Category Archives: Mortage/ Finance News

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10 States With Best Economic Prospects

Posted on December 28, 2016 by Debbie Prosser

Daily Real Estate News | Wednesday, December 28, 2016 North Dakota tops a list of states poised to have the healthiest economies in 2017, followed by Oklahoma and Texas. The list was compiled by business solutions site ExpertMarket.com, which culled … Continue reading →

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HARP Extended to 2017 as Bridge to New Refi Program

Posted on August 29, 2016 by Erin Johnston

Daily Real Estate News | Monday, August 29, 2016 The Federal Housing Finance Agency is extending the Home Affordable Refinance Program (HARP) until Sept. 30, 2017. The FHFA estimates that more than 300,000 home owners could still benefit by refinancing … Continue reading →

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Good for Buyers: Mortgage Rates Barely Budge

Posted on August 26, 2016 by Erin Johnston

Daily Real Estate News | Friday, August 26, 2016 Mortgage rates continue to hover around all-time lows with the 30-year fixed-rate mortgage averaging 3.43 percent this week. “This marks the ninth consecutive week that mortgage rates have been below 3.5 … Continue reading →

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Mortgage Rates Move Even Lower This Week

Posted on August 22, 2016 by Erin Johnston

  Daily Real Estate News | Friday, August 19, 2016 Fixed-rate mortgages dropped slightly this week compared to the previous week, and continue to hover near all-time lows. “The 30-year fixed-rate mortgage fell 2 basis points to 3.43 percent this … Continue reading →

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Fannie Mae Tweaks 3% Loan Program

Posted on July 29, 2016 by Erin Johnston

Daily Real Estate News | Thursday, July 28, 2016 Fannie Mae announced that it has changed income maximums and some eligibility criteria for its HomeReady mortgage program that it believes will allow more borrowers to qualify for a mortgage with … Continue reading →

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The Pros and Cons of Low Mortgage Rates

Posted on July 13, 2016 by Erin Johnston

Daily Real Estate News | Tuesday, July 12, 2016 Many economists saw their predictions of higher interest rates and stronger economic growth shattered this year, mainly due to global economic uncertainty which was then heightened by June’s Brexit vote in … Continue reading →

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5 Tips to Help Buyers Save for a Down Payment

Posted on July 1, 2016 by Erin Johnston

Daily Real Estate News | Thursday, June 30, 2016 Saving for a down payment can pose one of the biggest challenges for potential home buyers. Indeed, “a down payment is often the largest single payment a consumer makes in their … Continue reading →

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Yun: ‘Flashing Yellow Lights on Affordability’

Posted on June 27, 2016 by Erin Johnston

Daily Real Estate News | Monday, June 27, 2016 The median price of an existing home reached a new record last month at $239,700. That price increase was primarily driven by repeat buyers trading up or downsizing from their current … Continue reading →

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Average Time to Close: 45 Days

Posted on June 17, 2016 by Erin Johnston

Daily Real Estate News | Thursday, June 16, 2016 For home buyers financing a home purchase, they should expect about 45 days to close, according to the latest Origination Insight Report from Ellie Mae. Last month the average closing time … Continue reading →

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