Tag Archive: borrowers

Is It Really Better to Buy a Home When Interest Rates Are Low?

September 1, 2014 by Leave a comment

With interest rates still low, many people remain interested in purchasing a home whether it’s their first one or second. The cost of doing so can be affordable and in a recent North Shore Bank/GMAR Home Affordability Report, shoppers in the second quarter could still buy a home with a small monthly payment as compared to late in... View Article

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Four Reasons Why You Shouldn’t Clean Out Your Savings When Buying a Home

August 18, 2014 by 1 Comment

At a certain point in life, you’ll start to see many of your peers become homeowners. They’ve graduated from living with their parents or living in a small apartment and now have spaces of their own to call home. While you might be tempted to join them right away, there are several reasons why doing so without a... View Article

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Mortgage Lending Has Dropped to a 17 Year Low

July 23, 2014 by Leave a comment

At the end of the first quarter, U.S. mortgage lending hit $226 billion—a 17-year low that was last seen in 1997, according to the Mortgage Bankers Association. This came amid increasing interest rates and rising home prices, pushing borrowers away. It also had the country’s two biggest mortgage lenders, JPMorgan Chase & Co. and Wells Fargo, reporting that... View Article

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