Financial
Mortgage Activity Jumps as Rates Hit Another Low
Mortgage activity is surging once again, with overall applications up 6.8% from last week. According to the latest data from the Mortgage Bankers Association, purchases were up 2% over the week, while refinances jumped 9% — marking their 12th-straight weekly…
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9 Tips for Single Parents Who Want to Buy a Home
As a single mom or dad, it’s easy to think homeownership is out of reach. To buy a house, you’d need to scrimp and save for that down payment (plus closing costs) — but most of the time, you’re just…
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Mortgage Rates Drop, Applications Fall in Step
Mortgage rates dropped again this week, but so did overall application activity. According to the latest data from the Mortgage Bankers Association, despite an average interest rate of just 3.14%, loan applications dropped 5.1% over the last week. Refinance activity…
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Mortgage Apps Fall Thanks to Rising FHA Loan Rates
Mortgage activity slipped slightly this week, dropping 0.8% from last week. Refinancing applications decreased by 0.4%, while purchase loan applications fell 2%. Both rates remained higher than last year (up 121% and 21%, respectively). According to Mike Fratantoni, senior vice…
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Mortgage Activity Jumps Despite Slight Jump in Rates
Mortgage applications jumped this week, increasing 4% across the board. Refinancing activity was up 5%, while purchase loan applications rose 2%. Both saw notable increases over this time last year (jumping 19% and 122%, respectively). The increase comes despite a…
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Homes Are Selling Like Hotcakes; Here’s How to Not Lose Out on That Dream Home
Houses are selling at their fastest pace in two years, according to Zillow, with the average home going under contract in just 19 days. The speed is thanks largely to a shortage of housing inventory across the country — one…
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What Are the Benefits of VA Loans?
It doesn’t get better than a Veterans Administration (VA) mortgage — if you can qualify for one. Reserved for military members, veterans, and their spouses, these mortgages come with serious benefits. Are you or your spouse a military member or…
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Mortgage Rates Reach New Low, Applications Rise
Overall mortgage activity jumped last week, with total applications rising 5% over the previous week. Refinance applications were up 12% (107% for the year), while purchase loan activity actually fell 6%. Despite the drop, according to Joel Kan, associate vice…
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How to Negotiate Inspection Repairs Like a Pro
When you’re in the process of buying a house, negotiating after you’ve completed your inspections is a big deal. After all, it’s only natural that you would want your new home to be in the best shape possible once you…
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Rates Hit New Low, While Mortgage Activity Stalls Out
Mortgage activity dropped again, this time falling 1.8% over the week. Refinance applications were down 2%, while applications to purchase a home fell 1%. On both counts, activity is still much higher than one year ago. According to Joel Kan,…
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