

The housing market is in a constant state of flux, and with the changing shape of real estate there will most definitely be notable trends to watch out for in the next year. Whether you’re approaching the market with caution or are ready to dive in without worry, here are some things to watch out for in 2016.

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Understanding How Home Equity Works and Why Buying a Home Can Be Your Best Investment

February 3, 2016

Whether you’ve never heard the phrase ‘home equity’ before or you have a little familiarity, here are the ins and out of what it means and how this asset can help your financial outlook.

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Everything You Need to Know About Fannie Mae’s New Home Ready Mortgage

February 2, 2016

Traditionally, getting a mortgage requires you to have a level of income appropriate to the size of home that you’re buying. But for a lot of low-income and minority borrowers, a simple measure of one person’s income isn’t an accurate measure of whether or not that person can afford a home.

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What’s Ahead For Mortgage Rates This Week – Feburary 1, 2016

February 1, 2016

Last week’s economic events included S&P Case-Shiller’s home price indexes, reports on new and pending home sales and the Fed’s FOMC statement. The details:

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Video: What Is “Prime”?

January 29, 2016

What Is Prime? The Prime Lending Rate – sometimes just called “Prime” – is the interest rate that banks charge each other for overnight loans. Some consumer rates – like ARMs – are set in relation to Prime.

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FOMC Statement: Fed Holds Steady on Rates

January 28, 2016

According to statement issued at the conclusion of today’s Federal Open Market Committee meeting, committee members decided against raising the target federal funds rate. Mixed economic conditions, slower economic growth in the 4th quarter and low inflation contributed to the decision against raising rates. The target federal funds rate was raised in December to a range of 0.25 to 1.59 percent after remaining at 0.00 to 0.25 percent for several years. While rising fed rates were expected to cause a hike in mortgage rates, mortgage rates fell after December’s rate hike.

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FOMC Statement: Fed Holds Steady on Rates

January 28, 2016

According to statement issued at the conclusion of today’s Federal Open Market Committee meeting, committee members decided against raising the target federal funds rate. Mixed economic conditions, slower economic growth in the 4th quarter and low inflation contributed to the decision against raising rates. The target federal funds rate was raised in December to a range of 0.25 to 1.59 percent after remaining at 0.00 to 0.25 percent for several years. While rising fed rates were expected to cause a hike in mortgage rates, mortgage rates fell after December’s rate hike.

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