According to data from the most recent Origination Insight Report by Ellie Mae, the average FICO® score on closed loans reached 753 in February. As lending standards have tightened recently, many are... Read More
Freddie Mac recently released their Quarterly Refinance Statistics report which covers refinances through 2020. The report explains that the dollar amount of cash-out refinances was greater in 2020... Read More
For generations, the homebuying process never really changed. The seller would try to estimate the market value of the home and tack on a little... Read More
When thinking about selling, homeowners often feel they need to get their house ready with some remodeling to make it more appealing to buyers. However,... Read More
Last year started off with a bang. Unemployment was under 4%, forecasters were giddy with their projections for the economy, and the residential housing market had... Read More
There are many financial and non-financial benefits of homeownership, and the greatest financial one is wealth creation. Homeownership has always been the first rung on the... Read More
Today’s homebuyers are faced with a strong sellers’ market, which means there are a lot of active buyers competing for a relatively low number of available homes. As... Read More
Spring is almost here, and many are wondering what it will bring for the housing market. Even though the pandemic continues on, it’s certain to... Read More
Last Thursday, Freddie Mac announced that their 30-year fixed mortgage rate was over 3% (3.02%) for the first time since last July. That news dominated real estate headlines... Read More
Last March, many involved in the residential housing industry feared the market would be crushed under the pressure of a once-in-a-lifetime pandemic. Instead, real estate had... Read More
When selling a house, most homeowners hope for a quick and profitable transaction that puts them in a position to make a great move. If... Read More
Last year, many homeowners thought twice about selling their houses due to the onset of the health crisis. This year, however, homeowners are beginning to... Read More