Category Archives: FHA Loans

The Mortgage Process: What You Need To Know [INFOGRAPHIC]

  Some Highlights: Many buyers are purchasing a home with a down payment as little as 3%. You may already qualify for a loan, even if you don’t have perfect credit. Take advantage of the knowledge of your local professionals who are there to help you determine how much you can afford. …read more

Also posted in Chicagoland Real Estate News, Credit Scoring, For Buyers, FREE Credit Review | Leave a comment

Mortgage Rates Again at Historic Lows

Just two weeks ago, we posted an article discussing where mortgage interest rates may be heading over the next twelve months. We quoted projections from Fannie Mae, Freddie Mac, the Mortgage Bankers’ Association and the National Association of Realtors. Each predicted that rates would begin to rise slowly and steadily throughout 2016. However, shaky economic […]

Also posted in Chicagoland Real Estate News, For Buyers, Mortgage Guidelines, Mortgage Rates, Move-Up Buyers | Leave a comment

Mortgage Rates Just Jumped Over 4%. Now What?

Last week, mortgage interest rates jumped over the 4% mark for the first time this year according to Freddie Mac‘s Mortgage Market Survey. In an article in Housing Wire, a Bankrate analyst explained: “Mortgage rates rocketed higher following a stronger than expected monthly employment report. The good news on the job front further solidifies the […]

Also posted in Chicagoland Real Estate News, Credit Scoring, For Buyers, Homeownership, Interest Rates, Mortgage Guidelines, Mortgage Rates | Leave a comment

Don’t Let Your “Luck” Run Out

The 30-year fixed mortgage interest rate is currently still below 4%. Many buyers may be on the fence as to whether to act now and purchase a new home, or wait until next year, believing they still have time to lock in a low rate. If you look at what the experts are predicting over […]

Also posted in Mortgage Rates, Personal Finance | Leave a comment

Single-Family Housing Starts Remain Strong

Single-family housing starts were above 500,000 for the fourth straight month in July, a mark not met since the federal home buyer tax credit of 2010.

Also posted in Housing Analysis, Mortgage Rates, Plainfield Real Estate | Tagged , , | Leave a comment
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