by Candace Ellington | Nov 15, 2019 | Mortgage News
A new report by National Association of Home Builders says that around 63.6 percent of existing and new houses sold early this year are now considered affordable to households with a median income. The current median income is $75,500. This news comes after a...
by Candace Ellington | Sep 12, 2019 | Mortgage News
Low mortgage rates have created a high number of homeowners who are eligible for refinancing, according to a recent report by Black Knight. The report, which used comparison data from as far back as 2000, found that approximately half of all homeowners are currently...
by Candace Ellington | Aug 2, 2019 | Mortgage News
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...
by Candace Ellington | Apr 5, 2019 | Mortgage News
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...
