Home buying can be a whirlwind and, unless you are a lottery winner or heir to a fortune, likely includes taking out a mortgage. Choosing the right mortgage loan for your budget includes assessing your [...]
The promises of a reverse mortgage -- never having to pay a mortgage bill again and using your home's equity to finance retirement -- can sound too good to be true. It almost was too [...]
The Federal Reserve's announcement Wednesday that it would reduce its bond-buying by $10 billion a month was seen generally as a moderate start to the highly anticipated taper. As such, mortgage rates, which follow bond [...]
To the surprise of virtually no one, the Federal Reserve kept its cheap-money policy in place, but markets interpreted language in the decision to mean that the end may come sooner than expected. Wall Street [...]
WASHINGTON -- Average U.S. mortgage rates rose modestly this week, a move that makes home-buying a bit less affordable. Still, rates remain near historically low levels. Mortgage buyer Freddie Mac says the average rate [...]
The average down payment for 30-year fixed rate mortgages dropped to 15.73 percent of the home's value in the third quarter this year, down 2.74 percent from the second quarter, according to a report from [...]
The VA loan program was created in 1944 by the U.S. government as a benefit to veterans for their service to our country. VA loans are not made by the Veteran’s Administration rather the VA [...]
