Buying a home this spring? Brace yourself for some tough decisions
As home prices and interest rates both soar, home buyers will be harder-pressed to afford their monthly mortgage payments. With the prime spring house- hunting season just around the corner, the monthly mortgage payment for a median-price home nationwide now stands at $1,486 — up $168 or nearly 13% from a year ago, according to […]
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Mortgage Interest Rates Have Begun To Level Off
Whether you are a buyer searching for your first home, or a homeowner looking to move up to your next home, you should pay attention to where mortgage interest rates are heading. Over the course of 2018, according to Freddie Mac’s Primary Mortgage Market Survey, rates have increased from 3.95% in the first week of January […]
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4 Ways to Prepare for a Competitive Spring Home-Buying Season
(TNS)—With housing inventory far lower than demand and mortgage rates poised to rise, it’s going to be a competitive market for homebuyers this spring. If you’re looking to buy a home this season, here’s how to prepare yourself to enter the fray. Get your financial house in order. Unless you plan on paying for the […]
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Mortgage applications rise 1.4%, defying higher rates
More borrowers applied for home loans last week, even as interest rates made their largest five-day jump since just after the presidential election. Total mortgage application volume increased 1.4 percent from the previous week, according to the Mortgage Bankers Association. Application volume is 26 percent below the same week one year ago, when rates were lower […]
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