Mortgage

February 2, 2017

Rising Interest Rates Take Toll on Home Affordability

November brought a reversal to the growing home affordability with a sudden drop, according to First American Financial Corp.’s Real House Price Index.  What the company calls “real […]
January 31, 2017

Down Payments Eat Up Large Chunk of Income

To meet a 20% down payment, homebuyers on average have to spend more than two-thirds of the average annual income, according to a report from Zillow. […]
January 27, 2017

Tax Deductions: Are You at Risk for an Audit?

Like it or not, tax season is upon us.  As you begin to itemize your 2016 deductions, are you concerned that your numbers might be large […]
January 26, 2017

Higher Interest Rates Could Hit Some Homeowners Hard

Mortgage rates, while down over the past two weeks, have trended higher since the election of President-elect Donald Trump.  In December, the Federal Reserve made its first and last […]
January 23, 2017

FinTech is Changing the Payments Industry

The landscape of the payments industry is changing with the introduction of new technologies. Capitalizing on emerging payment methods could give start-ups a competitive edge against […]
January 20, 2017

Homeowners and Appraisers Don’t See Eye to Eye

For the past few months, homeowners’ estimates of their home prices grew closer and closer to the appraised amount, and in November they nearly hit the mark. However, […]
January 18, 2017

Will Higher Interest Rates Lead Buyers to Cheaper Homes?

Homebuyers haven’t had it easy lately. Prices were up nearly 8% in November compared to last year while inventory declined.  Add rising mortgage rates to the […]
January 17, 2017

Mortgage Credit Loosens in December

The recent upward trend in mortgage credit availability didn’t let up in December, according to the latest report from the Mortgage Bankers Association.  The newest Mortgage Credit […]
January 12, 2017

Affordability Falls to Worst Level in 8 Years

Affordability in the housing market declined to its lowest level since the fourth quarter of 2008, according to the latest Home Affordability Index from ATTOM Data Solutions.  […]