Mortgage Rates Roundup for Saturday, August 29, 2015

Mortgage rates fell this week as stock markets near and far went for a wild ride. Trouble for China’s economy  Unless you had no connection to the outside world, you know that China’s economy took a serious nosedive this week. It started last Friday and gained momentum on Monday and Tuesday. Markets across the globe […]

LeBron James Sells His Miami Mansion for $13.4M

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After playing for the Miami Heat for four consecutive seasons, LeBron decided to return to the Cleveland Cavaliers last year, listing his 12,178 square foot home in Miami’s Coconut Grove neighborhood for $17 million in October. After the property sat on the market for a few months, its price dropped to $15 million in March […]

Current Mortgage Rates for Friday, August 28, 2015

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It is Friday!  Huzzah and hurrah!  Stocks were all over the places, and bonds were along for the ride.  To wit: the yield on 10-year Treasuries was as low as 1.92% for a brief period early in the week, and peaked around 2.20% yesterday.  Currently yields are around 2.14% (give-or-take).  Mortgage backed securities traced a […]

Secrets to Buying a Home that Will Appreciate Over Time

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No one buys a home hoping its value will stay exactly the same for the next 30 years. In a healthy real estate market, most people just assume that their property will appreciate over time, even if only slightly. But, as many real estate investors already know, there are ways to pick out the most […]

How to Prepare for a Mortgage

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Sure, you would love to own your home. You’re definitely tired of renting, but before making the leap to home ownership, there’s one question you will need to ask and answer: how much house can I afford? Here are some basic tips to pin down the elusive answers concerning mortgage options, down payments, and budgeting […]

Current Mortgage Rates for Wednesday, August 26, 2015

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It was a pretty wild day yesterday.  The Dow was up a couple hundred points for most of the day, only to sell off at the end of trading, ending the day down over 200 points.  However, we did not see similar price action from Treasuries, which were down all day.  10-year Treasury yields rose from […]

What is the Fannie Mae HomePath?

Foreclosure Home For Sale Sign in Front of Beautiful House.

Fannie Mae takes many precautions to decrease the chance of properties with their mortgages foreclosing. However, it isn’t possible to stop all foreclosures. So when it inevitably does happen, the best thing is to sell that home quickly. That’s the goal of the Fannie Mae HomePath program—to resell foreclosed homes in a timely manner so as […]