ShareTweet Thanks to record low mortgage rates and home prices that have fallen roughly one-third on a national level from the real estate bubble’s peak, buying a home is now more affordable than it has been in decades. (NOTE: This takes into consideration the price of the house/mortgage only, not other costs such as HOA […]
20% Down Payments for Homes Is (Hopefully) Making a Comeback
ShareTweet For many years leading up to the real estate bubble, it was almost unheard of to purchase a home without at least a 20% down payment. This was the bank’s way of making sure you had adequate skin in the game and started off with enough equity that, if you ran into payment problems, […]
Mortgage Applications Decline According to Mortgage Bankers Association
ShareTweet Mortgage applications declined by roughly three percent during the last week in June according to the Mortgage Bankers Association, a leading industry group. This was the second straight week of declines despite 30-year fixed mortgage rates just barely above the historical lows set late in 2010. According to HousingWire.com – a site I follow […]