Reverse Mortgage is Valuable Option for Seniors
Seniors who accumulate a nest egg during their working years that they then use to maintain their lifestyle during retirement risk running out of money if they live too long.
Understanding FHA Mortgages
The Federal Housing Administration is the government agency that sets standards for building construction, but for homeowners or home buyers it can be a lot more.
Mortgage Rates Holds as Economic News Mixed
Mortgage rates were little changed this week on mixed news for housing, with Freddie Mac saying the average rate for 30-year conventional loans was 3.84 percent, compared with 3.85 percent a week ago.
Improving Economy Drives Mortgage Rates Up
Interest rates on fixed-rate mortgages have moved higher three weeks in a row, with Freddie Mac's latest survey showing lenders offering well-qualified borrowers conventional 30-year loans at an average of 3.85 percent, up from 3.8 percent last week.
New Disclosures Could Impact Mortgage Closing Process
South Carolina Realtors is advising real estate agents to talk to a law firm asap about how new federal laws, closing procedures and documents potentially could cause delays at closing.
Home Loan Interest Rates Increase
Interest rates for fixed-rate mortgages rose this week, with the average on a 30-year loan reaching 3.80 percent, up from 3.68 percent a week earlier, Freddie Mac said Thursday.
Financing Small Real Estate Loans is Tough
Providing small mortgage loans at non-subsidized prices affordable to the borrower has always been a challenge.
Mortgage Rates Up But Remain Historically Low
Mortgage rates rose slightly this week on mixed economic news, with Freddie Mac's weekly survey of lenders showing the average rate for a conventional 30-year fixed loan at 3.68 percent, up from 3.65 percent last week.
Understanding Mortgage Rate Locks
You have identified the mortgage lender with whom you wish to work, based at least in part on a price quote. You probably know that the price quote doesn't mean anything until it is locked, but few borrowers know all the steps required to get to the lock and the possible costly missteps in the process.
Slight Improvement in Mortgage Rates
Mortgage rates have dropped slightly, Freddie Mac's survey of lenders shows, with the average for a 30-year fixed home loan at 3.65 percent, down from 3.67 percent in last week's report.