PMR Mortgage Blog

Appraisal requirement removed for some homes under $400,000

Appraisal requirement removed for some homes under $400,000

Regulators have removed the appraisal requirement for some homes valued under $400,000. While this new rule impacts many types of loans, it's important to note that not all loans will be affected. Loans that are guaranteed or insured in part, or entirely, by a...

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Low Mortgage Rates Offer Borrowers Plenty of Options

Low Mortgage Rates Offer Borrowers Plenty of Options

Lower interest rates have historically given homeowners the green light to refinance their homes in order to lower their monthly payments. Even if you think you have a great rate already and won't benefit from refinancing your mortgage, you may be mistaken. There are a multitude of reasons for refinancing your mortgage.
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The amount of equity homeowners have is hitting record highs

The amount of equity homeowners have is hitting record highs

A new report by CoreLogic found that the amount of equity homeowners have in their homes is at an all-time high. The data company reported that the national share of homes with negative equity fell to just 3.8 percent, and since the second quarter of 2018, 151,000...

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

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 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

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

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

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

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

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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