Most Lenders Will Now Consider On-Time Rent Payments

Most Lenders Will Now Consider On-Time Rent Payments

More mortgage applicants will find it easier to get approved now that Freddie

Mac joined Fannie Mae in making on-time rent payments a lending consideration.

Fannie Mae and Freddie Mac back more …

Soaring Home Prices Rolling Appraisals, Upending Sales

Soaring Home Prices Roiling Appraisals, Upending Sales

In Aug., 13% of appraisals came in below a home’s contract price.

It was higher in May (19.7%), but is still up compared to sales early last year (7.3% in Jan. 2020).

The …

FHA And VA Loan Buyers Struggle To Compete For Homes

FHA, VA and other government-backed loans are often favored by first-time and low-income buyers.

But in bidding wars, cash offers or conventional financing seem less problematic to sellers.

While 89% of sellers say they’re likely to accept an offer …

Florida Closing Cost are 2.32% Of Home Price

Florida Closing Costs Are 2.32% Of Home Price

In the U.S., closing costs, including taxes, were up 10.5% year-to-year, and almost $7K for an average price home.

In Fla. it’s a bit higher: $8.5K for the …

High Home Prices Continue To Weigh on Home Buying Sentiment

High Home Prices Continue to Weigh on Home Buying Sentiment

Fannie Mae’s index dropped 1.2 points in Sept. More consumers (66%) thought it was a bad time to buy a home while only 28% believed it was a …

How Much Can You Save By Downsizing?

How Much Can You Save by Downsizing? It Depends

In the biggest 20 U.S. metros, you could save an average of $194K going from a 4-bedroom to a 2-bedroom home.

As property values continue to rise, homeowners looking to downsize …

Housing Costs May Be Affecting Employment Numbers

Housing Cost May Be Affecting Employment Numbers

People quit jobs if they grow discontented, and rising rental costs may be causing some discontent: 51.2% of workers say they plan to look for a new job this year.

Renters have adopted …

Need An Appliance? Beware Long Delivery Waits

Need a refrigerator, washing machine, or range?

Watch for long delivery times due to the pandemic

Boggs and other retailers cite three reasons:.

Springtime plant shutdowns, where some US plants were closed for 3 months.

Shipping delays from China, with crates of …

Mortgage Rates are Actually Much Higher This Week

Mortgage Rates are Actually Much Higher This Week

It's Thursday and thus time once again for some seriously confusing mixed signals in the world of mortgage rate journalism.

The weekly Freddie Mac rate survey is the most widely-cited source …

Mortgage Application Volume at Three-Month Low

Mortgage applications declined by the largest margin in three months during the week ended October 1.

Both the seasonally adjusted and the unadjusted Purchase Indices dipped by 2 percent and volume was 13 percent lower than the same week one year …