When delving into the world of real estate and investment property, there are many terms that will come up that require further explanation. Whether you’ve never heard the phrase ‘home equity’ before or you have a little familiarity, he
Feb 04, 2016 |
Traditionally, getting a mortgage requires you to have a level of income appropriate to the size of home that you’re buying. But for a lot of low-income and minority borrowers, a simple measure of one person’s income isn’t an accurate m
Feb 03, 2016 |
Last week’s economic events included S&P Case-Shiller’s home price indexes, reports on new and pending home sales and the Fed’s FOMC statement. The details: Case-Shiller Reports Fast Paced Home Price Growth According to S&P Case
Feb 02, 2016 |
If you’re planning to buy a home in the near future, you’re probably already looking at mortgages available through your bank and other lenders. But before you choose a mortgage and sign on for a loan worth hundreds of thousands of dollars, y
Jan 31, 2016 |
What Is “Prime”? The Prime Lending Rate – sometimes just called “Prime” – is the interest rate that banks charge each other for overnight loans. Some consumer rates – like ARMs – are set in relatio
Jan 30, 2016 |
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
Jan 29, 2016 |