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homebuying

Pending home sales rise to cap otherwise disappointing year

January 30, 2023 by Brett Tams

U.S. pending home sales unexpectedly rose in December for the first time in seven months, wrapping up an otherwise poor year for a housing market battered by higher mortgage rates.  The National Association of Realtors index of contract signings to purchase previously owned homes increased 2.5% last month to 76.9, according to a release Friday. … [Read more…]

Posted in: Refinance, Renting Tagged: 2, All, before, borrowing, Consumers, CONTRACT SIGNINGS, data, driving, existing, Federal Reserve, Financial Wize, FinancialWize, home, home purchases, Home Sales, homebuying, homes, Housing, Housing inventory, Housing market, Housing markets, index, interest, Lawrence Yun, low, market, Michigan, More, Mortgage, Mortgage Rates, multiple listing service, NAR, National Association of Realtors, Originations, pending home sales, poor, Purchase, quality, rate, Rates, Realtors, sales, survey, the west, time, under

Long-term mortgage rate hits lowest level in 4 months – Fort Worth Business Press

January 30, 2023 by Brett Tams

Long-term mortgage rate hits lowest level in 4 months  Fort Worth Business Press

Posted in: Renting Tagged: 15-year, 15-year mortgage, 2, 2021, 2022, 2023, 30-year, ad, affordable, assets, Bank, big, borrowing, business, buyer, color, cost, Crisis, Economy, existing, expectations, fed, Federal Reserve, Financial Wize, FinancialWize, Freddie Mac, Giving, Google, guide, home, home prices, Home Sales, Homebuyers, homebuying, homes, Housing, housing crisis, Housing market, Inflation, interest, interest rates, investors, lenders, lending, Loans, Main, market, More, Mortgage, MORTGAGE RATE, Mortgage Rates, Mortgages, National Association of Realtors, new, News, points, Popular, Raise, rate, Rates, Realtors, refinancing, sales, title, Treasury, Treasurys

Fed Raises Rates Again by 0.5 Percent, Committed to Curbing Inflation

January 29, 2023 by Brett Tams

This week, the Federal Reserve raised its benchmark interest rate by another 0.5 percent – its seventh consecutive increase in 2022. This December rate hike comes as the result of continued efforts to curb inflation, an uphill battle the Fed has been facing since the start of the pandemic. Still, the 0.5 percent increase is… View Article

The post Fed Raises Rates Again by 0.5 Percent, Committed to Curbing Inflation first appeared on Total Mortgage.

Posted in: Refinance, Renting Tagged: 2, 2022, 2023, advice, Bank, banks, before, Blog, Borrow, Buy, buy a home, buyers, Buying, Consumers, Economy, expensive, Expert advice, experts, fed, Federal Reserve, Financial Wize, FinancialWize, FOMC, funds, get started, home, homebuying, homeownership, Housing, housing demand, Housing market, impact, Inflation, interest, interest rate, interest rates, job, loan, Loan officer, loan officers, Loans, Main, Make, market, Monetary policy, money, More, Mortgage, mortgage loan, Mortgage Rates, Mortgages, needs, offer, Other, pandemic, percent, rate, Rates, ready, states, target, the fed, united, will

Mortgage applications continue to improve ahead of spring homebuying season

January 29, 2023 by Brett Tams

The US mortgage market continues to see improvement in application volume as interest rates declined for the third consecutive week. Mortgage applications rose 7% on a seasonally adjusted basis – up 1% when unadjusted – for the week ending January 20, according to the Mortgage Bankers Association. Refinance applications jumped 15% from the previous week, … [Read more…]

Posted in: Refinance, Savings Account Tagged: 2, 2022, 30-year, 30-year fixed rate, Applications, Financial Wize, FinancialWize, fixed rate, good, Homebuyers, homebuying, improvement, industry, interest, interest rates, Joel Kan, loan, market, MBA, Mortgage, mortgage applications, Mortgage Bankers Association, mortgage market, Mortgage Rates, News, president, Purchase, purchase applications, rate, Rates, Refinance, refinance applications, Spring, updates, volume

Jumbo mortgages can help you purchase a more expensive home, but should you consider getting one? – CNBC

January 28, 2023 by Brett Tams

Jumbo mortgages can help you purchase a more expensive home, but should you consider getting one?  CNBC

Posted in: Savings Account Tagged: 2, 2022, 2023, 30-year, All, AllY, annual percentage rate, apr, ask, Bank, before, Borrow, borrowing, Budget, Buy, buy a home, cash back, city, closing, closing costs, color, cons, conventional loan, Conventional Loans, cost, Cost of Living, Credit, credit score, data, Debt, debt-to-income, down payment, Down payments, Downpayment, DTI, estate, existing, expensive, Fannie Mae, Federal Housing Finance Agency, Fees, FHA, FHA loan, FHA loans, FHFA, Finance, Financial Wize, FinancialWize, Freddie Mac, Google, hawaii, home, home loan, homebuying, homes, house, Housing, housing finance, Income, inspections, Insurance, interest, Jumbo loans, lenders, Live, loan, loan officers, Loans, LOWER, Make, market, money, More, more money, Mortgage, mortgage loan, mortgage loans, Mortgages, Moving, needs, Nevada, new, new york, new york city, News, offer, offers, Other, party, payments, PMI, pre-approval, private mortgage insurance, property, pros, Purchase, rate, Rates, Real Estate, Reviews, safe, san francisco, save, sofi, Spending, states, time, USDA, usda loans, VA, VA loan, VA loans, value, will

Affordability improves, as do hopes for a good spring  

January 27, 2023 by Brett Tams

Affordability has improved in the mortgage market since December due to declines in mortgage rates and slower home price appreciation.

