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NAHB: Home Builder Confidence Ticks Up in April

Real Estate , ,
The national reading for home builder confidence rose one point to an index reading of 83 in April; the National Association of Home Builders predicted a reading of 84. Component readings for April’s national index readings were mixed.  Builder confidence in current market conditions for single-family homes rose one point to 88. Builder confidence in market conditions for single-family homes in the next six months fell two points to 81 but homebuilder confidence in buyer traffic in new home developments rose two points to an index reading of 75. Readings over 50 indicate a majority of builders are positive about…
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It’s Almost Spring Cleaning Time! Kick Clutter To The Curb With These Home Cleaning Tips

Around The Home , ,
Spring is around the corner, and it's time to get your home in order! Spring cleaning can be fun and easy if you follow some general guidelines, which are sure to get your home ready for the nice weather and looking as beautiful as the weather is about to. Kick the winter clutter to the curb with these spring cleaning tips. Start With The Closets Spring is here, and winter wear is no longer needed! It's time to box up all of the winter boots, jackets, gloves, and scarfs until next season. Starting your spring clean with your closets is…
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3 Easy Ways to Put Aside a Bit of Extra Cash So You Can Pay off Your Mortgage Faster

Home Mortgage Tips , ,
If your personal budget is similar to many other people's budgets, your home mortgage payment is by far the largest expense that you pay for each month. In fact, this payment may easily account for 20 or 25 percent or more of your take-home income. Understandably, you may be focused on trying to pay this expense off early. By focusing on this payment, you can build equity and may be able to achieve financial security more quickly. You simply have to find a way to put aside a bit of extra cash regularly so that you can make extra payments,…
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Boosting Your Credit Score To Qualify For Better Rates

Mortgage , ,
The better your credit score, the better the mortgage interest rate for which you should qualify. That can mean thousands of dollars saved over the life of the mortgage. If your credit score needs improving, get started prior to your search for a new home. Pay Bills On Time The simplest way to boost your credit score is by ensuring your bills are always paid on time. Nothing harms a credit score more than late payments. Check for Credit Report Errors Check your credit reports for any errors. These issues are not uncommon, and can really impact your score. Each…
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What’s Ahead For Mortgage Rates This Week – April 12, 2021

Financial Reports , ,
Last week’s economic reporting included readings from the Federal Reserve’s Federal Open Market Committee and a speech given by Fed Chair Jerome Powell. Weekly reports on mortgage rates and jobless claims were also released. FOMC Minutes: Fed’s Monetary Policy Stance to Remain “Accommodative” The Federal Open Market Committee of the Federal Reserve released minutes of its meeting held March 16 and 17. The meeting minutes indicated split opinions on the U.S. economy’s outlook. Several members expected inflation to rise due to constricted supply chains and high demand for goods and services. This scenario resembles trends in residential real estate where…
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The Three Essential Habits That Successful Home Buyers Must Embrace

Home Buyer Tips , ,
Whether you are preparing to purchase your first home or it has been many years since you last walked through the home buying process, you may be starting to feel overwhelmed at the thought of all of the work that lies in front of you. From concerns about finding the right home to the physical act of relocating all of your belongings after the closing, there is certainly a lot to think about. While each home buying transaction is unique, the most successful home buyers have typically adopted a few behaviors. You may keep these in mind to help you…
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Looking at Home Mortgage Refinancing in 2021

Mortgage , ,
In 2019 many people expected that the home lending market was going to eventually grow more expensive. Instead, 2020 spent its entire 12 months becoming more affordable when it came to financing a personal home, moving in the opposite direction of what was expected. Not only did the loan cost drop break previous records, but it also presented an additional opportunity for homeowners to reposition and take advantage of lower borrowing costs again. The General Advantages of a Home Loan Refinance The refinancing of a mortgage has traditionally been three-fold. First, it is a chance to re-negotiate the loan on…
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VA vs FHA vs USDA What’s the Difference?

Mortgage , ,
You may have more options than you think when it comes to securing a mortgage for your new home. While many buyers opt for conventional financing, another option or program might be a better choice for you, depending on your personal and financial situation. Learning more about FHA, USDA, and VA loans ensures you get the best possible deal for your mortgage and that you secure the loan that you need for your new home. Here’s what you need to know about these useful mortgage options. FHA Loans These are traditional mortgages that are backed by the FHA: when you…
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Suffering from Credit Problems? Understanding Mortgage Lenders and How They Assess Your Credit

Home Mortgage Tips , ,
One of the most significant factors a mortgage lender will review when you apply for a new mortgage loan is your credit history and rating. While some people have stellar credit, others have a troubled credit history with lower scores. If you fall into the latter scenario, you may be wondering how lenders will assess your credit situation when you apply for a mortgage in the near future. Reviewing Your Credit Scores Initially, lenders will review your credit report to determine your credit scores. Your scores will have a direct impact on the interest rate that you qualify for or…
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What’s Ahead For Mortgage Rates This Week – April 5, 2021

Financial Reports , ,
Last week’s economic reports included readings on home prices, pending home sales, and construction spending. Data on public and private-sector employment and the national unemployment rate were published along with weekly readings on mortgage rates and jobless claims.  vLast week’s economic reports included readings on home prices, pending home sales, and construction spending. Data on public and private-sector employment and the national unemployment rate were published along with weekly readings on mortgage rates and jobless claims. Last week’s economic reports included readings on home prices, pending home sales, and construction spending. Data on public and private-sector employment and the national unemployment…
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