Significant events happen in the mortgage market every day. Lending rules change constantly, and rates are always in flux. We give you the news, but also the “so what” factor: how market changes affect your home finance plans. Whether you plan to buy or refinance, our reports will help you make the best decisions and lower your homeownership costs.
September 25, 2017
Editor’s Note: The HARP program expired Dec. 31, 2018, but most homes have increased in value considerably since HARP rolled out. This means many homeowners may currently be eligible for […]
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August 28, 2017
Editor’s Note: The HARP program expired December 31, 2018, and a popular replacement option, the Freddie Mac Enhanced Relief Refinance (FMERR) loan expired September 30, 2019. However, Fannie Mae’s High […]
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July 28, 2017
After a strong month of sales in May, existing home sales dipped back down this past month. It was caused by the shortage of available homes on the market, the […]
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July 26, 2017
The Fed’s most recent two-day meeting concluded on July 26, and they have decided to keep everything the same for the next six weeks or so. However, their decision could […]
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July 21, 2017
Rates have been gradually dropping over the past few months, but June saw some of the lowest mortgage rates of the year. As a result, June ended up having a […]
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July 14, 2017
While there is still a seller’s market for housing, home buyers are starting to have a more positive outlook for the next year. In June, the overall sentiment for buying […]
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July 7, 2017
After a few months of mixed economic news, June has provided some very positive news regarding the future of the economy. Last month, there were 222,000 jobs added to the […]
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June 23, 2017
Existing home sales rebounded after a weak April, rising higher despite the growing prices of homes. This means that home buyers are managing to find, and buy, homes in a […]
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June 21, 2017
Mortgage rates have been dropping for the past few months. In May, rates dropped far enough to decrease the average rate for all closed loans by eight basis points (0.08%). […]
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Home Buying · Mortgage Rates · Mortgage Strategy · News
June 14, 2017
After their two-day meeting concluded on June 14, the Federal Open Market Committee (FOMC) voted to raise the federal funds rate by one-quarter of a percentage point. This will increase […]
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Mortgage expert Tim Lucas has been helping home owners for over 12 years.
