Selling a house takes, well, salesmanship. In other words, you have to prep your house so it looks its best. You have to open your door to strangers who’ll traipse through your home, open closets, and ask all kinds of questions. And, you have to do all of this without getting annoyed or overly emotional! […]
The 4% Mortgage Is Back
Mortgage rates are fast approaching 4%, a rate low enough that economists and lenders believe it will help jump-start the housing market again. The average rate on a 30-year fixed mortgage fell to 4.06% this week, its lowest since January 2018, according to data released Thursday by Freddie Mac, the mortgage-finance giant. The rate was down nearly […]
Glossary of Homeownership Terms & Definitions
A – C A adjustable-rate mortgage (ARM) A mortgage loan with an interest rate that changes during the term of the loan based on the adjustment period. amortization A loan calculation that shows how principal and interest are paid off over a set period of time. amortized A loan in which the payments are spread […]