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Quicken Loans
Beware of Mortgage Fraud
Mortgage fraud is a crime that's quickly on the rise. It can involve anyone in the home buying process from the buyer to the seller, the appraiser to the loan officer, and even the real estate agent. What is it and how can you avoid it happening to you?
Existing Home Sales Still Indicative of Housing Strength
Sales of existing homes dipped slightly last month; however, the market is still strong due to a growing economy and healthy job market. Long-term interest rates remain historically low and the Fed signaled a possible upcoming break from raising short-term interest rates.
April Home Sales Up; Strong Year Ahead
Sales of single-family homes were up almost five percent from last month. Steady job growth, a strong economy and low long-term interest rates continue to support a strong year for housing.
Rates Still Low, Hikes May Stop Soon
Applications for mortgages decreased last week. However, rates are still at a low level for home buyers and homeowners looking for a mortgage. Plus, the Federal Reserve has indicated that the rate hikes may pause soon which will give some relief to those with adjustable rates.
What Every Home Buyer Should Ask Themselves
Buying a home for the first time can be confusing, scary and overwhelming, especially since it is the largest asset many people will ever have. Knowing the basics can get you started on getting the right mortgage and into the home you want.
Relief from Rate Hikes Likely; Mortgage Applications Rise
The number of applications for mortgages rose for the week ending May 12, 2006. Interest rates are expected to stop rising soon which is good news for both homeowners and those looking to refinance.
New Housing Construction Eases from Record Levels
The amount of housing construction has eased a bit from the record levels of previous years. But the picture still looks good for the future of the housing market. Jobs are still strong and long-term rates are still pretty low.
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