What will housing credit look like in next recession?
We need to understand the credit channels in the U.S. today and why theyâre so different than the period of 2002-2008.
We need to understand the credit channels in the U.S. today and why theyâre so different than the period of 2002-2008.
Who doesnât dream of nabbing a really good deal when shopping for a home? Maybe youâre even considering a fixer-upper, a property that would allow for some sweat equity and would, over time and with work, help you grow your wealth. If you have been studying the real estate listings, you have probably seen some […]
The post Tips of How to Buy a Foreclosed Home in 2023 appeared first on SoFi.
Mortgage rates expected to rise amid economic volatility: Realtor.com Fox Business
There are a lot of myths about buying a house: that you need at least a 20% down payment, perfect credit (or close to it), and a specific income level. But the truth is, you donât need a particular down payment amount, salary, or a credit score over 700 to become a homeowner. What you […]
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First-time homebuyers might want to look more closely at what they pay for government-sponsored enterprise versus Federal Housing Administration loans. That’s one outcome of a new pricing grid going into effect at the government-sponsored enterprises and an annual premium cut at the Federal Housing Administration, both of which are aimed at giving borrowers with lower … [Read more…]
‘Help a Hero Home’ program helping first responders to buy their first home 25 News KXXV and KRHD
The VA Native American Direct Loan (NADL) program interest rate was reduced from 6% to 2.5% to make housing loans more affordable for Native American military veterans.
Compare current VA mortgage rates â USA TODAY Blueprint USA TODAY
Disparity in mortgage rates offered by lenders doubled in 2022: Study Inman
Down payments are falling as the housing market slows and competition wanes. A new report from Redfin revealed that the median down payment in January 2023 was 10%, down from 13.6% a year earlier and well off the pandemic-era peak of 17.5% last May. They are now similar to levels seen between 2015 and early… Read More »Median Down Payment on a House Falls to 10%, Down from 14% a Year Ago
The post Median Down Payment on a House Falls to 10%, Down from 14% a Year Ago appeared first on The Truth About Mortgage.