What are some proven ways to reduce mortgage principal effectively and slash some years off your home loan? The thought of going through the whole process of buying a home is intimidating for many. Aside from the anxiety of finding a property that is within your budget, there’s the nagging worry of getting a mortgage. Not to mention all the tricky decision-making that comes … [Read more...] about Ways to Reduce Your Mortgage Principal
Number of Underwater Properties Decreased Per New Report
Appreciating home values are benefiting more homeowners in the US. According to the data from ATTOM Data Solutions, negative equity or underwater properties in the US decreased by 1.4 million. ATTOM Data Solutions' Home Equity & Underwater Report for the third quarter of the year revealed that the number of underwater properties in the country has decreased by over … [Read more...] about Number of Underwater Properties Decreased Per New Report
Freddie Mac Releases Mortgage Volume Summary for October
Total mortgage portfolio increased at an annualized rate of 6 percent in October according to Freddie Mac’s latest Mortgage Volume Summary Data for 2017. Other highlights of the report include the following: For October, the volume of single-family refinance loan purchase and guarantee was $13 billion. This represents 38 percent of the total single-family mortgage … [Read more...] about Freddie Mac Releases Mortgage Volume Summary for October
Here’s What the Housing Market Could Look Like in 2018
Experts say the current constraints in housing inventory could end in 2018 after we see results from positive housing improvement trends that started in August. Summary of forecast for Key Housing Indicators: a.) Home prices are to slow down by 3.2 percent b.) 30-year fixed-rate mortgage interest rate will reach the 5 percent level by the end of 2018 c.) An overall 3 … [Read more...] about Here’s What the Housing Market Could Look Like in 2018
Why Buy a Home This Winter
Home buying can be a tough trade nowadays, especially with so much competition in a market that offers limited options. Home buying can be especially tough if you’re shopping during the peak seasons. Although the “right timing” is relative for each home buyer, real estate data tells us that most purchase transactions occur during spring or summertime. But what … [Read more...] about Why Buy a Home This Winter