Following weeks of gradual increases, the 30-year fixed-rate mortgage dipped slightly this week, possibly offering a slight window of opportunity at lower borrowing costs to some would-be buyers. “The modest decline in mortgage rates is a welcome respite from the rapid increase in rates the last few weeks,” says Sam Khater, Freddie Mac’s chief … Continue reading Borrowers Finally See Some Relief With Mortgage Rates
What Are the Rules for Down Payment Gifts? When it comes to home buying, 20% is the standard amount that lenders prefer for down payments. But coming up with the cash isn’t always easy. Having someone give you the money reduces your burden, although it can potentially complicate things. Before you accept a down payment gift, … Continue reading What Are the Rules for Down Payment Gifts?
Mortgage rates continue their upward march By Kathy Orton March 8 (Pablo Martinez Monsivais/AP) Mortgage rates moved higher again this week, their ninth consecutive increase. According to the latest data, released Thursday by Freddie Mac, the 30-year fixed-rate average rose to its highest level since January 2014, climbing to 4.46 percent with an average 0.5 … Continue reading Mortgage rates continue their upward march
Self-employed mortgage borrower? Here are the rules Self-employed mortgage: easier than you think For the 14-million self-employed mortgage borrowers nationwide, it’s getting easier to get approved for a home loan. Here’s your complete guide to getting a self-employed mortgage today. Verify your new rate (Jan 10th, 2018) Recent changes make it easier Guidelines for self-employed … Continue reading Self-employed mortgage borrower? Here are the rules