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Current State of Rates

Jul 14, 2017

Mortgage interest rates had been holding in a steady range near their highest levels in roughly 3 months over the past 2 weeks which was mostly the result from the European Central Bank’s comments ...

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Credit Event Waiting Periods

Jul 7, 2017

Almost a decade ago millions of people began experiencing severe financial hardship including bankruptcy, foreclosures, defaults and short sales due to the “Great Recession”. Today, ...

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Rates Slightly Increased This Week

Jun 30, 2017

Mortgage interest rates were higher again on Thursday, with average loan pricing now back to levels not seen since the middle of May. In the worst cases, a few borrowers may now see rate quotes an ...

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Mortgage Rates Stable After Fed Hike

Jun 16, 2017

Mortgage rates inched upwards ever so slightly this week, reversing their month-long slide. This slight increase in mortgage rates came ahead of the widely expected rate hike by the Federal Reserve. The ...

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Solid Growth in Home Sales Despite Low Inventory

Jun 9, 2017

According to a recent forecast from Lawrence Yun, chief economist at the National Association of Realtors, 2017 is projected to finish with a 3.5%  increase in existing-home sales. He is predicting ...

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Freddie Mac's New Positive Outlook for 2017

Jun 2, 2017

Freddie Mac just changed its 2017 Housing Market outlook. Based on recent economic and housing data, they now see the U.S. housing market as being on track to not only beat 2016 figures, but to possibly ...

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Simple Tips to Save for a Down Payment

May 26, 2017

Saving enough money for a down payment for a home purchase may seem like an overwhelming task. However, a little research, focus and dedication is all it takes to move closer to accomplishing this life-changing ...

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Politics Help Move Rates Lower

May 19, 2017

Mortgage rates decreased slightly this week in the wake of weaker-than-expected U.S. economic data as investors lowered expectations about interest rate increases by the Federal Reserve in 2016. Rates ...

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Applications for Mortgages Increase

May 12, 2017

The gains are minimal, but the volume of new mortgage applications is beginning to improve again, as more homebuyers enter the market. Mortgage application volume increased by 2.4% last week from the previous ...

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Mortgage Rate Update

May 5, 2017

Mortgage rates barely moved this week after rising last week for the first time in over a month. This pause in mortgage rate volatility came amid a cautious market. With the economy on solid footing ...

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Fannie Mae Helps Those with Student Loans

Apr 28, 2017

WASHINGTON, DC – Fannie Mae announced new policies that will help more borrowers with student debt qualify for a home loan. These innovations address challenges and obstacles to homeownership due ...

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Fannie Mae's Updated Rate Forecast

Apr 20, 2017

Fannie Mae recently stated that policy changes are not likely to result in any meaningful economic growth this year and are taking a wait-and-see approach to some of President Donald Trump’s ...

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Rate Update: Lower and Sideways

Apr 14, 2017

For the first part of this year many investors were becoming increasingly worried/convinced that the decades-long trend toward lower rates had been permanently reversed, but such a conclusion would actually ...

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Appreciation & Accessible Home Equity

Apr 6, 2017

Home equity has increased nationwide as the number of underwater homes declined due to continued annual home price appreciation, according to Black Knight Financial Services’ latest report. "December ...

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Appraisal Data: MLS & Public Records Now Very Similar

Mar 31, 2017

Appraised values are crucial in underwriting mortgages and CoreLogic says one of the challenges is to make sure the information an appraisal provides is valid.  Appraisers are supposed to use current ...

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Housing Market Optimism

Mar 28, 2017

Both buyers and sellers alike are feeling very good about the housing market this spring, even as home values hit new highs and mortgage rates move up. A monthly sentiment index from Fannie Mae rose to ...

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FHA Loans Popular With Millennials

Mar 22, 2017

The residential market will begin to see more FHA loans as Millennials increasingly enter into homeownership, according to the latest Millennial Tracker Report from Ellie Mae. Millennials continue ...

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The Fed Has Spoken

Mar 21, 2017

Since we spent the past several weeks explaining why the Federal Reserve Board was likely to raise rates last week, we can definitely say that the Fed's decision was not a surprise -- especially since ...

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A Busy Week For Rates

Mar 17, 2017

Mortgage rates increased slightly this week, hitting new highs for the year as borrowing costs for homebuyers rise. The average 30-year mortgage rate climbed to 4.30% from 4.21% last week with the ...

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Update on Suspended FHA MI Reduction

Mar 10, 2017

The National Association of Realtors believes that the Administration’s recent decision to suspend a reduction in the Federal Housing Administration’s annual ...

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