Month: November 2016

Mortgage Rates Increase Headed into Holiday Weekend

Freddie Mac’s most recent Primary Mortgage Market Survey shows average fixed mortgage rates moving higher, with the average 30-year fixed-rate mortgage topping 4 percent for the first time since 2015. “In a short week leading up to the Thanksgiving holiday, the 10-year Treasury yield rose 8 basis points,” says Sean Becketti, Freddie Mac’s chief economist. “The 30-year mortgage rate followed

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Four Factors That Will Help You Get a Mortgage

Mortgage lenders look at four factors when deciding whether to grant financing, and having an understanding of each will help make the process much easier. Steady income Having a stable income is key. Lenders crave a consistent income that is poised to continue into the future, while any gaps in employment during the past two years must be explained and

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Can I Buy With Cash And Then Get A Mortgage?

There’s a new buying strategy brewing: Cash first, mortgage later. Here’s how it works: Rather than having to finance a purchase, buyers liquidate their assets (including taking money out of their retirement savings, investment accounts and assets such as other property); amass enough cash to purchase a home outright; and then make an all-cash offer. This can help make your

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Mortgage Rates See an Increase

Freddie Mac’s most recent Primary Mortgage Market Survey shows that a jump this past week in the personal consumption expenditure (PCE) — the price index tracked most closely by the Fed — raised the prospect that inflation might not have gone by the wayside after all. Investors reacted by driving the yield on the 10-year Treasury to its highest point

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