Soaring Rental Rates Make Home Ownership Even More Attractive Since ancient times, people have been renting space to provide a roof over the head of their family. This practice continues today with about 36 percent of the American population renting their primary residence. Unfortunately, soaring rental rates may spell bad news for many renters. Get Ready to Pay More The
According to the latest National Delinquency Survey from the Mortgage Bankers Association (MBA), delinquent residential mortgages are at their lowest rate since the second quarter of 2007. This marks a decline in the rate by 24 basis points (BPs) since the first quarter of 2015 and by 74 BPs compared to the second quarter of 2014. The National Delinquency Survey
Even though the real-estate market appears to be making an amazing comeback, economists still say that obtaining a mortgage may be difficult for some potential home buyers. This doesn’t mean that you have to be among the extremely wealthy to buy a home, but those with a troubled credit history may still find it difficult to qualify for a mortgage
According to data from the U.S. Home Equity and Underwater Report put together by RealtyTrac, the number of properties with at least 50 percent equity grew by more than a million between the second quarters of 2014 and 2015. The most recent period ended with 10.9 million properties being equity rich, which is about 19.6 percent of all mortgaged properties.
