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Homebuyers are clamoring to capitalize on the lowest interest rates in almost a year, driving total mortgage application volume 9.9 percent higher last week. The Mortgage Bankers Association’s seasonally adjusted weekly index is still 19 percent lower than the same week last year, due to lower refinance volume. The week’s results included an adjustment for
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Mortgage applications finally moved slightly higher last week, spurred by refinancers, as interest rates moved decisively lower. Total mortgage application volume increased 3.3 percent, from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted report. Volume remains 23 percent lower than the same week one year ago, when rates were even lower. After
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Aug 29, 2017 How to Break Your Apartment LeaseYou didn’t see it coming when you signed the yearlong lease on your apartment five months ago, but for whatever reason – be it a new job in a different city, money troubles or a dispute with your roommate – you’re looking to move sooner rather than later. Without a legal basis for doing so, breaking a
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Aug 18, 2017 7 Steps To Take Before Buying Your First HomeBuying a home to call your own a significant milestone in the journey of adulthood. For some, it represents more of an ingrained belief than a purely financial decision. For others, it’s a goal they’ve been working towards for a long time. So, if you’ve made the decision that purchasing a home is important both
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Aug 03, 2017 Millennial Homeownership Rate IncreasesRecent headlines exclaimed the homeownership rate, as reported by the Census Bureau, rose again in the second quarter of 2017. What didn’t get much attention in the reports is that the homeownership rate for American households under the age of 35 increased a full percentage point from last quarter’s 34.3% to 35.3%. Millennials proved to have the
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Aug 02, 2017 Should You Sell Your Home When You Retire?Deciding whether to sell your home when you retire is a complicated question for most people. You’ve got lifestyle issues on one side of the ledger and financial realities on the other. Many people put their quality-of-life first when making this decision, says Jamie Hopkins, retirement income co-director at The American College for Financial Services
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