Mortgage Loan Credit Risk Up in Q2
Lender risk on home mortgage loans rose slightly in the second quarter of 2017 and the average credit score for new buyers rose to 745.
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Pending Home Sales Fall Sharply in August
Pending home sales dropped 2.6% in August according to the latest data from the National Association of Realtors. Hurricanes in Texas and Florida weighed on August sales and could continue to weigh on September…
Mortgage Loan Rates Ease Higher as Applications Dip Slightly
Mortgage applications dipped slightly last week and mortgage loan rates rose slightly. The Fed decision to leave the funds rate unchanged has put the mortgage market in a holding pattern.
New Home Sales Fell in August as For-Sale Inventory Climbed
According to data released this morning by the U.S. Census Bureau, home sales in August were down, but the median price fell and the number of houses for sale rose, both good news for…
July Home Price Increase Larger Than Expected: Case-Shiller
The Case-Shiller home price index for July rose more than expected on a national basis. The city with the biggest year-over-year increase is Seattle, up 13.5% compared to July 2016.
What to Do to Minimize the Impact of the Equifax Breach on Your Ability to Get a Mortgage
The massive data breach at credit reporting agency Equifax could have a major impact on your ability to get a mortgage. Here are some steps to take to battle the potential damage.
US Homeowner Equity Rises 10.6% Year Over Year in Q2
Homeowner equity rose by nearly 11% year over year in the second quarter of 2017. That amounts to about $766 billion on total U.S. homeowner equity of $8 trillion.
August Existing Home Sales, Inventory Dip Again
Sales of existing homes fell by nearly 2% in August, largely due to a shortage of inventory, especially for first-time buyers.
Mortgage Loan Rates Mostly Higher as Applications Decline 10%
The Mortgage Bankers Association reported Wednesday morning the applications for new mortgages fell by 9.7% last week while mortgages interest rates rose on most types of home loans.
August Housing Starts Continue Growing
The Census Bureau reported August housing starts Tuesday morning. Single-family homes continue to show strong growth which is good news for buyers.
5 Things Your Real Estate Agent Wants You to Know About Buying a House
Knowing just these five things about buying a house can help you and your real estate agent make the process a more rewarding experience and, ultimately, get you into the home you want.
5 Companies That Stand to Win Big This Hurricane Season
It’s currently estimated that the flood damage and destruction to the overall infrastructure of Houston and the surrounding areas from Hurricane Harvey can be measured in the billions. But who stands to gain the…
How Harvey and Irma Have Ruined Texas and Florida Real Estate
Most of the damage of hurricanes Harvey and Irma was in Texas and Florida. Real estate values in these areas will be pummeled and may not recover for years.
Reba McEntire’s Former Home on Market for $2.95 Million
Country singer Reba McEntire’s mansion at 175 Cherokee Dock Road, Lebanon, Tennessee, was sold in 2016 by her and her former husband, Narvel Blackstock. The new owner has put the house on the market…
Mortgage Loan Rates Remain Low as Hurricanes Hamper Applications
Applications for new mortgage loans rose nearly 10% last week as interest rates dipped on 30-year fixed-rate conventional loans and rose slightly on 30-year fixed-rate jumbo loans.