The Dow Jones Industrial Average dropped 70 points Friday on what turned out to be a bad day all around for stocks. The S&P 500 fell nearly 3% for the week, while the NASDAQ decreased more than 2%.
Pending Home Sales jumped a very strong 6.1%. All regions showed solid gains in this area, but were led by the Northeast, which has proven to be the strongest region for existing home sales.
The S&P 500 and the Dow Jones Industrial Average both closed at record highs Friday. Read on to find out more.
Renting a house used to be a popular choice over buying because it was cheap. That doesn’t seem to be the case anymore. In fact, one out of three Americans now live in a housing market where rent for a three-bedroom home is more than 30% of their monthly median income, according to RealityTrac.
We created our latest guide, Understanding and Managing Credit 101, as part of our Zing Education Series. We want to provide you with the information and tools you’ll need to keep great credit and qualify for the best possible mortgage rates. Here at Quicken Loans, we call that a win-win.
If you have a 30-year fixed mortgage with a rate of 4.5% or higher, there’s great news. Right now, a 15-year fixed is about 1% below the 30-year fixed rate. That means you could save thousands of dollars of interest over the life of your loan by refinancing to a 15-year fixed. If you’re interested in seeing if you could save money, enjoy a low interest rate, or pay off your loan faster, you owe yourself a chance to get a Quicken Loans Mortgage Review today!
Buying a new home is an exciting time. However, moving can be difficult and stressful. To help you with your move, our friends at MovingHelp.com have compiled a list of seven tips that will help make the process as easy and stress free as possible. From asking for help to avoiding procrastination, this list should put you on the right track!
If you’re wondering what that phrase after your name on a deed or title is, then this is the right blog for you! When title companies determine how you will hold title they will look at your “vesting” deed, which is your most recent deed. Determining how to hold title depends on an individual’s current situation, and how that person wants to pass ownership in the event of death, divorce or sale of their real estate.
The recent volatility in the stock market is probably confusing and a little scary to us casual investors; let’s take a look at this recent downturn in the Dow, what’s causing it and what you could/should do about it.
An FHA mortgage is insured by the Federal Housing Administration and has less strict qualification guidelines for the homeowner. This and much more are discussed in our First-Time Home Buyer