Mortgage rates are near their lowest levels of 2014 with many consumers reporting loan APRs in the 3s. However, as mortgage rates have dropped, closing costs have climbed. According to Bankrate.com, mortgage closing costs are 6 percent higher as compared to last year....
Sean Gibbons, 28, has a college degree and makes $65,000 a year as a contract worker for Microsoft. At his age and income, economists might expect him to buy a house of his own, or at least a condo. Instead, Gibbons is paying about $600 a month in rent to live with...
Some people don’t know the first thing about getting a mortgage loan. They hear reports of dropping interest rates and lower home prices and hastily decide to jump into home ownership. But the process of getting a home loan differs from getting a car loan or renting...
An upbeat Freddie Mac housing forecast released Wednesday predicts an increase in housing starts and demand for single-family homes, despite a projected 0.8 percent increase in interest rates by the end of 2015. Freddie Mac’s monthly U.S. Economic and Housing...
There is often much confusion over the difference between a relocation appraisal and a traditional mortgage appraisal, and the intended use of each. Relocation appraisals come into play when a seller is moving as the result of a corporate relocation, and is part of...
For the last couple of years, San Francisco has been erupting with periodic protests aimed, rather imprecisely, at a nexus of grievances related to gentrification, affordable housing, transportation, the tech industry, newcomers to the city, its changing skyline and...