This week, according to the Primary Mortgage Market Survey, rates increased. The upward climb marks the second consecutive week rates have gone up.
Adjustable rate mortgages (ARMs) often get blamed for the U.S. housing bubble burst in 2008. But as Quicken Loans Chief Economist Bob Walters recently pointed out, ARMs weren’t the culprit. ARMs can benefit many people looking to buy or refinance a home! In case you’re unclear why an ARM may be the best mortgage solution for you, here are a few details about ARMS.
For some of us, the end of 2013 just signals the beginning of 2014. However, the end of this year is different. FHA loan amounts are set to expire, meaning beginning in 2014, loan limits will readjust to Fannie Mae and Freddie Mac conforming limits. Read ahead to find out what this could mean for you.
Sometimes when you’re caught up in the task of finding your dream home, you’ll feel pressured to close the deal before you inspect every nook and cranny. This week, I’m going to walk you through what to look out for in the doors and windows of your potential home.
This quarter’s Turnaround Towns Report from Realtor.com® shows significant improvements in housing markets across the country, with Detroit ranking in at #1 for improvements for the third quarter in 2013.
In this week’s installment of our Buying a Home series, we’ve created a checklist of some of the main things you should be thinking about and looking for in the basement of a home. Thinking about all of these different things beforehand can help you decide on the right home for your needs.
According to the weekly Primary Mortgage Market Survey, those of you who took advantage of the low rates last week did so at the right time. This week, rates moved higher for the first time in three weeks.
Life is very unpredictable. Part of the unpredictability for many is having to move to a different state for a job or some other reason. I recently went through the entire process of finding and buying a home in a new state, and l learned a lot from it. Here are the things that I learned from this process so hopefully you can be better prepared to take on the challenge of finding a new home in a new state.
There are many questions to ask yourself before you become a landlord. But whether you have a rental property because you moved and the time wasn’t right to sell your previous home, because you bought an investment property in order to rent it out, or some other twist in your life’s journey has led you there, one important question to consider is: What will the return on my investment (ROI) be?
One of the most effective tools you have to selling your home is quite possibly the most overlooked – photography. No matter how beautiful or wonderfully priced your home is, it’s unlikely to sell as fast as you’d like if the pictures are less than stellar. Here are some quick and easy tips for photographing your home to make sure it sells.