Category: Mortgage Information Center

NAHB: Home Builders Remain Confident

NAHB: Home Builders Remain Confident

September 18, 2019 |

The National Association of Home Builders Housing Market Index shows steady builder confidence in housing market conditions. September’s index reading of 68 was one point higher than August’s reading. Any reading over 50 indicates that most home builders surveyed view housing market conditions as favorable. August’s original index reading was adjusted upward by one point.

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New Home Prices Going Down Making Them More Affordable

New Home Prices Going Down Making Them More Affordable

September 17, 2019 |

Residential real estate developers in America are responding to a national slowdown in new home construction by building smaller homes that are more modestly priced. The demand for smaller, less expensive homes is growing, while the overall demand for new custom homes is declining. Prices decreased slightly, by about one-half percent, from the price levels in 2018 for newly-constructed homes.

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What’s Ahead For Mortgage Rates This Week – September 16th, 2019

What’s Ahead For Mortgage Rates This Week – September 16th, 2019

September 16, 2019 |

Last week’s economic news included readings on inflation, core inflation and consumer sentiment. Weekly reports on mortgage rates and first-time jobless claims were also released.

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How To Maximize The Resale Value Of Your Home

How To Maximize The Resale Value Of Your Home

August 22, 2019 |

There are a few things to consider, when selling a home, that will help you maximize your potential for a better sales price. Seasoned real estate professionals are one of your best resources for these tips.

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Fed Lowers Key Interest Rate For First Time Since Great Recession

Fed Lowers Key Interest Rate For First Time Since Great Recession

August 6, 2019 |

The Federal Open Market Committee of the Federal Reserve announced the first rate cut to its key interest rate range since the Great Recession ushered in a series of rate cuts described as “quantitative easing.” The Fed committee confirmed a quarter-point cut to 2.00 to 2.25 percent.

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The Community Reinvestment Act Explained In Simple Terms

The Community Reinvestment Act Explained In Simple Terms

July 30, 2019 |

The federal government adopted the Housing and Community Development Act in 1977, and the Community Reinvestment Act (CRA) portion was designed to prompt lending institutions to provide mortgages for low- and moderate-income Americans. The underlying reasoning for the CRA was to discourage discriminatory lending practices that inhibited low-income communities and neighborhoods.

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WTH is a Credit Score?

WTH is a Credit Score?

July 25, 2019 |

Do you really know what a credit score is? And how to “get” one? Your questions answered!

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What Is A 1031 Tax Exchange?

What Is A 1031 Tax Exchange?

July 23, 2019 |

A 1031 tax exchange is a legal way to defer paying capital gains when selling a property and then buying a “like-kind” property within the allowed period. The time limits allowed are 45 calendar days after the close of the sale of the first property to identify the like-kind property for acquisition and then close the purchase transaction to complete the 1031 exchange within 180 calendar days.

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4 Times When Laminate Flooring Is Better Than Hardwood

4 Times When Laminate Flooring Is Better Than Hardwood

July 12, 2019 |

Hardwood flooring is considered a premium flooring material. It’s natural, long-lasting, durable and comes in a wide assortment of colors, wood, stains and plank widths. But hardwood flooring isn’t always the best choice. If you’re looking at homes to buy and eliminating the ones with laminate flooring, you could be overlooking some important considerations.

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Rent-To-Own Opportunities For Those With Bad Credit

Rent-To-Own Opportunities For Those With Bad Credit

July 9, 2019 |

For those who have less than a stellar credit history; yet, who still want to have their own home, a rent-to-own option is worth considering. A rent-to-own (RTO) agreement is a hybrid between buying a home and renting a home.

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