President Donald Trump is pushing the U.S. Federal Reserve to drop interest rates down to nothing—or even go negative—ahead of the Fed’s meeting next week. That could have a big impact on the housing market, particularly for home buyers seeking cheap mortgages. “INTEREST COST COULD BE BROUGHT WAY DOWN,” Trump tweeted on Wednesday.”The USA should always be […]
A Homeowner’s Guide to HOAs: Homeowners Associations, Explained
Table of contents: What is a homeowners association? How much are HOA fees? What is an assessment? HOA rules: What to expect What are CC&Rs? Common restrictive covenants When to review your CC&Rs Can you change restrictive covenants? What happens if you violate HOA rules or can’t pay your HOA fees? Pros and cons of an […]
Condo Buyers Will Soon Have an Easier Time Scoring a Mortgage
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% […]
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