Freddie expands its 3%-downpayment loans for new buyers

By | Buying tips, Money Matters, Mortgage

WASHINGTON – April 30, 2018 – Freddie Mac is debuting a new 3 percent downpayment option for qualified first-time buyers that could put it in direct competition with the Federal Housing Administration’s (FHA) low-downpayment mortgage. The mortgage financing giant announced last Thursday that it’s rolling out a new conventional 3 percent downpayment option called HomeOne,… Continued

May 1, 2018

CoreLogic: Housing costs to rise 15% this year

By | Money Matters, Mortgage

SAN FRANCISCO – Feb. 21, 2018 – If mortgage rate forecasts pan out, home buyers might see their mortgage payments grow by 15 percent this year, according to a new analysis by CoreLogic, a real estate data firm. CoreLogic economists predict that mortgage rates will increase by about 0.85 percentage points between November 2017 and… Continued

February 22, 2018