Mortgage rates continued to spike this week in the aftermath of the election. Over the past few days, mortgage rates shot up to 4.02% on Tuesday, up nearly a percentage point since the presidential election, the rate spike is the highest since the 2013 and 1987 rate spike. The long-term interest rate hike was led […]
What Credit Score Is Needed To Buy A Home
Your credit score is the biggest factor in determining whether you’ll qualify for a loan and what kind of interest rate you’ll pay. Unless you’re paying cash for a new home, you will really need to boost your credit score in order to secure the best rates on a mortgage. If you’re buying a home […]
Home Buyers Prepare, Home Buying Can Be More Challenging This Year
We keep hearing news about interest rates shooting up this year and the tighter lending procedures here and there, and for a homebuyer who’s thinking of buying his/her first home or the next, is home buying these days can get any tougher? This year, analyst forecasts interest rates will shoot up to 5% and will […]
