18 Feb New FICO Model Could Change Scores by 20 Points – for Better or Worse…
It was just announced that coming this summer, FICO will be changing the formula for how credit scores are calculated. With about 90 percent ...
10 Dec New Increased Loan Limits Effective in 2020: What Does this Actually Mean?
Just before the end of November, the Federal Housing Finance Agency (FHFA) announced new maximums for 2020 conforming loan limits on mortgages...
15 Oct Best Practices for Refinancing Your Home While Rates Are Low
Buyers aren't the only ones who can benefit from low mortgage rates. Homeowners can also take advantage. Whether 'to refinance or not?' is a common question when mortgage rates are low....
17 Sep Mortgage Rates Are Low. So Why Isn’t Everyone Buying?
Interest rates continue to drop, mortgages are holding a historical low, wage growth is slowly increasing while unemployment percentages remain low, consumerism is healthy and the economy is at a strong point – the housing market is booming! Except, it isn’t.So what’s the deal? ...
21 Aug Lower Rates Create New Opportunities for Buyers and Homeowners
At the end of July, Chairman Jerome Powell announced a cut in interest rates for the first time in over a decade. The Federal Reserve made a cut of 0.25 percent or 25 basis points – the first such move since the December 2008 financial...
16 Jul Low Mortgage Rates Will Boost Summer Home Sales
Mortgage rates in the USA are currently at a low and it’s having a great impact on our housing markets. On June 13th Freddie Mac reported that the average interest rate...
11 Jun The Mortgage Myth Stopping 1 in 3 People from Trying to Buy a Home
New reporting found that 1 in 3 people who plan on purchasing a home in the next three years think the outdated requirement of needing 20% down to purchase a home is still true. This misconception has kept an astonishing 70% of those potential homebuyers...
08 May How is your Credit Rating vs. The Rest of America?
The average credit score of American’s is now 700, this is the highest level since the Great Recession. That means if your score is above 700, you are doing better than 50% of the population. This number has a direct impact on what it will...
09 Apr Mortgage Trends and Predictions for 2020
Like any industry, there are trends in the popularities of different home loans. With mortgage rates expected to slowly rise throughout the remainder of the year...
13 Mar How’s the market? Highlights in this March 2019 Real Estate and Mortgage Flash Report
It's officially spring time and forecasts for the housing market are looking bright. Experts are saying California real estate may outpace the nation. Zillow predicted we could see a 7.3% increase in home values in 2019. How would that growth impact your interest in real...