Buyers are about to have an easier time scoring a mortgage to purchase a condo. A new policy announced this week should significantly expand the number of individual condo units as well as condo developments eligible for Federal Housing Administration financing. The government-backed mortgages are popular with first-time buyers because they require as little as 3.5% […]
How Touring Open Houses Will Help You See Your Own Home in a Whole New Light
Want to learn how to sell your house? Simple: Put on your buyer hat and tour a bunch of homes for sale in your area. That’s what I did, and I learned a ton about how to sell my own place. I’d bought my cozy one-bedroom condo in Irvine, CA, three years ago; it was perfect for […]
Mortgage Rates Fall Sharply as Trade Concerns Mount
Mortgage rates dropped significantly over the past week as concerns related to the ongoing trade dispute with China and the overall health of the economy dominated headlines. The 30-year fixed-rate mortgage averaged 3.6% during the week ending Aug. 8, down 15 basis points from the previous week, Freddie Mac reported Thursday. This is the lowest mortgage […]
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