What Do You Need To Know About Buying & Selling During The Pandemic?
(CrossCountry Mortgage, LLC NMLS #3029)
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For those who are thinking about buying or selling a home during the pandemic, they may feel like this is a difficult task. Even though it is true that this is going to be a challenge, people are able to increase their success rate by adapting to a new environment. When it comes to buying or sell...
Should I Shorten My Mortgage Term, Important Factors To Consider
(CrossCountry Mortgage, LLC NMLS #3029)
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When you first bought your home a few years ago, perhaps you started off with a 30 year mortgage. Now, you are considering refinancing and changing it to a 20 year or even a 15 year mortgage.Shortening your mortgage term and refinancing can be a smart financial move, but before you make this deci...
How To Retain Your Sanity While Working From Home
(CrossCountry Mortgage, LLC NMLS #3029)
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There are a lot of people who enjoy working from home; however, with the COVID-19 pandemic, many people who are not used to working from home are forced into this new arrangement. It can be hard for individuals o stay focused when they are stuck in the environment at home. Particularly if the kid...
What’s Ahead For Mortgage Rates This Week – March 30th, 2020
(CrossCountry Mortgage, LLC NMLS #3029)
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Scheduled monthly readings were released for new home sales and consumer sentiment. Weekly readings on mortgage rates and new jobless claims were also released.New Home Sales Beat Expectations in FebruarySales of new homes dropped 4.40 percent in February after reaching a 13-year high in January....
What’s Ahead For Mortgage Rates This Week -March 23rd , 2020
(CrossCountry Mortgage, LLC NMLS #3029)
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Last week’s economic reports included readings from the National Association of Home Builders on housing market conditions, Commerce Department readings on housing starts and building permits issued and National Association of Realtors® reporting on sales of previously-owned homes.The Federal Re...
More Than 25% Of Millennial Homebuyers May Be Financially Unprepared
(CrossCountry Mortgage, LLC NMLS #3029)
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Millennials are the first generation in America that will probably not be able to do as well as their parents. In the United States, there is not as much upward mobility as there was in the past. What is the cause of this?CNN reports that Millennials have more college degrees than their parents. ...
What’s Ahead For Mortgage Rates This Week - March 2nd, 2020
(CrossCountry Mortgage, LLC NMLS #3029)
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Economic readings released last week included Case-Shiller and FHFA Home Price Indices and reports on new and pending home sales. The week wrapped up with a report on consumer sentiment and weekly readings on mortgage rates and new jobless claims.Case-Shiller, FHFA Report Faster Home Price Growth...
What’s Ahead For Mortgage Rates This Week -February 24th, 2020
(CrossCountry Mortgage, LLC NMLS #3029)
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Last week’s scheduled economic reporting included readings on builder confidence in housing markets, housing starts and building permits issued and sales of previously owned homes. Weekly readings on mortgage rates and first-time jobless claims were also released.NAHB: Builder Confidence Remains ...
Considering A Reverse Mortgage? Understand These Points First
(CrossCountry Mortgage, LLC NMLS #3029)
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There are many individuals who end up on a fixed income once they reach a certain age; however, their expenses aren’t always fixed. Sometimes, there is a large medical expense. In other cases, someone might need money for a new car or a home repair. In the event that someone needs cash quickly, o...
What’s Ahead For Mortgage Rates This Week -February 10th, 2020
(CrossCountry Mortgage, LLC NMLS #3029)
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Last week’s economic news included readings on construction spending and public and private-sector job growth. Weekly readings on mortgage rates and first-time jobless claims were also released.Construction Spending Dips in DecemberOverall spending on public and private-sector construction spendi...
What’s Ahead For Mortgage Rates This Week -February 3rd, 2020
(CrossCountry Mortgage, LLC NMLS #3029)
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Last week’s economic reports included readings on home prices, new and pending home sales and a statement from the Federal Reserve’s Federal Open Market Committee. The University of Michigan issued its monthly statement on consumer sentiment and weekly reports on mortgage rates and first-time job...
