Mortgage News - Page 15

Want high returns on that next fix-and-flip? Then buy a house near an ALDI grocery store.

It looks like buyers aren’t sticking close to home anymore. A full quarter of homebuyers are looking to move outside their metro area.

The latest home sales data might not reflect it, but according to a new report, consumer homebuying power is almost at a record high.

FHA is reducing its maximum loan-to-value from 85% to 80% for cash-out loans. Your strategy in light of this change.

According to a new study, half of undergrads with student loans plan to put off buying a house due to their student loans.

Home prices continued their cooldown, logging just a 3.4 percent annual increase in May. It marks the 14th straight month that prices have slowed.

Mortgage rates hold to low levels as the Federal Reserve cuts rates for the first time since 2008.

Big down payments aren’t required to buy a home. In fact, according to a new survey, a large swath of homeowners paid less than $5,000 for theirs.

American mortgage debt has offficially reached a new high. According to recent data, Americans now hold more than $9 trillion in mortgage balances — up around $1 trillion from just three years ago.

If a new House bill is passed through the Senate, first-time homebuyers could see lower up-front mortgage costs as a result.

Home equity is up and rates are down. But homeowners refuse to tap into equity for major financial goals like a college education or home improvements. Is that a mistake?

Higher degrees generally come with higher incomes, but it turns out they’re not a requirement for buying a home. In fact, according to a new analysis, a high school degree offers enough income to afford a home in nearly three-quarters of the country’s biggest cities.

Confidence in the housing market remains near an all-time high. According to new data, consumers are especially optimistic about mortgage rates and home prices.

Home prices are high but there's hope for home buyers. Falling rates should make homeownership more affordable as the Fed seeks to cut rates in 2019.

Housing might be looking up, but that doesn’t mean today’s homebuyers have it easy — especially not first-timers. In fact, according to new data, more than half of first-time homebuyers have been searching for six months or more to find that dream house.

Nearly one in two homeowners is planning to renovate in the next two years. Though HELOCs offer a good source of funding for these projects, according to a new survey, many homeowners don’t even know what these financial products are.

Renters stay renters often because they overestimate the difficulty of qualifying for a mortgage. Many are surprised that they can buy a home immediately.

The number of bidding wars just keeps slipping — but those days might be numbered. According to new data, just 12 percent of buyers faced a bidding war last month — marking a 52 percent drop from a year earlier. But will the trend continue? Experts don’t expect so.