The Reason Mortgage Rates Are Projected to Increase and What It Means for You
Based on the 50-year symbiotic relationship between treasury rates and mortgage rates, it appears mortgage rates could be headed up this year.
3 Ways Home Equity Can Have a Major Impact on Your Life
Savings in any form is a good thing. The forced savings you can earn from making a mortgage payment enables you to build wealth through home equity. That equity can come in handy in both good and more challenging times.
Millennials: Is It Time to Buy a Bigger Home?
Older millennials will be trade-up buyers with many having owned their first homes long enough to see substantial equity gains.
47% of New Buyers Surprised by How Affordable Homes Are Today
For first-time buyers, especially, the drop in the 30-year mortgage rate…has provided unexpected leverage. Lower rates allowed many buyers to stretch and buy more expensive homes while keeping their monthly budget the same.
3 Reasons We’re Definitely Not in a Housing Bubble in 2021
Home values appreciated by about ten percent in 2020, and they’re forecast to appreciate by about five percent this year. This has some voicing concern that we may be in another housing bubble like the one we experienced a little over a decade ago. Here are three reasons why this market is totally different.
Saving to buy a house or home savings concept with money coin stack growing.Saving money concept.
6 Facts About VA Loans That You May Not Know
Here's a link to a great article by Emily Huddleston of Redfin regarding VA Loans. "Are you thinking of buying a home? If you’re a veteran or active military personnel, you…
Do I Really Need a 20% Down Payment to Buy a Home?
The reality is, whether you’re looking for your first home or you’ve purchased one before, you most likely don’t need to put 20% down.
The Importance of Home Equity in Building Wealth
Home equity, for most Americans, is the quickest way to build household wealth. That wealth gives homeowners more options during good times and in difficult situations.
What Record-Low Housing Inventory Means for You
Total housing inventory at the end of December totaled 1.07 million units, down 16.4% from November and down 23% from one year ago (1.39 million).
What Happens When Homeowners Leave Their Forbearance Plans?
Banks likely don’t want to repeat the mistakes of 2008-2012 when they put large numbers of foreclosures on their books. This time, many will instead negotiate a modification plan with the borrower, which will enable households to maintain ownership of the home.