Posted in: Mortgage, Mortgage Rates, Real Estate, Refinance Tagged: 2, 2022, 30-year, 30-year fixed rate, affordability, affordability concerns, affordable housing, Applications, builders, buyers, data, Doug Duncan, Economics, Economy, experts, Fannie Mae, Financial Wize, FinancialWize, First-time Homebuyers, Freddie Mac, good, growth, home, home builders, Home Price, home price appreciaiton, home prices, homebuyer, homebuyer affordability, Homebuyers, homebuying, Housing, Housing market, improvement, index, industry, industry experts, Inflation, interest, interest rates, interview, job, LOWER, market, MBA, More, Mortgage, Mortgage Bankers Association, mortgage market, Mortgage News, mortgage payments, Mortgage Rates, Mortgages, nerdwallet, new, new home, News, payments, points, president, Purchase, purchase applications, Rates, Real Estate, Recession, Research, sales, Sam Khater, Spring, time, trend, will

Guaranteed Rate offering up to $8K in assistance to underserved buyers

January 26, 2023 by Brett Tams

Guaranteed Rate offers a minimum of $5,000 in down payment and closing cost assistance and 1% of the sales price for a total of up to $8,000.

Posted in: Mortgage, Paying Off Debts, Real Estate Tagged: 2021, 2022, affordable housing, agents, All, Applications, Benefits, build, buyers, closing, closing cost, company, cost, country, Credit, deposit, down payment, Down payments, equity, Featured, Financial Wize, FinancialWize, first time homebuyer, First-time Homebuyers, foundation, Guaranteed Rate, home, home equity, homebuyer, Homebuyers, homebuying, house, Insurance, investment, list, loan, Loans, low, maintenance, Marketing, More, Mortgage, mortgage payment, Move, neighborhoods, new, offer, offers, Other, payments, president, Purchase, rate, Real Estate, Rent, sales, Secondary, special purpose credit program, states, time, title, Title Insurance, Underwriting, USDA, VA, volume, washington, will, windows

As mortgage rates decline, the mantra is ‘no buyers left behind’ 

January 26, 2023 by Brett Tams

Mortgage rates are continuing to decline, which is bringing borrowers on the sidelines back to the market.

Posted in: Mortgage, Mortgage Rates, Refinance Tagged: 2022, 2023, 30-year, 30-year mortgage, active, affordability, agents, Applications, buyer, buyers, Cardinal Financial, Chad Earnest, company, Credit, data, estate, Fall, Financial Wize, FinancialWize, fixed rate, good, home, home loans, home prices, Homebuilders, Homebuyers, homebuying, interest, interest rate, investments, Joel Kan, Jumbo loans, Lead Generation, loan, Loans, LOWER, market, Marketing, MBA, More, Mortgage, mortgage applications, Mortgage Bankers Associaiton, Mortgage Bankers Association, Mortgage News, MORTGAGE RATE, Mortgage Rates, Mortgages, News, opportunity, Origination, points, president, products, Purchase, purchase applications, Purchase loans, rate, Rates, Real Estate, Real Estate Agents, Refinance, refinancing, Spring, texas, traditional, under

“Now is not the time to raise fees on homebuyers” – NAR on FHFA’s pricing changes

January 26, 2023 by Brett Tams

Starting May 1, FHFA will incorporate new credit fees into Fannie Mae and Freddie Mac’s price grids. The new fee matrices consist of three base grids by loan purpose for purchase, rate-term refinance, and cash-out refinance loans, recalibrated to new credit score and loan-to-value ratio categories, along with associated loan attributes for each. However, the … [Read more…]

Posted in: Refinance, Savings Account Tagged: affordability, All, Bob Broeksmit, Cash-Out Refinance, cost, Credit, credit score, credit scores, Debt, debt-to-income, down payment, Down payments, environment, Fall, Fannie Mae, Fannie Mae and Freddie Mac, Fees, FHFA, Financial Wize, FinancialWize, Freddie Mac, General, good, good credit, GSEs, Homebuyers, homebuying, impact, Income, interest, interest rate, LLPAs, loan, Loans, low, Make, markets, MBA, Mortgage, Mortgage Bankers Association, mortgage payment, Mortgage Rates, Move, NAR, National Association of Realtors, needs, new, News, payments, president, products, Purchase, Raise, rate, Rates, Realtors, Refinance, Review, savings, wealth, will

7 Tips Every Denver First Time Homebuyer Should Read

January 26, 2023 by Brett Tams

The Denver real estate market is a tough place for buyers—especially first time home buyers. Click to read our top tips on how to score your first home.

The post 7 Tips Every Denver First Time Homebuyer Should Read appeared first on Homie Blog.

Posted in: Roommate Tips Tagged: 2, agent, agents, All, app, basic, Bedrooms, before, Benefits, big, Blog, browsing, Budget, Buy, buyer, buyers, Buying, car, closing, closing costs, Colorado, Competition, cost, Credit, credit card, Credit Reports, credit score, Debt, dream, dream home, estate, existing, expectations, expenses, expensive, experience, Fees, Financial Wize, FinancialWize, financing, Financing Furniture, find your dream home, first home, first time home buyers, first time homebuyer, First-time Homebuyers, friendly, furniture, get started, Grow, hoa, home, home buyer, home buyers, home buying, home buying process, homebuyer, Homebuyers, homebuying, homes, Homie, Homie Loans, house, How To, Income, Insurance, journey, Learn, lenders, Life, list, loan, Loans, Local, Make, market, money, monthly expenses, More, Move, Moving, needs, new, offer, offers, Planning, pre-approval, property, property taxes, questions, ready, Real Estate, Reviews, save, savings, second, shopping, taxes, tips, tips and tricks, Top Tips, utilities, wants, will, work
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