Eight Signs You’re Ready To Stop Renting And Buy A Home
(CrossCountry Mortgage, LLC NMLS #3029)
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For many people, owning a home is seen as a rite of passage. At the same time, purchasing a home is expensive. As a result, many people end up renting for an extended period of time.Here are a few signs that someone is ready to stop renting and purchase a home.1. Rental Prices Keep Going UpYear a...
Case-Shiller Reports Growth In Home Prices In November
(CrossCountry Mortgage, LLC NMLS #3029)
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Case-Shiller Home Price Indices reported that national growth of home prices rose by 0.30 percent in November. Analysts said that slim inventories of available homes boosted home prices. Whether or not home price growth continues gaining speed depends on variables including supplies of homes for ...
What’s Ahead For Mortgage Rates This Week – January 27th, 2020
(CrossCountry Mortgage, LLC NMLS #3029)
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Last week’s economic reporting was slim due to the observance of the Martin Luther King Jr. holiday. The National Association of Realtors® reported on sales of previously owned homes and the Veterans Administration announced changes to its home loan programs. Weekly reports on mortgage rates and ...
Owning a home comes with major responsibilities and also offers major questions. One of the biggest questions that people will have to answer is whether or not they want to take out a home warranty. In order to decide whether a home warranty is worth it, it is important to first understand what a...
How A Reverse Mortgage Can Help With Long-Term Care
(CrossCountry Mortgage, LLC NMLS #3029)
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Anyone who has paid attention to the TV recently has likely seen a lot of commercials for something called a reverse mortgage. For those who might not know, a reverse mortgage is exactly that. In this option, people receive monthly payments from a lender in exchange for equity in their homes. In ...
What’s Ahead For Mortgage Rates This Week – January 13th, 2020
(CrossCountry Mortgage, LLC NMLS #3029)
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Last week’s economic reports included readings on public and private sector jobs, the national unemployment rate and weekly readings on mortgage rates and new unemployment claims.ADP: Private-Sector Job Growth Eases in DecemberPrivate-sector jobs increased by 202,000 jobs in December and exceeded...
What’s Ahead For Mortgage Rates This Week – December 30th, 2019
(CrossCountry Mortgage, LLC NMLS #3029)
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Last week’s economic reports were limited due to the Christmas holiday. New home sales data was released along with a weekly reading on mortgage rates.Census Bureau: New Home Sales Hit Highest Level Since 1999Mortgage rates below 4.00 percent propelled the highest number of new homes sold since 1...
Tips On How To Get The Home You Want In A ‘Seller’s Market’
(CrossCountry Mortgage, LLC NMLS #3029)
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A “seller’s market” happens when there are more potential buyers than homes for sale. In a seller’s market, people looking for a home may feel frustration and not easily find the home that they want. When they find a home for sale that they like, the seller of the home may receive multiple compet...
What’s Ahead For Mortgage Rates This Week – December 23rd, 2019
(CrossCountry Mortgage, LLC NMLS #3029)
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Last week’s economic reports included readings from the National Association of Home Builders on housing markets; the National Association of Realtors® released data on sales of previously-owned homes and the Commerce Department released readings on housing starts and building permits issued. Wee...
What’s Ahead For Mortgage Rates This Week – December 9th, 2019
(CrossCountry Mortgage, LLC NMLS #3029)
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Last week’s economic reports included readings on construction spending and multiple labor sector reports including private and public sector jobs and the national unemployment rate. Weekly reports on average mortgage rates and first-time jobless claims were also released.Construction Spending Fa...
What’s Ahead For Mortgage Rates This Week – November 18th, 2019
(CrossCountry Mortgage, LLC NMLS #3029)
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Last week’s economic reporting included readings on inflation, testimony by Federal Reserve Chair Jerome Powell, and weekly readings on mortgage rates and new unemployment claims.Rising Gas Prices Fuel Jump in InflationConsumer inflation increased at its fastest pace in seven months according to ...