Home prices confound me
It's the confusing time of the month, when corporations, lobbyists and federal regulators trumpet their stats on home sales and home prices.
Rent payments can help you get mortgage
Renters who want to become homeowners may improve their chances of getting a mortgage when their rent payments are reported to the credit bureaus, shows a recent study.
SunTrust will pay millions to consumers
SunTrust has reached a huge settlement with regulators. What's in it for you?
Rates ignore jobs report, thanks to Europe
The jobs report could have pushed rates higher today but it hasn't yet thanks to the European Central Bank.
Posted in Mortgages
Tagged European central bank, jobs report, mortgage rates, Mortgages, news, yields
Comments Off on Rates ignore jobs report, thanks to Europe
Buy or rent? Both are too expensive
Rates may be low but majority of Americans say housing remains unaffordable.
Remember to budget for PMI
The majority of homebuyers end up with higher-than-expected monthly mortgage payments because of private mortgage insurance premiums.
Posted in Mortgages
Tagged buy a home, FHA, mortgage, mortgage insurance, Mortgages, pmi
Comments Off on Remember to budget for PMI
Pending home sales edge higher
For the second straight month, pending home sales improved.
Reverse mortgage: Who’s insured?
FHA insurance protects the lender, not the borrower. The FHA insures the lender's safety, not the borrower's (or the borrower's heirs).
Posted in Mortgages
Tagged Mortgages, news, Retirement, reverse mortgage
Comments Off on Reverse mortgage: Who’s insured?
Existing homes sales eke out gain
It's slow going in the housing market, but sales are trending upward.
More homebuyers say cash is king
A higher percentage of all-cash homebuyers can be a sign of a weak housing market.