BY: Alcynna LLoyd
This week, the average U.S. fixed rate for a 30-year mortgage came in at 3.68%. Although this rate is left unchanged from last week’s percentage, it’s still more than a percentage point below the 4.75% of the year-earlier week, according to the Freddie Mac ...View More
BY: Jessica Guerin
The Federal Housing Administration has finally issued a long-awaited update to its condominium rules, announcing Wednesday that it is bringing back spot approvals and taking other steps to loosen requirements that make these properties eligible for FHA financing.
Under the revised guidelines – which take effect ...View More
BY: Alcynna Lloyd
This week, the 30-year, fixed-rate mortgage averaged 3.75%, matching last week. A year ago, the rate averaged 4.60%, according to the Freddie Mac Primary Mortgage Market Survey.
“Mortgage rates have essentially stabilized over the last two months, which reflects the recovery and improvement in the ...View More
If you’re starting your home search, you may have been told that you will need to put 20% down. While there are many benefits to putting 20% or more down on a loan, for many home buyers, it’s simply not possible. Due to student loan debt, increased ...View More