Refinancing a mortgage can provide a homeowner with many benefits, and some may be interested in refinancing their traditional mortgage into an FHA mortgage to take advantage of low interest rates. Depending on the specific circumstances, this step … [Continue reading]
What’s Ahead For Mortgage Rates This Week – August 3, 2015
Last week's scheduled economic reports included the Case-Shiller 20 and 20-City Index reports, pending home sales data released by the National Association of Realtors® and the scheduled post-meeting statement of the Federal Reserve's Federal … [Continue reading]
First-time Home Buyers: Why Splurging for a Larger Home Beats Condo Living
Some first-time home buyers are on a tight budget when making their real estate purchase, and there may be an inclination by many to purchase a smaller property, such as a condo, rather than the home they truly want. While there may be some initial … [Continue reading]
Federal Reserve FOMC Announcement
The stage was set in high suspense for FOMC's post-meeting announcement on Wednesday. As fall approaches, analysts and the media are looking for any sign of when and how much the Fed will raise its target federal funds rate. According to CNBC, some … [Continue reading]
Understanding the Basics of How the Adjustable Rate Mortgage or ‘ARM’ Works
As the 2009 recession fades into the sunset, the home buying market is showing signs of improvement in areas all over the United States. With more home buyers now entering the market, this becomes a good time to discuss one popular type of mortgage … [Continue reading]
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