Mortgage Information Center

What’s Ahead For Mortgage Rates This Week – May 9, 2016
May 9, 2016 |

What’s Ahead For Mortgage Rates This Week – May 9, 2016

Mortgage rates fell across the board last week according to Freddie Mac’s Primary Mortgage Market Survey. Other economic news included reports on construction spending, public and private sector employment and national unemployment.

Read More

A Quick and Easy Guide to Hiring the Best Contractor for Your Pre-Sale Home Renovations
May 6, 2016 |

A Quick and Easy Guide to Hiring the Best Contractor for Your Pre-Sale Home Renovations

If you’re planning to complete some renovations on your home before putting it on the market, you may be unsure of the best way to go about finding the right contractor for the job. Here’s how you can get to the bottom of who will work the best for you.

Read More

What’s Ahead For Mortgage Rates This Week – May 2, 2016
May 2, 2016 |

What’s Ahead For Mortgage Rates This Week – May 2, 2016

Last week’s economic news included Case-Shiller Home Price Indices, along with new and pending home sales readings. The Federal Open Market Committee of the Federal Reserve met analyst’s expectations and did not raise the target federal funds rate, which remains at 0.25 to 0.50 percent. Freddie Mac’s mortgage rates survey and the Labor Department’s weekly jobless claims report were also released.

Read More

Home and Garden

A Quick and Easy Guide to Hiring the Best Contractor for Your Pre-Sale Home Renovations
May 6, 2016 |

A Quick and Easy Guide to Hiring the Best Contractor for Your Pre-Sale Home Renovations

If you’re planning to complete some renovations on your home before putting it on the market, you may be unsure of the best way to go about finding the right contractor for the job. Here’s how you can get to the bottom of who will work the best for you.

Read More

3 Budget-Friendly DIY Weekend Renovations to Step into Spring
April 1, 2016 |

3 Budget-Friendly DIY Weekend Renovations to Step into Spring

The springtime is often the best time of the year for cleaning up and getting rid of old items, but with its proximity to the winter months it can still be hard to commit to large-scale renovations. If you’re looking for some small fixes to give your home a seasonal boost, here are a few options that won’t take up a lot of time.

Read More

Rookie Mistakes: Don’t Make These 4 First-Time Homebuyer Mistakes
March 31, 2016 |

Rookie Mistakes: Don’t Make These 4 First-Time Homebuyer Mistakes

Buying your first home is exciting. Many young people view homeownership as the definitive mark of adulthood, the final milestone on a decades-long journey. And while becoming a homeowner is cause for celebration, you’ll want to ensure you keep your enthusiasm in check just a little while longer.

Keep a level head and you’ll easily avoid these common mistakes first-time buyers make.

Read More

Home Buyer Tips

Rookie Mistakes: Don’t Make These 4 First-Time Homebuyer Mistakes
March 31, 2016 |

Rookie Mistakes: Don’t Make These 4 First-Time Homebuyer Mistakes

Buying your first home is exciting. Many young people view homeownership as the definitive mark of adulthood, the final milestone on a decades-long journey. And while becoming a homeowner is cause for celebration, you’ll want to ensure you keep your enthusiasm in check just a little while longer.

Keep a level head and you’ll easily avoid these common mistakes first-time buyers make.

Read More

Dealing with an Empty Nest? 5 Great Reasons to Downsize into a New Condo
January 8, 2016 |

Dealing with an Empty Nest? 5 Great Reasons to Downsize into a New Condo

There’s a good chance if your children have recently moved out that your home is feeling a lot larger than it used to, and perhaps you’re re-considering the extra space. If downsizing to a condo is on your mind and you’re weighing the benefits of this kind of move, here are some that might make […]

Read More

5, 10, 20 Percent or More? How to Determine How Big of a Down Payment You Need
January 7, 2016 |

5, 10, 20 Percent or More? How to Determine How Big of a Down Payment You Need

Whether or not you’re new to real estate, there’s little doubt that you’ve heard the term down payment as it relates to purchasing a home. There’s a lot of different information out there in regards to how much this figure should be and it can be hard to determine exactly what the importance of this […]

Read More

Other Recent Posts

Market News for May 23, 2016

Market News for May 23, 2016

May 23, 2016 |

Freddie Mac reported last week that despite low mortgage rates, rapidly rising house prices and tight inventory make affordability and availability major challenges for would-be homebuyers. In the latest Freddie Mac House Price Index it revealed that first quarter 2016 house price appreciation grew by 1.4%. Over the past 12 months, prices have increased 5.8% […]

Read More

Market News for May 19, 2016

Market News for May 19, 2016

May 19, 2016 |

First-time unemployment benefits declined in the latest week after the big gains seen in the previous week. The Labor Department reported that Weekly Initial Jobless Claims fell 16,000 to 278,000, in line with expectations. Claims have remained below the 300,000 threshold for 63 consecutive weeks, which is associated with a healthy job market. The four-week […]

Read More

Market News for May 18, 2016

Market News for May 18, 2016

May 18, 2016 |

Government-sponsored-entity Fannie Mae reported this week that it sees lower economic growth forecasts for 2016 falling to an annual growth rate of 1.7%, down from 1.9% growth in the prior forecast and 2.2% at the start of the year. Fannie did say that the economic landscape is improving, but “it will not be sufficient enough […]

Read More

Market News for May 17, 2016

Market News for May 17, 2016

May 17, 2016 |

April Housing Starts jumped 6.6% from March to an annual rate of 1.17 million units versus the 1.128 million units expected. However, the April Housing Starts rate was 1.7% below the April 2015 number of 1.192 million. Building Permits, a sign of future construction, rose 3.6% to an annual rate of 1.11 million, below the […]

Read More

Market News for May 16, 2016

Market News for May 16, 2016

May 16, 2016 |

Home builder confidence in May remained steady, though there have been an increasing number of hurdles to jump. The National Association of Home Builders reports that its single-family Housing Market Index remained at 58 for four straight consecutive months. Any number over 50 indicates that more builders view condition as good rather than poor. Builders […]

Read More