Category Archives: Mortgage Tips

Don’t Let Your “Luck” Run Out

      The 30-year fixed mortgage interest rate is currently still below 4%. Many buyers may be on the fence as to whether to act now and purchase a new home, or wait until next year, believing they still … Continue reading

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What’s Ahead For Mortgage Rates This Week – March 9, 2015

Last week’s economic news was light on housing related reports, but several employment reports were released along with the national unemployment rate, which dipped to 5.50 percent. This was a full point below the Federal Reserve’s original target rate of … Continue reading

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Don’t Miss These Home Tax Deductions

If you itemize your deductions, you may get back some of the money you spent on mortgage interest and property taxes. Image: Liz Foreman for HouseLogic Owning a home can pay off at tax time. Take advantage of these homeownership-related … Continue reading

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What’s Ahead For Mortgage Rates This Week – Feburary 9, 2015

Last week’s economic news included construction spending, which fell shy of expectations but exceeded the prior month’s spending, and several consumer and labor-related reports. The details: Mortgages More Accessible: Fed Survey A Federal Reserve survey of senior loan officers at … Continue reading

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New Fannie Mae Appraisal Program: Helping or Hurting?

Every home must be sold TWICE! Once to the buyer, and once to the bank appraiser if a mortgage is involved. The second sale may have just become more difficult. A new program announced by Fannie Mae may slow down … Continue reading

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Breaking News: Fannie and Freddie formally announce 3% Down Programs

  Yesterday, HousingWire reported that both Fannie Mae and Freddie Mac formally announced their 3% down options on home purchases. Fannie Mae’s plan will be effective December 13, 2014 while the Freddie Mac plan will be available March 23, 2015. … Continue reading

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What’s Ahead For Mortgage Rates This Week – December 8, 2014

Last week’s economic reports related to housing and mortgages were few, but construction spending, the Fed’s Beige Book report, non-farm payrolls and the national unemployment report indicated trends for the end of the year. Construction Spending Increases U.S. construction spending … Continue reading

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What’s Ahead For Mortgage Rates This Week – December 1, 2014

  Last week’s scheduled economic events were packed into Tuesday and Wednesday, but several housing-related reports were released including the Case-Shiller National and 10-and 20-City Home Price Indices for September, The FHFA House Price Index also for September, and New … Continue reading

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What’s Ahead For Mortgage Rates This Week – November 24, 2014

Last week’s scheduled economic news included the NAHB/Wells Fargo Housing Market Index, Housing Starts and Existing Home Sales. FOMC meeting minutes were released along with weekly Freddie Mac mortgage rates and weekly jobless claims. In addition, the National Association of … Continue reading

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What’s Ahead For Mortgage Rates This Week – October 6, 2014

Last week’s economic news included multiple reports on housing and the labor sector. The good news is that job markets appear to be stronger, with new jobless claims and the national unemployment rate lower. Unfortunately, housing continues to struggle in … Continue reading

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