What could be more exciting than making the leap from renter to first-time homeowner? You turn the key in a lock that no landlord has access to, you can read in a hammock in your own backyard, and you can even paint your dining room bright red, if you want to! Getting swept up in all the excitement is such …
Builder confidence in the market for newly constructed single-family homes rose three points in October to a level of 64 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). This month’s reading is a return to HMI levels seen at the end of the housing boom in late 2005.
The home loan process can seem intimidating, especially for a first-time homebuyer. It is not a simple process, but it doesn’t have to be too complicated. There are many resources available to help you prepare for your home buying journey, and your mortgage lender can answer the questions you have throughout the process. “We’re finding that many of our customers …
Saving up enough money for a down payment on your first home can seem like a daunting task—and it can be. But, say consumer advocates at nerdwallet.com, you might try using a few of these odd little shortcuts to trick yourself into saving more—and faster:
Homeownership is a dream for many Americans, and maybe it’s one of yours as well. Making this dream a reality requires hard work, dedication and the proper preparation. You must figure out where you want to live, what type of home you desire, what you can afford and also how your credit rating may impact your home-purchasing goals. Your credit …
Bankrate.com reports the 30-year fixed mortgage rate has retreated to 4.00 percent, the lowest level since late spring, with an average of 0.26 discount and origination points. At the current rate, the monthly payment on a $200,000 loan would be $954.83.
Home buyers were granted a bit more time to lock in today’s incredibly low mortgage rates before the era of low interest rates ends with the Fed’s decision to postpone raising its short-term target rate. However the move by the Fed just substantially increased the odds of the important symbolic move occurring in December. And like we’ve seen this week …
Apartmentlist.com recently delivered an ambitious study on millennials and their intentions about buying homes. The site’s inaugural Apartment List Renter Confidence Survey drew on data from nearly 6,000 millennial renters (age 18 to 34) at a time when homeownership for Americans under 35 years old is at its lowest point in the history of Census recorded data dating back to …
According to a recent report by Bankrate.com, approximately four in five Americans (77 percent) do not know that accounts with high outstanding balances can hurt their credit scores, even if they pay bills on time. Nearly the same percentage is unaware that closing an account lowers their credit scores.
