Shopping for a mortgage is complicated and time consuming. You have lots of choices when it comes to financing a home, from loan programs, a span of interest rates and price options. You should be aware the mortgage world is comprised of four types of lenders: depositories, mortgage bankers, mortgage brokers and private money lenders.
On Friday afternoon, Charme Moreau Taksony and her dad Claude Moreau stand outside the 464-square-foot ‘ohana unit that the family built for Taksony in Skill Village. HJI / COLLEEN UECHI photo PĀʻIA — Claude Moreau affectionately calls his kids “boomerangers,” because they keep coming back to live with him. His son’s family of four moved
Santa Clara County and San Francisco, along with seven other local governments, are asking a federal judge to block the U.S. Department of Housing and Urban Development from placing “unlawful” conditions on federal funds — stipulations that could put millions of dollars to address homelessness at risk. The lawsuit, which is being led by King
How to use a bolt, nut, screw gauge Using a bolt, nut and screw gauge takes the guesswork out of your project, helping you quickly identify the exact size you need. Rates for home loans dipped, but consumers’ economic uncertainty continues to weigh down the housing market. In the week ending May 1, 30-year fixed-rate
Homebuyers continued to retreat last week despite relatively stable mortgage rates as broader concerns about the economy and labor market weighed on demand. Mortgage applications to purchase a home fell 4% from the previous week, according to the Mortgage Bankers Association — marking the slowest pace of activity since February. The seasonally adjusted index showed
Fannie Mae tightened the screws on every condo association in America after the 2021 Chaplain Towers collapse in Surfside, Florida, where 98 lives were tragically lost. Financial and operational standards must be met, or the association is blacklisted. That’s budgeting, financial reserves, acceptable property maintenance and the like. In industry parlance, these blacklisted associations are
Mortgage applications at Bank of America jumped 80% between January and March. Some of that is seasonality with the spring home-buying season kicking off, but not all. Typically the bank sees about a 60% increase in applications this time of year. In January, mortgage rates were hovering around 7%. By March, they’d come down closer to 6.5%.
Sam Drysdale | State House News Service BOSTON — State government leaders in Massachusetts are trying to instigate a building boom to address a housing shortage marked by high rents and sale prices, but a top housing official is now warning that headwinds from Washington could threaten their efforts. “The equity that’s often needed to
Existing home sales fall to lowest level since 1995 The latest home sales numbers painted a discouraging picture for the real estate industry as sales fell to the lowest level since 1995. Straight Arrow News Rising home prices in metro Phoenix are making it difficult for families to afford to buy a home. The median