Zero-down mortgages are making a comeback

A new zero-percent down mortgage program has been launched by a major lender, allowing buyers to pay 97% of the home's value with a first mortgage and the remaining 3% in a second mortgage. Some experts are concerned about potential risks if home prices drop, leading to homeowners being underwater. Continue to full article

Locking in a home equity loan rate could be beneficial despite cooling inflation. Experts suggest it can protect against future rate increases and offer lower rates compared to other loans. Using a home equity loan to pay off high-interest debt could result in significant savings. Continue to full article

Common beliefs about mortgage rates following Fed rates or the 10-yr Treasury yield are often incorrect. The Federal Funds Rate influences but doesn't dictate mortgage rates.

The “Hometown Heroes Loan Program” is a type of financial assistance initiative often implemented by local governments or lending institutions to provide support to individuals who serve the community in essential roles. These roles typically include firefighters, law enforcement officers, teachers, healthcare workers, and emergency medical technicians, among others. The program typically offers special benefits…

Proper home maintenance can prevent claims and keep premiums low, and it includes cleaning gutters, maintaining sump pumps, and salting driveways in winterBundling your home, auto, and other insurance policies with the same company can lead to discounts.

Get fully pre-approved early to lock in rates for 60-90 days. Put down a larger down payment, typically 20% or more.

Speak to friends, local business owners, and check for "sold" signs in desired neighborhoods.Look for agents who’ve successfully closed transactions in the area where you’re looking to buy.

Shop around for mortgage rates and explore government loan options. Consider assuming a seller's existing mortgage or buy down your interest rate.

Florida metros dominate the best places for buyers in Zillow’s new market heat index. Despite a national trend of more inventory in some areas, the US remains a seller's market overall.

Higher home prices and mortgage rates aren't the only rising numbers in the housing market post-COVID-19. The average down payment for a median-priced home has increased significantly since pre-pandemic days. Climbing mortgage rates and market dynamics are driving buyers to put more money down, with the pandemic leading to a rise in down payments. Despite…