Blog – Page 512 of 565

11 Sep 2018

4 Things You Should Know About Conventional Mortgage Rates

Securing the best conventional mortgage rate possible can pose a challenge for even veteran property buyers. Your mortgage rate will be determined by a variety of factors that pertain to your unique financial portfolio as well as economic forces. While no one has full control over all of the things that influence the process, understanding the manageable aspects can improve your negotiation position when securing a conventional mortgage. Consider these four things that impact how conventional mortgage rates are determined. 1: Credit Is King A borrower's credit score has a tremendous impact on the final mortgage rate. The general rule…

What’s Ahead For Mortgage Rates This Week – September 10th, 2018

Financial ReportsConstruction, Interest Rates, Mortgage Rates

Last week's economic news included readings on construction spending, along with public and private-sector jobs growth. The national unemployment rate, weekly reports on mortgage rates and new jobless claims were also released. Construction Spending Rises in July July construction spending ticked up to 0.10 percent from June's negative reading of -0.80 percent. Year-over-year, construction spending was 5.80 percent higher than for July 2017.Public-sector construction accounted for most of the growth and increased by 0.70 percent as private-sector construction projects decreased by -0.10 percent. Month-to-month spending readings can be volatile, but analysts said that construction spending for the first seven months…

Want To Buy A Home? Here’s How You Can Save Your Own Down Payment

Real EstateDown Payment, Real Estate, Save Money

Burdensome student loan debt and a penchant for purchasing new electronics by 20- and 30-somethings can make saving up for a down payment on a home seem impossible. But Millennials and other potential home buyers may be surprised to discover that previous generations had money-saving challenges of their own. Consider for a moment that many of our valued elders did not have the level of opportunity to attend college and earn a high-paying job. Look further back and you may realize that the Greatest Generation suffered through the Great Depression only to fight World War II. Somehow, these outstanding Americans…