Getting a loan

April 16, 2018

Getting Pre-Approved Should Always Be Your First Step

Getting Pre-Approved Should Always Be Your First Step | Keeping Current Matters

In many markets across the country, the number of buyers searching for their dream homes greatly outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show you are serious about buying your dream home is ...

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June 11, 2017

Mortgage Rates Impact on 2017 Home Values

Mortgage Rates Impact on 2017 Home Values | Keeping Current Matters

There is no doubt that historically low mortgage interest rates were a major impetus to housing recovery over the last several years. However, many industry experts are showing concern about the possible effect that the rising rates will have moving forward.

The Mortgage Bankers Association, Fannie Mae, Freddie Mac and ...

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Posted in Getting a loan
June 11, 2017

Mortgage Interest Rates Went Up Again… Should I Wait to Buy?

Mortgage Interest Rates Went Up Again… Should I Wait to Buy? | Keeping Current Matters

Mortgage interest rates, as reported by Freddie Mac, have increased over the last several weeksFreddie Mac, along with Fannie Mae, the Mortgage Bankers Association and the National Association of Realtors, is calling for mortgage rates to continue to rise over the next four quarters.

This has caused some ...

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Posted in Getting a loan
June 11, 2017

69% of Buyers are Wrong About Down Payment Needs

69% of Buyers are Wrong About Down Payment Needs

69% of Buyers are Wrong About Down Payment Needs | Keeping Current Matters According to a recent survey conducted by Genworth Financial Inc. at the Annual Mortgage Bankers’ Association Secondary Market Conference, 69% of potential first-time buyers still believe a 20% down payment is necessary to buy in today’s market. Nearly 40% of ...
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Posted in Getting a loan
June 11, 2017

Mortgage Interest Rates Reverse Course in 2017?

Mortgage Interest Rates Reverse Course in 2017

Mortgage Interest Rates Reverse Course in 2017 | Keeping Current Matters To start the year, housing experts all agreed on one thing: 2017 was going to be the year we would see mortgage interest rates begin to rise. After years of historically low rates, and an improving economy, the question wasn’t if they would ...
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Posted in Getting a loan
Dec. 22, 2016

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


 

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

The Fed Raised Rates: What Does that Mean for Housing? | Keeping Current Matters 

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 ...

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Posted in Getting a loan
Dec. 19, 2016

The Impact Your Interest Rate Has on Your Buying Power

The Impact Your Interest Rate Has on Your Buying Power 

The Impact Your Interest Rate Has on Your Buying Power [INFOGRAPHIC] | Keeping Current Matters

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 ...
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Posted in Getting a loan
Feb. 10, 2016

Debt to Income

4 Strategies to Improve Your Debt-To-Income Ratio and Qualify for a Mortgage

You obviously need a steady job and sufficient income to support a monthly mortgage payment, but the mortgage lender will also evaluate your debt before approving your application. And unfortunately, too much consumer debt can bring your loan ...

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Posted in Getting a loan