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Homeownership Can Be Affordable Housing

By writing policy that prioritizes Americans' access to homeownership, lawmakers could address both the affordable home shortage and the racial wealth gap, deduces Urban Institute visiting fellow Mike Loftin. He bases his assessment—that such access will foster financial stability and mobility for millions of Americans—on data [...]

By |2021-07-22T19:19:14+00:00July 22, 2021|News|Comments Off on Homeownership Can Be Affordable Housing

Mortgage requirements are loosening for home buyers

There’s good news for home buyers: It’s finally getting easier to get a mortgage loan. After tightening their lending standards during the pandemic, it seems mortgage lenders are starting to loosen the reins a bit. In fact, according to the Mortgage Bankers Association, mortgages were about [...]

By |2021-07-22T19:10:22+00:00July 22, 2021|News|Comments Off on Mortgage requirements are loosening for home buyers

VA-like housing bill proposed for first responders, teachers

Legislation would axe downpayment and monthly mortgage insurance fee for firefighters, police officers, paramedics, teachers New legislation would extend a benefit similar to Veterans Affairs (VA) loans to first responders and teachers who buy homes. U.S. Representatives John Rutherford (R-Fla.), Al Lawson (D-Fla.), John Katko (R-N.Y.), and [...]

By |2021-07-15T21:00:35+00:00July 15, 2021|News|Comments Off on VA-like housing bill proposed for first responders, teachers

Home Equity ‘Pandemic-Resistant’

It's a great time to be a homeowner: ATTOM Data Solutions, Irvine, Calif., said home equity rose sharply in the first quarter, with equity-rich properties in the U.S. outnumbering seriously underwater homes by a 7-1 margin. The company's first quarter Home Equity & Underwater report [...]

By |2021-06-21T17:12:03+00:00June 21, 2021|News|Comments Off on Home Equity ‘Pandemic-Resistant’

With mortgage rates under 3%, homeowners race to refinance

Mortgage rates below 3% have brought homeowners stampeding back to the refinance market. A sharp rise in refi demand is driving an increase in overall mortgage applications, a new report shows. Refinancing to take advantage of mortgage rates that remain far below historical averages can be a [...]

By |2021-05-25T15:18:06+00:00May 25, 2021|News|Comments Off on With mortgage rates under 3%, homeowners race to refinance

Housing Market On Fire

A decade after the housing market emerged from a deep downturn, housing is hot again. Indeed, home values are soaring to new highs. With its double-digit appreciation and rampant bidding wars, the latest real estate party has some eerie similarities to the last one. “It’s clearly [...]

By |2021-05-20T15:06:25+00:00May 20, 2021|News|Comments Off on Housing Market On Fire

Zillow: Housing Gains Could Grow Black Wealth More Than $500B in a Decade

Zillow, Seattle, said incremental increases in homeownership rates and home values among Black households would help shrink the current $3 trillion racial wealth gap by hundreds of billions of dollars over the next decade. Today’s typical Black household has only about 23 percent of the [...]

By |2021-05-18T21:07:16+00:00May 18, 2021|News|Comments Off on Zillow: Housing Gains Could Grow Black Wealth More Than $500B in a Decade

FHFA releases new refi option for low-income borrowers

Following an incredible year for refinances that mostly benefited wealthier borrowers, the Federal House Finance Agency announced it is implementing a new refi product that targets low-income borrowers with single-family mortgages backed by Fannie Mae and Freddie Mac. According to the regulatory agency, this new product will assist borrowers who were less likely [...]

By |2021-05-03T18:05:57+00:00May 3, 2021|News|Comments Off on FHFA releases new refi option for low-income borrowers

Can the Housing Market Get Any Hotter? A Guide to Home Buying This Spring

The words “spring home buying season” carry a very different meaning this year than they did last year. Normally spring is the hottest time of year for home sales — more buyers surface when the warmer weather emerges and families prefer to move before the [...]

By |2021-04-29T15:07:55+00:00April 29, 2021|News|Comments Off on Can the Housing Market Get Any Hotter? A Guide to Home Buying This Spring

More Than 4 In 10 Millennials Refinanced In The Past Year

More than four in 10 millennials refinanced their mortgage in the past year, according to a report from LendingTree. Record-low mortgage rates fueled the number of refinances which nearly doubled the overall average. During the pandemic, 26% of homeowners refinanced their mortgage, according to the report. Additionally, [...]

By |2021-04-28T17:03:06+00:00April 28, 2021|News|Comments Off on More Than 4 In 10 Millennials Refinanced In The Past Year
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