mortgage
Rochester First reported that 30-year mortgage rates dropped from 7.3% to 6.1% within the last six weeks dropping the monthly cost of buying a home and allowing buyers to be able to spend $40,000 more on a home. Rochester real estate broker says recent interest rate drop means now is the time to buy (rochesterfirst.com)
Reports say more couples are using wedding registries to raise money and put a nice down payment on a mortgage. Some couples raised money between $10,000 – $30,000. Since 2019 wedding registry websites say they’ve noticed more couples using the platform to raise money. https://www.google.com/amp/s/www.businessinsider.com/couples-using-registries-to-get-help-with-mortgage-down-payments-2022-9%3famp
Bank Of America is offering some good sounding incentives for black and Hispanic first home buyers. Bank Of America will be offering zero down payments, and nothing at closing cost these options will be available in selected cities. People eligibility will be based on monthly rent payments, utility payments and cell phone payments and complete […]
The Wall Street Journal reported that, Equifax this spring sent out incorrect credit scores for millions of customers applying for home and auto loans. One of three major credit-reporting companies provides financial information and scores for consumers, affecting whether people are approved for products including mortgages, credit cards and car loans, and what interest rate […]
President Joe Biden has recognized that a majority of the nation that is still under economic hardship from the COVID-19 pandemic and decided to extend the ban on home foreclosures for federally backed mortgages by another three months. Instead of ending on March 31, the program will extend to the end of June instead. This […]
Having a tough time, paying your mortgage on time you’re not alone. According to the latest figures from CoreLogic (a financial data and analytics firm), the number of homeowners four months behind on their mortgage hit a 21-year high in July. The 120-day delinquency rate stood at 1.4%, up from 0.12% in July 2019 and […]
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