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
A considerable number of potential buyers shy away from the real estate market because they’re uncertain about the buying process – particularly when it comes to qualifying for a mortgage.
In order to qualify in ...
![What You Need to Know About the Mortgage Process [INFOGRAPHIC] | MyKCM](https://files.mykcm.com/2019/10/02093258/20191011-MEM-1046x1723.jpg)
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
BY: Kathleen Howley
Freddie Mac is launching a new mortgage product that allows borrowers to buy a fixer-upper and finance the renovation all with one loan. Existing homeowners can use it to repair or improve their properties.
The government-sponsored enterprise announced its new CHOICERenovation loan product on Wednesday, saying it’s ...
View More
BY: Alcynna LLoyd
Favorable mortgage rates are expected to boost homebuyer affordability for the remainder of 2019, according to Freddie Mac’s April Forecast.
According to the government sponsored ...
View More
BY: Alyssa Stringer
HousingWire sat down with AIME Chairman Anthony Casa to discuss how brokers provide homebuyers with year-round low rates.
Q. We know that mortgage brokers save borrowers money by offering lower rates. But you've said that the real advantage is the increased buying power they deliver. Can ...
View More
BY: Casey Fleming
The first question you’ll be asked when you meet with a mortgage lender is “how much do you make?” That’s easy, right? Maybe not. To get a realistic idea of what you can buy, you’ll need to understand what income can be used to qualify for ...
View More