PMR Mortgage Blog

Home prices continue to slow for 14th month in a row

For the 14th month in a row, the rate at which homes prices are increasing has slowed down. In May, prices saw just a 3.4 percent annual increase according to the S&P CoreLogic Case-Shiller National Home Price Index. Nationwide, the top 10 metro areas in the...

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The Fed Cut Interest Rates for the First Time Since the 2008 Crisis

The Federal Reserve's decision to cut interest rates 25 basis points for the first time in over a decade marked a dramatic shift in monetary policy. For consumers, the cut could mean a reprieve in escalating borrowing costs, which can impact your mortgage, home equity loan, credit card, student loan tab, and car payment.

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Rents skyrocket across the United States

Did you hear the news? Across major cities in the United States, rent has increased yet again, according to a new report from RentCafe. The annual report found that the average rent in the U.S. has increased by 3.2 percent year over year and by 2.6 percent since the...

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The Local Advantage: Local Lenders VS Online

Borrowers have more options than ever when it comes to purchasing a home. Who you choose as your lender is a serious decision that can impact you for years to come. While online lenders offer quick approvals tethered to high interest rates, local lenders like Premier...

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Younger home buyers moving to the suburbs

Move aside, big cities. American suburbs are making their way back into the spotlight. Many Americans are ditching the allure and convenience of big, crowded cities and instead opting for the comfort of a quieter life in close-knit communities found in suburban...

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Busting two big myths about getting a home loan

Many would-be homebuyers put off buying much longer than they have to because they think their credit score is too low, or they don't have enough money saved for a down payment. But did you know that lower credit scores and a low down payment don't automatically mean...

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Home price growth is still slow, making it ideal time to buy

Was homeownership or moving part of the game plan this year, but now you're looking at the calendar wondering how we're already halfway through? Great news! Not only is it not too late to get into a new home in 2019, you might be in an even better position to start...

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Three ways to utilize your home equity

If you're like most people who own their own home, you could use a little extra financial cushion. As a homeowner, your home equity is likely your most valuable asset. Home equity is, to put in simple terms, the part of your home and property you truly "own." When you...

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Mortgage Rates See Biggest Weekly Drop in a Decade

Homebuyers got a big boost to their purchasing power this week thanks to falling mortgage rates. The average rate on the 30-year fixed-rate mortgage fell to 4.06 percent with an average 0.5 point for the week ending Thursday, down from last week when it averaged 4.28...

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How to access your credit score and what it means

As you begin your journey to the home-buying process, you'll learn very quickly that your credit score plays a huge role in determining your buying power. Not only does your credit determine if you can get a loan, but it determines your interest rate if you do. A...

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