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The 16-day government shutdown has come to a close thanks to President Obama signing a piece of legislation. This legislation was signed just before the federal government would have to default on its financial obligations. The economy, housing market and mortgage lenders dodged a bullet, but it seems like only a temporary one. If a [...]
The July 4th, Independence Day holiday, is just around the corner. Millions of Americans are ready to take their vacation and enjoy some fun in the sun. This year, July 4th falls on a Saturday which means almost all employees of major corporations will get off Friday, July 3rd, 2015 as a holiday. It is [...]
While California is thousands of miles away from Greece the local financial markets are going to be influenced by this European country that has been in flux for several years now. Greece owes roughly 313 Billion Euros, and a 1.5 Billion Euro payment is due to the International Monetary Fund on June 30th or they [...]
Millennials Seek Parent’s Help Buying a home requires saving up a down payment – something many millennials are struggling with. Many millennials are finding that finances are the biggest obstacles to home ownership. According to Trulia, about half of millennials that are looking to purchase a home need parent help. The reasons behind millennials needing [...]
Mortgage rates and markets change constantly. Stay 100% current by taking The Mortgage Reports by email each day. In holiday-shortened trading, mortgage rates dropped again last week. Costs on a conventional 30-year mortgage dropped approximately 43 basis points, or $430 per $100,000 borrowed -- roughly the equivalent of a one-eighth of one percent improvement to [...]
May 28, 2014 The number of homes for sale on realtor.com in April was up 14.2 percent from the same time last year, suggesting that sellers “are much more optimistic,” according to a report issued by realtor.com today. At 1.99 million, the number of listings was also up 8.6 percent from March to April, without [...]
