Blog Archives

4 Reasons to Buy a Home This Spring

By Vera Gibbons of Zillow.com It’s not just temperatures and tulips that are on the rise these days. Interest in home buying is way up, too. The home buying season is about to get under way, and it’s expected to

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30-Year Mortgage Rates Surge To 3.69%; Biggest 1-Week Jump In 5 Months

Prepared by Dan Green, mortgage market expert Current Mortgage Rates Now Average 3.69% Suddenly, current mortgage rates are at a 6-week worst. According to Freddie Mac’s weekly Primary Mortgage Market Survey, 30-year conventional fixed-ratemortgage rates climbed sharply last week, reaching 3.69%, on

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More Low-Downpayment Loans For Today’s Home Buyers

Low Mortgage Rates Available The U.S. economy is improving and, as the economy expands, U.S. rents have climbed. Meanwhile, mortgage rates are down. Not since May 2013 have current mortgage rates been this cheap. As a result of falling rates, in many

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Low Down Payment Home Loans: Which is Best for You?

Changes to FHA loans and new 3-percent-down non-FHA loans could put homeownership within your reach today. Thanks to shifts in the lending landscape, the dream of buying a home is becoming a reality for many Americans. The Federal Housing Administration (FHA)

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Mortgage Rates Sink To 3.66%

By Dan Green, mortgage market expert Mortgage Rates Lowest Since May 2013 Another week, another report of sub-4% mortgage rates. Conforming 30-year mortgage interest rates dropped 7 basis points (0.07%) last week to reach to 3.66%, on average, nationwide. The average 15-year mortgage rate

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3% DOWN: A NEW MORTGAGE PROGRAM FOR 2015

3% DOWN: A NEW MORTGAGE PROGRAM FOR 2015 There’s a new low-downpayment mortgage option available to today’s home buyers; and a lower-equity refinance available to refinancing households. The program, which is available via Fannie Mae today, is not formally named. It’s

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Lenders Wary of Self-Employed Borrowers

Despite appearing in a better position to repay their home loan, self-employed borrowers receive 40 percent fewer loan quotes, primarily because of their typically lower credit scores. When it comes to getting a home loan, self-employed borrowers are less likely

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