Freddie Mac reports that the average rate for a 30-yr fixed mortgage is at 3.51%. To obtain that rate a borrower would have to pay 0.7 in points and fees.
- Things to Avoid after Applying for a Mortgage [INFOGRAPHIC]Some Highlights There are a few key things to make sure you avoid after applying for a mortgage to help make sure you still qualify for your loan at the closing table. Along the way, be sure to discuss any changes in income, assets, or credit with your lender, so you don’t unintentionally jeopardize your application. The best plan is to fully disclose your i […]
- Why Right Now May Be the Time to Sell Your HouseThe housing market made an incredible recovery in 2020 and is now positioned for an even stronger year in 2021. Record-low mortgage interest rates are a driving factor in this continued momentum, with average rates hovering at historic all-time lows. According to the latest Realtors Confidence Index Survey from the National Association of Realtors (NAR), buy […]
- Will Forbearance Plans Lead to a Tsunami of Foreclosures?At the onset of the economic disruptions caused by the COVID pandemic, the government quickly put into place forbearance plans to allow homeowners to remain in their homes without making their monthly mortgage payments. Today, almost three million households are actively in a forbearance plan. Though 29.4% of those in forbearance have continued to stay […]
- Things to Avoid after Applying for a Mortgage [INFOGRAPHIC]