According to statement issued at the conclusion of today's Federal Open Market Committee meeting, committee members decided against raising the target federal funds rate. Mixed economic conditions, slower economic growth in the 4th quarter and low inflation contributed to the decision against rai...

01/27/2016

What's Ahead For Mortgage Rates This Week - January 25, 2016

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Last week's scheduled economic news included releases from the National Association of Home Builders, Housing Starts, and Existing Home Sales. Weekly reports on new jobless claims and mortgage rates were also released. The National Association of Realtors® reported that sales of previously owned...

01/24/2016

The Do's and Don'ts of Getting Approved for a Mortgage Quickly

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If you're ready to buy a home, getting approved for a mortgage is a critical step that you can't skip or rush. And although it may seem like the lenders can be a bit arbitrary in their approvals, there's actually a detailed set of criteria they look for when approving or denying an application.So...

01/20/2016

Why High Rents Are Worse Than a Mortgage over the Long Term

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If you're at the stage in life where home ownership is nearly within your reach, you're probably wondering whether you should start looking for a home or whether you should just keep renting. Renting is easier, people say, and it gives you more mobility. But over the long term, all that rent mone...

01/13/2016

Home Buying Real Estate Terms: The 'Debt to Income' Ratio

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The real estate market is rife with terminology that can make a home purchase seem more than a little complicated. If you're currently looking for a home and are considering your loan options, you may have even heard the term 'Debt to Income' ratio. In the interest of simplifying things, here are...

01/12/2016

What's Ahead For Mortgage Rates This Week - January 11, 2016

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The first week of 2016 was quiet concerning housing and mortgage related news, but reports on construction spending and several labor-related reports were released. Construction spending is connected to housing markets as it provides evidence of builder confidence and also future housing supply. ...

01/10/2016