Is it time you had a mortgage checkup? Find out if your mortgage is contributing to your financial health. Having regular checkups by a doctor is a critical step to ensuring good health. The same holds true for one of your most important financial investments: your mortgage. A periodic review of your mortgage can help …
Category: News
Sep 24
Home Offices are in High Demand
Home Offices are in High Demand More people are working from home, and that is having a big effect on their real estate needs, The New York Times reports. About 24% of employed people in the U.S. worked at least part of the time at home last year, according to the U.S. Bureau of Labor …
Sep 23
Home Sales Up for Second Consecutive Month
Home Sales Up for Second Consecutive Month Existing-home sales rose in August, marking two consecutive months of gains, even as a limited number of homes for sale remains a pressing issue on the market, the National Association of REALTORS® reported Thursday. Three of the four major regions of the U.S. saw an uptick last month, …
Sep 20
More New Homes
More New Homes Housing starts posted “healthy gains” in recent weeks as homebuilders feel more confident about the new-home market, the National Association of Home Builders reports. Led by an increase in multifamily production, total housing starts surged 12.3% in August, reaching a seasonally adjusted annual rate of 1.36 million units, the Commerce Department reported Wednesday. …
Sep 20
Home Flips Are Decreasing
Home Flips Are Decreasing Fewer homes were flipped by investors in the second quarter compared with the same quarter one year ago as profits grew smaller, according to ATTOM Data Solutions’ 2019 U.S. Home Flipping Report. Homes flipped in the second quarter were down 5.2% from a year ago. Overall, home flips in the second quarter comprised …
Sep 19
Debt Anxiety
Debt Anxiety Americans are getting anxious about their debt. About one-third—34%—of Americans’ monthly income goes toward paying off debt. It’s no wonder 45% of Americans say debt makes them feel anxious on at least a monthly basis, according to the latest findings from the Northwestern Mutual’s 2019 Planning & Progress Study, based on a survey …
Sep 19
Buy now or wait for a deal?
Buy now or wait for a deal? Are you a millennial watching your friends and family thrive on the current real estate market? Today’s rates are historically low so why wait to buy your dream starter home? Contact John Coneys of Freedom Mortgage, (NMLS# 183853 – 610.322.4886) and I to discuss your financial options! #RealEstate …
Sep 17
Flood Insurance Extension
Flood Insurance Extension Congress is expected to extend the National Flood Insurance Program before it expires Sept. 30, but less clear is when Congress will turn to meaningful program reforms the National Association of REALTORS® and other housing groups have advocated for years. Outdated federal flood maps—some of which haven’t been updated in more than …
Sep 17
Master Bedroom – Don’ts
Master Bedroom – Don’ts A master bedroom is meant to be a peaceful place to relax and recharge. That’s why designers say a lot of attention needs to go into its look: to make sure it fulfills that purpose. Design experts also say an uninviting master retreat could negatively affect resale value, so there’s more …
Sep 12
Removal of DTI Requirement
Removal of DTI Requirement Four bank giants have united to form a coalition to urge the Consumer Financial Protection Bureau to change its Ability to Repay/Qualified Mortgage rule and eliminate the debt-to-income ratio requirement. Bank of America, Quicken Loans, Wells Fargo, and Caliber Home Loans are leading the calls for a change. The Ability to …
Sep 11
Now may be your best time to buy or refinance
Now may be your best time to buy or refinance Mortgage interest rates have dropped, but there’s no guarantee they will stay that way. If you’re thinking of buying a home, now may be the perfect time to act! If you already own your home and you’ve been putting off repairs, a remodel, paying off …
Sep 10
Homeownership Makes People Happier
Homeownership Makes People Happier Most Americans have no regrets about buying a home. In fact, it’s made them happier, a new survey shows. Ninety-three percent of Americans say they are happier after buying a home, and 83% would never go back to renting, according to Bank of America’s latest Homebuyer Insights Report, based on a …
