Tag Archives for " home loan "
FHA TO REDUCE ANNUAL INSURANCE PREMIUMS Reduction to increase credit affordability and reflects improved economic health of FHA FHA TO REDUCE ANNUAL INSURANCE PREMIUMS Reduction to increase credit affordability and reflects improved economic health of FHA WASHINGTON – As the nation’s housing market continues to improve, U.S. Housing and Urban Development Secretary Julián Castro today […]Continue reading
Maintaining a good credit score offers a lot of benefits like being able to enjoy lower interest rates on your credit cards and saving money on insurance and security deposits on new utilities and cellphone service. But there’s another huge advantage to this and that it allows you to get your dream home easier than […]Continue reading
If you plan to purchase a home, even before you get started, you should get a pre-approval for your mortgage because at some point, sellers are going to ask you for this. But before that, let’s get to know first the basics of pre-approved mortgage. What is a pre-approval? A pre-approval, in the real estate […]Continue reading
The number of mortgage applications surprisingly increased even with the relatively quiet week for interest rates. According to the Mortgage Bankers Association (MBA), the total number of mortgage applications increased 4.9 percent week-to-week for the week ending November 14, which was mostly brought about by home buying applications. Though refinance applications only increased one percent […]Continue reading
According to the Mortgage Bankers Association, the percentage of consumers who are mortgage delinquent had reached its lowest since the end of 2007. A Washington, D.C.-based trade group reported last November 14 that the delinquency rate for mortgage loans has dropped to 5.85%, a seasonally adjusted rate of all loans outstanding at the end of […]Continue reading
Although policymakers have been hinting on their desire to open the mortgage credit box allowing more borrowers, the CEO of Bank of America claims that the banking institutions aren’t likely to relax on their credit standards any time soon. Bank of America CEO Brian Moynihan, who was one of the speakers during the investor conference […]Continue reading
Mortgage rates continue to fall this week with the average of a 30-year mortgage now below 4 percent, which is the lowest since June 2013. According to Freddie Mac, a 30-year fixed-rate mortgage reached 3.97 percent from 4.12 percent in the week ending October 16. A 15-year borrowing costs feel from 3.30 percent to 3.18 […]Continue reading