An adjustable-rate mortgage was once a great mortgage product, at a time when home buyers wanted to avoid locking in high interest rates. But with historically low interest rates now available to millions of buyers and rates expected to rise in 2017, … [Continue reading]
What’s Ahead For Mortgage Rates This Week – May 23, 2016
Last week's economic news included the NAHB Housing Market Index, reports on housing starts, building reports and existing home sales. Minutes of the Federal Reserve's last FOMC meeting were also released. Homebuilder Confidence Unchanged, Housing … [Continue reading]
3 Ikea Hacks That Can Be Done in a Weekend’s Time
Whether you're moving into your first apartment or preparing to purchase a second home, Ikea is a favorite for those trying to economically fill up the extra space in their home. While Ikea may have plenty of inexpensive options that you might not … [Continue reading]
How Are Mortgage Rates Determined?
If you've been paying attention to the mortgage rate news, you may be wondering exactly how it is banks decide what mortgage rates to offer. Do they just pick a number at random? Mortgage rates may seem somewhat arbitrary, but there's actually … [Continue reading]
NAHB: Home Builder Confidence Holds Steady in May
The National Association of Home Builders reported that home builder confidence in the U.S. housing market conditions held steady for the fourth consecutive month in May. Builder confidence stayed at a reading of 58, which was the number expected by … [Continue reading]
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