Why mortgage rates are back up

‘Recent volatility may persist as the market adjusts to each new piece of economic data,’ Realtor.com’s Hannah Jones says Bad news for home buyers: Mortgage rates are surging again as the financial markets weigh incoming economic data showing strength in the U.S. economy, as well as the possible outcome of the upcoming presidential election, experts…

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Should I Wait to Purchase a Home Until After the Election?

With every election cycle, potential home buyers often face the question: should I wait to purchase a home until after the election? The uncertainty and economic changes that accompany elections can make this a challenging decision. This blog explores the potential impacts of election outcomes on the housing market and offers practical advice on making…

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real estate investment

Investor optimism has remained undimmed despite market volatility, says executive. 2024 may have been marked by turbulence in the housing and mortgage markets, but that’s done little to dim the appetite of investors eyeing up opportunity in real estate, according to a top lending professional. Nate Zielinski (pictured), senior partnerships coordinator at RCN Capital, told Mortgage Professional…

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Refinancing vs HELOC

The increasing need for homeowners to access their home equity, whether for large expenses, debt consolidation, or home improvements, has led to a growing interest in financial strategies like refinancing and Home Equity Lines of Credit (HELOC). Choosing the right financial option based on individual needs and circumstances is crucial for financial stability and long-term…

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FANNIE MAE / FREDDIE MAC DIFFERENCES

Here are some guideline differences between Fannie and Freddie and a few of the differences between the two. ALIMONY PAYMENTS FANNIE – You may count the alimony payment as a monthly debt OR deduct from the income. FREDDIE – You must reduce the income by the amount of the alimony. APPRAISAL WAIVERS FANNIE allows on…

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PAYOFF STUDENT LOANS

The Federal government removed the “PAUSE” on student loan repayments back in October of 2023. No longer in forbearance, many borrowers have felt the pinch of additional monthly payments since then. This could negatively impact individuals squeezing them more financially. Let’s look at some student loans stats. There are currently $1.75 TRILLION (yes with a…

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