Category Archives: Mortage/ Finance News

Questions? Answers about Real Estate Finances.

5 Surprising (and Useful!) Ways to Save for a Down Payment

Posted on June 5, 2017 by Debbie Prosser

One of the biggest misconceptions of homebuying? The 20% down payment. Here’s how to buy with a lot less down. Buying your first home conjures up all kinds of warm and fuzzy emotions: pride, joy, contentment. But before you get … Continue reading →

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Homeowners Cash in on Equity in Droves

Posted on June 1, 2017 by Debbie Prosser

Daily Real Estate News | Thursday, June 01, 2017 Homeowners may be reluctant to sell, but they still want to see a piece of that equity in their homes now. They’re cashing out in levels that have not been seen … Continue reading →

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Credit Scores Hit Record High

Posted on May 31, 2017 by Debbie Prosser

Daily Real Estate News | Wednesday, May 31, 2017 Credit scores among U.S. consumers surged to a record high this spring. Further, the share of borrowers considered among the riskiest borrowers hit a record low. The higher credit scores could … Continue reading →

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Lower Rates Buoy Refis, Not New Mortgages

Posted on May 25, 2017 by Debbie Prosser

Daily Real Estate News | Wednesday, May 24, 2017 Lower mortgage rates are prompting homeowners to refinance, but applications for home purchases aren’t rising. The Mortgage Bankers Association reported on Wednesday that total mortgage applications—including for refinances and home purchases—rose … Continue reading →

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Owners, Appraisers Aren’t Seeing Eye-to-Eye

Posted on May 11, 2017 by Debbie Prosser

Daily Real Estate News | Thursday, May 11, 2017 Appraisals in April were, on average, 1.9 percent lower than what homeowners expected. That means on an average home price of $236,400, homeowners misjudged their price by about $4,500. The gap … Continue reading →

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If Buyers Want to Save Money: Tell Them to Shop

Posted on April 28, 2017 by Debbie Prosser

Daily Real Estate News | Friday, April 28, 2017 Home buyers who don’t gather more than one quote when shopping for a mortgage may be losing out on some savings to their monthly payments. Lenders can offer a wide dispersion … Continue reading →

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Lower Mortgage Rates Boost Loan Demand

Posted on April 26, 2017 by Debbie Prosser

Daily Real Estate News | Wednesday, April 26, 2017 Total mortgage activity—which includes applications for refinancings and home purchases—rose 2.7 percent on a seasonally adjusted basis as homeowners rushed to take advantage of lower mortgage rates. The refinance market was … Continue reading →

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Closing Timelines Get Even Shorter

Posted on April 24, 2017 by Debbie Prosser

Daily Real Estate News | Monday, April 24, 2017 The average time to close on all home loan types dropped to 43 days in March—the quickest pace since February 2015, according to Ellie Mae’s Origination Insight Report. A year ago, … Continue reading →

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Mortgage Rates Set a New 2017 Low This Week

Posted on April 14, 2017 by Debbie Prosser

Daily Real Estate News | Friday, April 14, 2017 The 30-year fixed-rate mortgage continues to drop this week, setting a new low for 2017, Freddie Mac reports in its weekly mortgage market survey. This marks the fourth consecutive week that … Continue reading →

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