Daniel Acker | Bloomberg | Getty Images Prospective home buyers arrive with a realtor at a house for sale in Dunlap, Illinois, on Sunday, Aug. 19, 2018. With no major move in interest rates and continued weakness in home affordability, there was not a lot of incentive for homebuyers to […]
Daniel Acker | Bloomberg | Getty Images Prospective home buyers arrive with a realtor at a house for sale in Dunlap, Illinois, on Sunday, Aug. 19, 2018. With no major move in interest rates and continued weakness in home affordability, there was not a lot of incentive for homebuyers to […]
Strong employment numbers caused mortgage rates to take off with the 30-year fixed-rate average the highest it has been in nearly eight years. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average jumped to 4.94 percent with an average 0.5 point. (Points are… [“source=forbes]
For millions of Americans, it might soon be easier to get a mortgage loan — or any type of loan, for that matter — especially if they fall in the 500 to 600 FICO score range or have little to no credit history at all. The change comes by way […]
What’s driving current mortgage rates? Average mortgage rates today are nearly unchanged. However, early indicators in financial markets could cause higher repricing later. Personal Income (expected to increase by .1 to .4 percent) only actually increased by .2 percent (good for mortgage rates), Consumer Spending (expected to increase by .1 to .4 […]
The FHA 203k loan program provides home buyers the opportunity to buy and fix up a property, without exhausting their personal savings. Mortgage rates inched forward during the week ending Oct. 25, increasing slightly across the board, according to the Primary Mortgage Market Survey released by Freddie Mac. Rates […]
Fannie Mae and Freddie Mac have now been in Federal Governmental conservatorship for 10 years, with no end in sight and no plan for their future. While the prevailing political climate is hostile to the agencies continued existence, there is also a well-justified fear that terminating them would depress the […]
OFFSET accounts, redraw facilities, comparison rates and loan-to-value ratio are all common terms used in the mortgage industry. But Australians are struggling to keep pace with financial language, and it could be hitting their hip pocket. Signing up to a mortgage is often a person’s biggest lifetime expense and experts […]
The fierce competition between the HTC Vive, Oculus Rift, and Windows Mixed Reality headsets has been heating up ever more in 2018, with rampant price drops and the arrival of the much-improved HTC Vive Pro. These virtual reality platforms all run on headsets connected to a PC. The software has plenty of overlap, the hardware […]
Hundreds of millions of Indians crave a roof over their head. But they need a secure job first. Photographer: Dhiraj Singh/Bloomberg Affordable housing in India is a corner of finance that’s expanding almost 40 percent a year, and even more for some hyperactive lenders. The borrowers are subprime, their collateral is of […]
