(From The Detroit Free Press) Going out to buy a new or used car later this summer? Ever imagine that you might want to refinance that car loan soon after you buy a car? Most of us only think about refinancing when it comes to a mortgage. But credit unions and banks will give you … Continue reading Refinancing your car loan could save you this much money a month
(from U.S. News & World Report) With more than 44 million student loan borrowers in some stage of repayment, there’s a considerable amount of interest in the Trump administration’s higher education policies. The White House announced two months ago its plan to combine the Department of Education and the Department of Labor to form the Department of … Continue reading How the Trump Administration May Reform Student Loans
So far in 2018 the 30-year-fixed has averaged 4.44%, up from 3.99% in 2017 (from MarketWatch, August 10, 2018) The 30-year fixed-rate mortgage averaged 4.60% in the Aug. 9 week, according to Freddie Mac’s weekly survey, down one basis point. The 15-year fixed-rate mortgage averaged 4.05%, down from 4.08%. The 5-year Treasury-indexed hybrid adjustable-rate … Continue reading Mortgage rates tick down as more home buyers choose to wait it out
Mortgage applications and rates were stagnant last week.
For the first time in nine years, the Federal Reserve voted to increase interest rates.
Home prices are still rising, but at a much slower rate.
Housing starts rebound in November after a poor October.
Here are five housing market predictions for 2016.
MBA offers their predictions for the rest of 2015, 2016 and an early look at 2017.
Fannie Mae announced a new program designed to make the mortgage application process easier and less risky for lenders.