According to Bankrate.com mortgage rates have risen slightly this week, but if we look at the overall trend of mortgage rates we see a very different picture. We see an economy trying everything it can to stabilize the housing market and succeeding. The average mortgage rate was 3.5% in 2013, the industry responded with record […]
Interest rates, mortgage qualifications, the current job market, as well as GDP all work together and effect the current mortgage market. The articles below study the effect on buyers looking to purchase a home as well as sellers looking to sell their home.The articles below will tie it all together.
It is great news for 2013! Senior Financial Analyst Greg McBride from Bankrate has predicted mortgage rates to stay under 4% for 2013. Credit will ease as banks start to compete for home equity loans and other credit products. See Bankrate.Com for more details.
Mortgage lenders are in the news again, only this time it’s not Freddie Mac and Fannie Mae in the hot seat. If you purchased a home through GMAC (now Ally Financial), Bank of America, JPMorgan Chase, or Citibank, you may want to take note. Last week’s settlement of $25 billion is proposed to aid homeowners […]
Home ownership can be a heavy responsibility at times… especially when times are tough. It can be challenging to find help when times are difficult due to a decrease or loss of income, illness, unexpected disaster or home repairs, or personal crisis such as separation or divorce. Add to that a reduction in home values, and […]