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Mortgage Rate Locks Increase 19% in March

Mortgage Rate Locks Increase 19% in March

Mortgage interest rates go up and down daily, sometimes hourly. A rate lock means that the interest rate won't fluctuate from what you were offered and closing. As mortgage rates rise, borrowers are opting to lock their rates during the underwriting process rather...

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Mortgage Rate Locks Increase 19% in March

Mortgage interest rates go up and down daily, sometimes hourly. A rate lock means that the interest rate won't fluctuate from what you were offered and closing. As mortgage rates rise, borrowers are opting to lock their rates during the underwriting process rather...

read more

Lease Option to Purchase: A great way to buy a home

If you want to buy a home, but don't have enough money for the down payment or if you are having credit problems, then there is another option. It's called the lease option or lease-purchase plan to buy a home. It's also a way for those homeowners who want to sell...

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FHA borrowers hit hard by rising mortgage rates

Rising mortgage rates on FHA loans are driving up monthly payments, making it harder for many to afford. FHA loans have long been touted as one of the most effective ways for first-time homebuyers to get a mortgage. But with rising interest rates — and a lingering...

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FHA 40 Year Loan Modification Program

The Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) are seeking to initiate a new 40-year loan modification program to help mortgage borrowers and lenders streamline the loss mitigation process. The proposed rule,...

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Mortgage Rates Rise for Week Ending April 1, 2022

U.S. mortgage rates jumped again this week, according to Freddie Mac's Primary Mortgage Market Survey of April 1st. The 30-year fixed-rate mortgage rose to 3.29% from 3.21% last week and 4.07% a year ago; the 15-year fixed rate moved up to 2.61% from 2.57% and 3.26%,...

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How much mortgage do I qualify for?

Figuring out how much mortgage you can afford is a process that involves several steps. Once you have gone through all of them and have thoroughly examined your financial situation, you can have a much better idea as to how big of a loan you can afford, and in turn,...

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Commercial Property Crash 2021-2022

In 2004, Donald Trump told CNN, “I love bad markets!” In a Trump University audiobook, he had said “I sort of hope” the real estate market crashes. “How you react to the so-called housing bubble can be a barometer of your business personality. Are you the type of...

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Foreclosure Filings Increase 68 Percent Nationwide

There is a foreclosure crisis that is starting to surge across the nation. As soon as the government mortgage forbearance programs designed to help homeowners deal with the economic fallout of the Covid-19 pandemic expired, the grave reality of the current housing...

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