Should I Get a Fixed-Rate or an Adjustable Rate Mortgage?
Most people rely on financing from a mortgage lender. And with a mortgage loan comes the next biggest question – a fixed-rate or an adjustable rate?
It’s a good sign for the economy, but quite the challenge for buyers negotiating an offer on a house.
Despite an increase in mortgage rates, mortgage applications increased 10 percent in the week ending January 4 according to a weekly survey by the MBA.
the latest release from the Commerce Department reported that sales of new homes climbed 4.4 percent in November to a seasonally adjusted number of 377,000-unit annual rate.
The number of individuals filing jobless claims last week fell to a 4 ½ year low, according to the Labor Department.
The S&P Case/Shiller Index shows that home prices increased by 0.7% in October, a gain that was larger than analyst expectations.
This very thing has happened to The West Wing star Allison Janney and a house she bought with long-time friend, and fellow actor, Gregg Rapp.
According to the report, home prices increased by 0.9 percent in August compared to July 2012.
In a day when the economy is rather unstable, a fixed rate 30 year mortgage is probably your best deal.
The insurance your mortgage lender has the right to obtain is referred to as “forced place” insurance and often the cost of this insurance is significantly more than what it...
The increase in housing affordability means that more homes are selling on the market as new homeowners are drawn to the market