Back in 1934, only about 10% of American households owned the homes they lived in. It was difficult for people to get approved for mortgages, so the vast majority of American households rented their homes. This led to Congress creating … Read More
In the U.S. alone, FHA mortgage rates are determined by the Federal Reserve and are driven mostly by market forces. When there is an increase in mortgage demand, the Fed can raise interest rates to keep inflation under control. Homeowners … Read More
As many as16% of Americans have a low credit score. This may worry those who are trying to secure a mortgage for a house, as there are often certain credit score requirements that must be met. However, there are ways … Read More
As of 2022, you can expect to pay an average of over $350,000 for a home in the United States. As time goes on, the price of real estate may continue to increase. Unfortunately, this means that more people than … Read More
In today’s residential real estate industry, costs have continued to rise. Many areas have seen dramatic jumps in the cost of rentals, making purchasing an attractive option, despite the 20% jump in housing prices from February 2021 to February 2022. … Read More
The U.S. housing market has been notoriously difficult for the past few years. With house prices rising yearly, many potential homeowners have had to resort to years of waiting to save for a down payment or practicing patience as their … Read More
65% of Americans own their own home these days. In fact, three and a half million mortgages were granted in 2017! If you are ready to become a first-time home buyer, you may be swimming in information about the process. … Read More
Did you know that in the first quarter of 2022 alone, over $800 billion in mortgages were lent out? Acquiring a home loan is a major component in purchasing the house you desire. If you’re struggling to get a conventional … Read More
Getting out of the rental market is one of the best ways to save money each month. With the median cost of rent coming to around $1,827, it’s no wonder many first-time homebuyers are starting their searches now. And with … Read More
In June of 2022, the average 30-year fixed loan increased to roughly 5.25 percent. While mortgage rates are performing well, how are FHA loan requirements being impacted by the housing market? The housing market is constantly changing, and if you … Read More