by Jim Crowder | Mar 24, 2014 | HOUSING MARKET
Many baby boomers are turning to reverse mortgages for extra income, according to recent data. Loan percentages are expected to increase over the next several years as 77 million baby boomers make their way into retirement, and new reverse mortgage rules have been put...
by Jim Crowder | Mar 21, 2014 | HOUSING MARKET
Mortgage rates fell this week after last week’s increase, according to Freddie Mac’s Primary Mortgage Market Survey. The 30-year, fixed-rate mortgage fell 0.5% averaging 4.32% nationally this week. While the 15-year, fixed-rate mortgage also declined 0.6%,...
by Jim Crowder | Mar 20, 2014 | HOUSING MARKET
New data released by TransUnion states that, as hiring increases and the housing market continues to improve, more consumers are making mortgage payments a priority once again. An increasing number of homeowners are beginning to pay off their mortgages instead of...
by Jim Crowder | Mar 19, 2014 | HOUSING MARKET
The number of Americans who want to buy a home this year is growing, but following through with the act may be a difficult task. Zillow’s chief economist Stan Humphries said, “the dream of homeownership remains very much alive and well, but these...
by Jim Crowder | Mar 18, 2014 | HOUSING MARKET
According to the National Association of Home Builders, home builder sentiment in the United States increased this month. The NAHB/Wells Fargo Housing Market index jumped one point from last month averaging 47, still lower than many economists had predicted for March....
by Jim Crowder | Mar 17, 2014 | HOUSING MARKET
According to reverse mortgage rules, when the owner of a home enrolled in a reverse mortgage moves out of the current home or passes away, the loan payoff is due shortly after, leaving many heirs in a complicated financial situation. Experts are encouraging people to...
