As lenders tighten mortgage guidelines for home buyers, minimum down payment requirements are increasing.
As lenders tighten mortgage guidelines for home buyers, minimum down payment requirements are increasing.
The National Association of Home Builders (NAHB) reported Thursday that its Housing Market Index rose three points to a reading of 59 for August.
Last week wasn’t kind to stock market investors, but weekly jobless claims fell to an unexpected low of 320,000 new jobless claims filed was its lowest level in nearly six years. Average mortgage rates were mixed, but inched upward.
August means it’s time to get your children ready for school once more. Picking out backpacks, going clothes shopping and finding all the right school supplies can be hectic enough.
A mortgage loan approval is never final until it’s funded. And that means after you’ve signed the final paperwork and the bank has wired funds to escrow.
Are you applying for a mortgage on your home? Keep in mind that a mortgage is a major financial decision and choosing one will have a significant impact on the rest of your life.
When you are buying your new home, you will not only need to consider the house itself but the neighborhood that it is located in.
Highlights of economic news from last week, include a survey of senior loan officers from U.S. and foreign banks doing business in the U.S. indicated that banks were gradually easing lending standards for business and consumer loans, but viewed lending criteria for home loans as more restrictive than other types of loans.
Summer always brings with it a hard choice: Do you turn down the thermostat to stay cool and resign yourself to high power bills? Or, do you sweat it out to save some dough? If you’ve been struggling with this dilemma, don’t fret.
U.S. housing markets continue to drive the economic recovery according to data released by RealtyTrac Inc. National home prices rose by 11.90 percent year-over-year for June.
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