FHA mortgage qualifying gets tougher for the self-employed
Due to coronavirus, there are new rules for self-employed home buyers who want to use FHA loans. Learn about new lending rules here.
Due to coronavirus, there are new rules for self-employed home buyers who want to use FHA loans. Learn about new lending rules here.
Mortgage rates are off to a decent start this week with the average lender offering slightly better terms compared to last Friday. The progress actually began earlier last week. On Tuesday morning, rates were at their highest levels in exactly 2 months after jumping at a relatively quick pace in response to the Georgia senate election. The underlying bond market was making an adjustment for a likely increase in Treasury issuance in the short term. There was no way to be sure how long that adjustment would last or how much it would impact rates. That uncertainty began to clear up on Tuesday as a scheduled auction of US Treasury debt was met with strong demand. After that, the tone in the bond market shifted for the better and we’ve seen additional examples of resilience. In general, when bonds
Mortgage applications jumped 16.7% after a 4.2% drop last week, according to the Mortgage Bankers Association. The jump underlines the seasonality behind last week’s decrease, as well as the expectation of additional fiscal stimulus from the incoming administration.
The post New-year optimism reflected in mortgage applications jump appeared first on HousingWire.
Mortgage Rates Today, January 8, 2021 | Key rate advances Bankrate.com
A home equity loan can allow you to access large sums of money without selling your home. Using your home as collateral, you can get a loan to finance anything you want or need â…
The post Home Equity Loan: What Is It and How Does It Work? appeared first on Crediful.
Numerous programs exist to help veterans and service members who are first-time buyers with their closing costs and other expenses.
When youâre thinking about taking the plunge into homeownership, timing the market may not be as important as taking stock of your personal finances and lifestyle.
The post Is Now a Good Time to Buy a House? appeared first on Discover Bank – Banking Topics Blog.
Black homeowners pay $13K more for home loans: study The Real Deal
Granite State Credit Union (GSCU) provides members with a variety of mortgage products across the state of New Hampshire. GSCU AT A GLANCE Year Founded 1945 Coverage Area New Hampshire HQ Address 1415 Elm Street, Manchester, New Hampshire 03101 Phone Number 1-800-645-4728 GSCU COMPANY INFORMATION Services the state of New Hampshire Offers conventional loans, […]
The post GSCU Mortgage Rates Reviews: Today’s Best Analysis appeared first on Good Financial Cents®.
Mortgage rates can be pretty volatile. Just like stocks, they can change daily depending on whatâs happening in the economy. Beyond that, mortgage rates can move based on news that doesnât involve a report on the economic calendar, such as a jobs report, GDP, housing starts, inflation, etc. Even if there isnât a direct financial [&hellip
The post Mortgage Rates vs. the Coronavirus: We Might Test New All-Time Lows first appeared on The Truth About Mortgage.