Mortgage Trend

As a homeowner, when you decide it’s time to move on — maybe you’re relocating, moving your growing family to a bigger house, or looking to downsize — you don’t always need to sell your current home in the process. Sometimes, buying a second home while renting out the first …

Wall Street rallied hard Friday morning in response to May’s stunning jobs report. The Labor Department data shows that employment went up by 2.5 million in May. That brings us to an unemployment rate of 13.3%. That is significantly better than the 19.5% rate predicted by economists and the 14.7% …

With the economic and health impact of COVID-19, many companies are allowing remote employees to work-from-home indefinitely. This leaves both homeowners and renters with many options. For example, you may not have to live within easy commuting distance of your job if you no longer need to commute! Maybe remote …

It’s nice to live in a home with a new kitchen, extra bathroom or a sweet DIY deck. But home improvement projects are also home equity builders. Think of them as home “investments” that can increase the difference between your home’s market value and the money you still owe.    …

The housing market shook off a dismal April with a big-time comeback in May. The Mortgage Bankers Association reports that purchase applications were up another 9% week-over-week. That’s the sixth straight week we’ve seen purchases increase. That is a welcome relief after the doozy that was the month of April. …

Refinancing can be a great money-saving move. But it can also impact your taxes both positively and negatively.  From a tax implication perspective, refinancing is viewed differently than an initial mortgage. Because it’s seen as “debt restructuring,” the deductions and credits that can be claimed with a refinance aren’t as …

We recently covered the topic of how soon you can refinance after buying a new home. Now, let’s address how frequently you can — or should — explore the option of refinancing. The simple answer is that you can refinance your home as often as you’d like — although we …

April was not pretty for the housing market. Existing home sales were down 17.8% month-over-month and 17.2% year-over-year, according to the latest data from the National Association of Realtors. That’s the slowest sales rate since September 2011. No buying means no moving which means inventory continues to struggle. According to …

Statements like “interest rates are at record lows” make for good headlines. And they certainly motivate prospective renters to get up off the couch, shift their house hunting into a higher gear, and take advantage of the current low, low rates.  Maybe you’re pre-approved for a home loan and you’re …