Category Archives: Buyer’s Info

Mortgage closing costs fell 7% for homebuyers

Federal regulations are helping to significantly reduce the amount new homebuyers are paying come closing time. The average cost of closing on a mortgage has fallen by 7.4% over the past year, according to a recent survey by Bankrate.com. At … Continue reading

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Mortgage rates drop again, Freddie Mac says; 30-year at 3.53%

The average rate on a 30-year fixed mortgage hit another new low this week, dropping to 3.53% from 3.56% last week, according to Freddie Mac’s survey of what lenders are offering to well-qualified borrowers. With the Federal Reserve aggressively pushing … Continue reading

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Bankrate: Mortgage Rates Tick Lower to another Record

Mortgage rates moved lower once again, with the average 30-year fixed mortgage rate setting a new record low of 3.78 percent. The average 30-year fixed mortgage has an average of 0.43 discount and origination points. The average 15-year fixed mortgage … Continue reading

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Improving Foreclosure Prices Drive Recovery

Significant price increases in bank-owned foreclosures are driving gains at the national, regional and local levels, helping home prices turn the corner with small quarterly and yearly gains. National average prices for bank-owned foreclosures (REO) were up 8.1 percent over … Continue reading

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Consumer bureau targets predatory lending

NEW YORK (CNNMoney) — The federal government is considering a new set of rules on mortgage origination that it says would make the process simpler and more transparent for borrowers. The Consumer Financial Protection Bureau, created as part of the … Continue reading

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Buying a home won’t get much cheaper

NEW YORK (CNNMoney) — Buying a home may never get any cheaper than this. Several housing experts are predicting that this year will be the last chance for bargain hunters to cash in on the best deals of the weak … Continue reading

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6 ways to get a great mortgage deal

(MONEY Magazine) — Finding an affordable house is no longer a problem but qualifying for a mortgage can be. Six tips to getting a mortgage and a good rate. Put your credit on ice. The higher your credit score, the … Continue reading

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