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Archive for January, 2016

Can You Get FHA Mortgages With Your Credit Score?

Can You Get FHA Mortgages With Your Credit Score?

It’s never been easy to raise a down payment for FHA mortgages and this year is no different. The usual ways to get the money needed to buy a home have been to (1) get help from Mom and Dad; (2) eat hot dogs for six years and live like a hermit; (3) land a […]

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Real Estate: Home Heating Costs Fall With OPEC

Real Estate: Home Heating Costs Fall With OPEC

Real estate owners rejoice, home heating costs are falling. The latest information from the US Energy Information Administration shows that home heating costs for many owners will fall by as much as $750 this year — and maybe more. The world is awash with oil and with the end of the Iranian sanctions even more oil […]

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2015 Foreclosures Hit Nine-Year Low

2015 Foreclosures Hit Nine-Year Low

Real estate foreclosures hit a nine-year low in 2015, according to the latest annual report from RealtyTrac. “In 2015 we saw a return to normal, healthy foreclosure activity in many markets even as banks continued to clean up some of the last vestiges of distress left over from the last housing crisis,” said Daren Blomquist, […]

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Mortgage Rates Defy Fed Increase

Mortgage Rates Defy Fed Increase

Mortgage rates have fallen since the decision of the Federal Reserve to increase interest levels. The Fed announcement came on December 16th. It raised the overnight lending rate for banks by .25 percent and the nation’s banks instantly went into action, increasing the prime rate for borrowers by .25 percent while not touching the measly […]

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FHA Mortgages To Have A Banner Year

FHA Mortgages To Have A Banner Year

FHA mortgages will have a banner year in 2016. You can see this coming. It’s a mortal lock. It doesn’t matter whether FHA endorsements go up or down, the program will still have a great year. Here’s why. First, in 2015 the FHA cut its annual mortgage insurance premium (MIP) for most loans by .5 […]

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