Posts from: Mortgage News
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Key HighlightsIn the fourth quarter of 2021, fewer markets – 67% of 183 metro areas – had a double-digit increase in the median single-family existing-home sales price (78% in the prior quarter).The median sales price of single-family existing homes rose at a…
There is both good and bad news as the strengthening labor market pushes up interest rates. Nearly half a million net new payroll jobs were added in January; that figure is over a million if we include independent self-employed business owners. Such gains also mean…
Following the trend of the 10-year Treasury yield, mortgage rates resumed their upward trek. The 30-year fixed mortgage rate surged to 3.69% from 3.55% the previous week. Rapidly rising inflation and surprisingly strong job gains in January pushed up rates. While…
Get a handle on your finances 1. Check your own creditYour credit score will affect your mortgage interest rate; try to improve it as much as you can.2. Research sales price in your areaTalk to an expert about sales prices and other costs of homeownership, like…
If you've never bought a home before, the sheer number of mortgage loan options can be overwhelming. Here are 9 of the different types of loans available so you can figure out which one best fits your circumstances.Conventional loanConventional loans are not…
