Monthly Archives: September 2015

Mortgage applications leap as Fed sticks with low interest rates

Mortgage application numbers shot skyward last week, after the Federal Reserve decided not to raise interest rates. The number of total applications jumped 13.9 percent in the week ending on September 18 compared to the previous week.  The boom was driven by … Continue reading

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Mortgage rates fall amid international turmoil

In bad news for the international economy but good news for those who are hoping to get into the housing market this summer, mortgage rates dropped recently due to economic crises in Greece and China. According to government mortgage finance company Freddie … Continue reading

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What millennials should know about getting their first mortgage

When looking to buy their first home, many millennials have little knowledge about the process of securing and paying a mortgage. Here are some important things they should know before they buy: Credit scores are important. Do you know your credit score? For … Continue reading

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Home sales increased in July with lower mortgage rates

According to Bloomberg Business, new home sales increased the most of any month this year in July. Sales jumped by 5.4 percent to a 507,000 annualized rate from June’s rate of 481,000, a Commerce Department report found. With the U.S. … Continue reading

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