If you have buying a home on your to-do list for the new year, you’ll be happy to hear that lenders have been easing credit standards and plan to continue to do so. According to Fannie Mae’s fourth quarter 2015 Mortgage Lender Sentiment Survey, 16% of lenders plan on easing standards in order to help […]
Economists polled by CoreLogic believe that the economy will continue to grow in 2016, putting the U.S. into the eighth consecutive year of expansion with 2-3% growth, creating downward pressure on unemployment. If such conditions do come to fruition, CoreLogic predicts the following trends in next year’s housing market: 1. Interest rates will gradually move higher […]
It is normal for first time home buyers to have a lot of questions. We’re hoping this video helps you with some of your questions about mortgage loans A mortgage loan is kind of an amazing thing when you think of it. Because no one has, say, $200,000 laying around, you can borrow it as […]
Price of a home versus Cost of a home Every buyer wants to buy at a good price, but price is just part of the picture. If you’re getting a mortgage, the interest rate greatly affects the long term cost of owning a home. If rates go up, the same home could cost thousands of […]
Mortgage rates play a huge role in the cost of a home and they are predicted to rise. While an higher rate increases to cost of buying and financing a home, no matter if rates rise above 5%, look at how affordable they would remain historically! Contact any First Weber Real […]