Wonder how you can take advantage of today's historically low mortgage interest rates? Start with these expert tips. Read more here… http://homes.yahoo.com/news/how-to-score-the-best-rate-on-your-mortgage.html
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Home Mortgages • September 1, 2012
Tips to get the best mortgage rate
by Steve Hill
Home Mortgages The New Future of Mortgages: An Explainer The Consumer Financial Protection Bureau today released its first in a series of major rules that will shape the future of mortgages. The hotly contested measures, mandated as part of the 2010 Dodd-Frank financial reform bill, are generally somewhat less stringent than consumer groups wanted, and less onerous than lenders feared. There are two parts […]
Buying a Home Can Be Scary… Know the Facts [INFOGRAPHIC] Some Highlights: 36% of Americans think they need a 20% down payment to buy a home. 44% of Millennials who purchased a home this year have put down less than 10%. 71.8% of loan applications were approved last month. The average credit score of approved loans was 731 in September.
Percentage of Homeownership by Decade and by State There has been a lot of talk about the falling homeownership rate in the United States. In December 2004, the homeownership rate reached an all-time high of 69.4%, while the current rate is 62.9%. When comparing these two figures, there is some room for concern regarding the difference. However, today we want to shine some […]