The two biggest sources of mortgages for American home buyers plan to raise their base fees to counter what they see as continuing “adverse conditions’ in the real estate marketplace.
At the same time, however, Fannie Mae & Freddie...
This week, several reports will show us whether or not inflation is getting hotter. Thursday’s Consumer Price Index (CPI) report will show us inflation at the consumer level – that is, how much more expensive goods and services are for...
In a sign that the U.S. housing market may strengthen in the coming months, an index of sales contracts on previously owned U.S. homes rose 5.3% in June from the prior month, the National Association of Realtors reported Thursday. The index, wh...
First, the Don’ts:· Don’t Focus on small details – If you have a compelling offer, don’t jeopardize it by focusing on items such as who keeps the drapes.
· Don’t Dismiss offers out of hand – read and consider all offers; sell...
The Real Estate Corner
Q. What should we know about buying homeowner’s insurance?
A. Getting homeowner’s insurance should be a fairly simple process. Your goal is to get enough coverage to rebuild your house and replace the contents i...
Q. We‘re getting our home ready for sale. Should we have a pest inspection now and it really necessary?
A. The state of California and most lenders require that the seller or buyer obtain a Wood-Destroying Pest Inspection Report and Lender...
Several reports that are scheduled for this week could determine whether Bonds and home loan rates can manage a bigger comeback than they did last week. Definitely stay tuned for the Department of Labor’s big Jobs Report scheduled for Friday,...
A bill passed by the House on Wednesday will assist up to 2 million borrowers in danger of foreclosure by allowing them to refinance their current mortgages with a Federal Housing Administration (FHA)-backed loan. The bill also allocates fundin...