Financial

The Pros and Cons of Buying a New Construction Home

The Pros and Cons of Buying a New Construction Home

By Aly Yale / October 21, 2020
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Home construction has picked up steam in recent months, and experts largely expect that continue.  Fannie Mae, for example, predicts that housing starts will jump by 6.7% in 2021. The Mortgage Bankers Associations also sees strong single-family construction numbers for…

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Mortgage Interest Rates Drop

Mortgage Activity Holds Steady, While Government Lending Picks Up

By Aly Yale / October 16, 2020
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Mortgage applications technically dipped last week, but only by a mere 0.7%. Purchase loans fell 2% on their own, while refinance activity dropped just 0.3%.  Considering the rate on 30-year, fixed-rate loans dropped to a new low, according to the…

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Shopping for a Home in One of These Hot Markets? Get Ready for Competition

Shopping for a Home in One of These Hot Markets? Get Ready for Competition

By Aly Yale / October 14, 2020
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The hottest housing markets probably aren’t where you think they are.  According to the latest data from Realtor.com, America’s home buying hotspots aren’t major metros or huge, urban cities like most of us would assume. For the most part? They’re…

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Pumpkins and plants on front door step

4 Reasons Fall May Be the Best Time To Buy a House

By Aly Yale / October 5, 2020
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Fall’s certainly the season for pumpkin-carving, hayrides, and apple cider tasting, but more importantly? It’s also a great time to buy a house. Both the current market and historical trends point to good home-buying conditions for Americans this fall. From…

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Mortgage Interest Rates Drop

Mortgage Applications Drop as Rates Hit Survey Low

By Aly Yale / October 2, 2020
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Mortgage activity ticked down this week, with total applications dropping 4.8%, according to the Mortgage Bankers Association. Purchase loan activity was actually up 2% for the week, but refinances dipped 7%. They’re still 52% higher than one year ago. The…

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Front door showing on a farmers porch

What Is an Appraisal Waiver?

By Aly Yale / September 30, 2020
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If you’re refinancing your mortgage loan, you might qualify for an appraisal waiver. This allows you to skip the appraisal process, as well as the fees that come with it. Appraisal waivers are only available on conventional loans, so if…

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Mortgage Interest Rates Drop

Mortgage Applications Rise, Despite Increasing Interest Rates

By Aly Yale / September 25, 2020
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Mortgage applications jumped last week, rising nearly 7% over the previous week and 18% over the year.  Refinance loan activity rose the most, with an 18% jump, while purchase applications increased 13%. Refinances are now 86% higher than the same…

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Tips for Teaching Your Teenager About Managing Money and Personal Finance

Tips for Teaching Your Teenager About Managing Money and Personal Finance

By Aly Yale / September 21, 2020
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Your teen might learn how to solve linear equations in high school math, but personal finance? Probably not.  That’s on your shoulders, and unless you’re a certified financial planner or another kind of financial pro, it probably seems pretty intimidating. …

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Mortgage Interest Rates Drop

Mortgage Applications Drop but Activity Remains Strong

By Aly Yale / September 18, 2020
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Total mortgage applications were down this week, even as mortgage rates held steady near record lows.  Overall applications dropped 2.5%, while refinances dipped 4%, and purchase loan activity fell 12%. Meanwhile, rates on 30-year, fixed-rate loans stayed put at 3.07%. …

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Mortgage Interest Rates Drop

Purchases, Refis Jump as Rates Dip Again

By Aly Yale / September 10, 2020
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Mortgage activity jumped over Labor Day weekend, with refinances rising  3% over the week, and purchase loans up a slight 0.2%. Both are still up considerably over the year. According to Joel Kan, the uptick was due to dropping mortgage…

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