There are many scenarios in which it may be advantageous for a homeowner to refinance his or her mortgage. As a loan officer, you will likely have an opportunity to generate revenue for yourself each time a client does so. However, should you be actively
Stepping in the year 2015, we’re on the cusp of witnessing a noticeable shift in the housing market. With a strong tailwind from economic recovery and declining unemployment rates, housing market is heading up for an optimistic start in 2015. Mortgage rates are rising, the
Home buyers are passing through stringent times. Today, lenders expect home buyers to put down at least 20 percent down payment or have a flying credit score of 720 or above. But let’s be real – Not every one of us is blessed with a
2013 has been a year of recovery for the housing industry and the nation is praising it for the same. The housing recovery has been quite a relief for everyone and homebuyers are seemingly becoming confident for buying homes. If we look at the records
The long-term fixed rates on mortgages spiked in the last week of June along with bond yields. If we look at the facts, it’s been 30 years since the last largest weekly increase in the fixed-rate mortgage since 17th April 1987. Surprisingly, the 30-year fixed-rate
According to the Bipartisan Policy Center, which comprises former secretaries of the U.S. Department of Housing and Urban Development and former Senators, the federal government is extremely involved in the national housing market and they should take steps to reduce this engagement. The experts justify
It is that time of the year again when everyone is rushing to finish their holiday shopping and kids are waiting for Santa to visit. It is also time to look back at the year that has gone by, to review the good and bad.