Among the largest and most immediate effects from the vote by Britain this past week to sever its economic and political ties with the European Union are how it will alter mortgage interest rates and U.S. real estate prices. According to Redfin, here’s what you need to know about buying, selling and borrowing with the recent advent of the Brexit
Lender attitudes toward the housing market are positive heading into third quarter 2016, having recovered from a significant decline in recent quarters, according to Fannie Mae’s second quarter 2016 Mortgage Lender Sentiment Survey. Conducted in May, the survey shows that lenders reporting demand growth for GSE (government-sponsored enterprise) eligible purchase mortgages in the past three months rebounded to 70 percent
Mortgage rates crept just barely lower on June 10, but it was enough to leave the average lender’s rate sheet in its best shape since May 2013. Unlike the early February time frame, rates have moved lower in a steadier way, according to Mortgage News Daily. Although that doesn’t mean they can’t bounce higher, it does mean there’s less risk of a
When shopping for a mortgage, your credit score is paramount—ultimately making or breaking your mortgage approval and determining whether or not you snag your dream home. According to trulia.com, here are four key consumer loans that can affect your mortgage worthiness, along with ways to improve your credit if you already have (or are considering) these loans—all with the goal of
