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The Fed Raised Rates: What Does that Mean for Housing?

[ad_1] You may have heard that the Federal Reserve raised rates last week… But what does that mean if you are looking to buy a home in the near future?Many in the housing industry have predicted that the Federal Open Market Committee (FOMC),…
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The Impact Your Interest Rate Has on Your Buying Power [INFOGRAPHIC]

[ad_1] Some Highlights:Your monthly housing cost is directly tied to the price of the home you purchase and the interest rate you secure for your mortgage.Over the last 30 years, interest rates have fluctuated greatly with rates in the double…
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Will Increasing Mortgage Rates Impact Home Prices?

[ad_1] There are some who are calling for a decrease in home prices should mortgage interest rates begin to rise rapidly. Intuitively, this makes sense as the cost of a home is determined by the price of the home, plus the cost of financing…
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Mortgage Interest Rates Just Went Up… Should I Wait to Buy?

[ad_1] Mortgage interest rates, as reported by Freddie Mac, have increased over the last several weeks. Along with Freddie Mac, Fannie Mae, the Mortgage Bankers Association and the National Association of Realtors are all calling for…
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Mortgage Interest Rates Just Went Up… Should I Wait to Buy?

[ad_1] Mortgage interest rates, as reported by Freddie Mac, have increased over the last several weeks. Along with Freddie Mac, Fannie Mae, the Mortgage Bankers Association and the National Association of Realtors are all calling for…
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Why Are Mortgage Interest Rates Increasing?

[ad_1] According to Freddie Mac’s latest Primary Mortgage Market Survey, the 30-year fixed rate mortgage interest rate jumped up to 3.94% last week. Interest rates had been hovering around 3.5% since June, and many are wondering why there…
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Buying is Now 37.7% Cheaper Than Renting in the US

[ad_1] The results of the latest Rent vs. Buy Report from Trulia show that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States.The updated numbers actually…
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How Historically Low Interest Rates Increase Your Purchasing Power

[ad_1] According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 3.47%. Rates have remained at or below 3.5% each of the last 16 weeks, marking a historic low.The…
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3 Questions to Ask Before Buying Your Dream Home

[ad_1] If you are debating purchasing a home right now, you are probably getting a lot of advice. Though your friends and family will have your best interest at heart, they may not be fully aware of your needs and what is currently happening…
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Mortgage Rates by Decade Compared to Today [INFOGRAPHIC]

[ad_1] Some Highlights:The interest rate you secure for your mortgage greatly influences your monthly housing costs.In the 1980s, 30-year fixed mortgage rates averaged in the high 12s making the monthly principal and interest payment over…
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Interest Rates Remain at Historic Lows… But for How Long?

[ad_1] The interest rate you pay on your home mortgage has a direct impact on your monthly payment; The higher the rate, the greater your payment will be. That is why it is important to look at where the experts believe rates are headed when…
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Whether You Rent or Buy, You’re Paying a Mortgage

[ad_1] There are some people that have not purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent free, you are paying a mortgage -…