2017 started with good news; fixed mortgage rates were lower, but the national unemployment rate ticked upward and labor reports showed fewer openings for public and private sector jobs. Construction spending was higher in November.
Understanding the Reverse Mortgage and How to Use It to Pay Off a Regular Mortgage
There are a variety of mortgage products out there that serve the needs of different homeowners, but for the uninitiated it can be hard to know what will work best for them. If you happen to be close to retirement and are looking at options that will be more financially beneficial for you, here are the details on a reverse mortgage and how this product can work for you.
The Pros and Cons of ‘Mortgage Before Marriage’ for Young Couples
There was a time when a higher percentage of people were married before they committed to buying a home together, but it's a lot more common to co-habit and invest in a home together. If you're considering the commitment of a mortgage without being married, here are some things to be aware of before you start searching the market.
5 Major Red Flags to Watch for When You’re Touring an Open House
An open house is one of the best opportunities a potential homeowner will have to take stock of a home and determine if it will work for them. If you're currently perusing the open houses in your neighborhood, here's some things you should make sure to watch out for.
What’s Ahead For Mortgage Rates This Week – January 2, 2017
Last week's economic reports were in short supply due to the Christmas holiday. Events reported included Case-Shiller home price indices, pending home sales and weekly readings on mortgage rates and new jobless claims. Consumer confidence was also released.
Selling Social: How to Leverage Your Social Network to Sell Your Home Faster
There were days when the marketing of a home involved plunking a sign into the front yard, but with the power of the Internet, there are many mediums through which home sellers can find potential buyers. If you're currently looking at ways to use the power of social media in order to get your ideal purchase price, here are some things you can do to best harness its capabilities.
Did You Know? A Mortgage Professional Can Save You a Lot of Money. Here’s How
Many people forego a mortgage broker and decide to go through the application process on their own, but a mortgage professional can actually work to save you money when it comes to your biggest investment. Here are a few reasons you may want to consult a broker to make for an improved real estate investment.
Case-Shiller: Home Price Growth Continues
Home increased in October according to Case-Shiller's 20City Home Price Index. Home prices rose from September's annualized reading of 5.40 percent to 5.60 percent. Factors contributing to rising home prices include stronger economic conditions and outlook along with short inventories of available homes coupled with high demand. On average, October home prices rose 5.10 percent on seasonally adjusted annual basis, which was unchanged from September's reading.
3 Things You Must Do after Inheriting a Home
There can be a lot of excitement when it comes to the realization that you've inherited a home, but simply because it's an inheritance doesn't mean there aren't a few strings attached. Whether you're expecting to be gifted with a home in the future or you're currently going through this process, here are a few things you may need to watch out for.
What’s Ahead For Mortgage Rates This Week – December 26, 2016
Last week's economic news included readings on consumer spending, core inflation new home sales and regularly scheduled readings on mortgage rates and new jobless claims.
