NAHB: Home Builder Confidence Rises in May
Posted Wednesday May 17, 2017 in Mortgage Rates
The National Association of Homebuilders reported a two-point increase in builder confidence in May. The NAHB Housing Market Index reading increased from 68 in April to 70, which was the second-highest reading since the economic recovery started. May’s reading exceeded analyst expectations of a flat reading for May. Builder confidence rose as demand for homes continued to rise; this factor overrode builder obstacles including higher prices for lots and ongoing labor shortages. A new tariff on lumber was also expected to dampen builder confidence.
3 Simple Home Security Upgrades That Will Help to Deter Burglars
Posted Tuesday May 16, 2017 in Around The Home
Whether you’re going on an extended holiday or are just concerned about security in your neighborhood, you might be curious about the best ways to pursue safety in your home. If you’re wondering how you can successfully stave off theft without a high price tag, here are some tips for protecting your property.
What’s Ahead For Mortgage Rates This Week – May 15, 2017
Posted Monday May 15, 2017 in Mortgage Rates
Last week’s economic reports included readings on inflation and core inflation, retail sales and consumer sentiment. Weekly reports on new jobless claims and mortgage rates were also released.
You Ask, We Answer: What Are the Pros and Cons of Private Mortgage Insurance?
Posted Friday May 12, 2017 in Home Mortgage Tips
It’s easy to get Private Mortgage Insurance (PMI) confused with homeowners’ insurance, but PMI is an entirely different thing that may or may not be necessary when it comes to your home purchase. If you’re going to be investing in a home in the near future and are wondering what PMI may mean for you, here are some things to consider regarding this type of insurance.
3 Classic Credit Mistakes to Avoid If You’re Trying to Secure a Mortgage Loan
Posted Thursday May 11, 2017 in Home Mortgage Tips
The mortgage application process can be fraught with a lot of stress on its own, but if you’ve experienced issues with your credit in the past it can be even more taxing. While there may be a lot of things you may not be aware of when it comes to their impact on your credit, here are some things to watch out for if you’re planning on purchasing a home in the short-term future.
What Fees Are Involved With a Reverse Mortgage? Let’s Take a Look
Posted Wednesday May 10, 2017 in Home Mortgage Tips
Investing in a home may be one of the most significant purchases you’ll make in your lifetime, but many people forget that there are a number of other costs associated with buying a home. If you’re considering a reverse mortgage and want to be clear on all of the fees involved, here are a few things you can expect to come across.