Credit Behavior 10-year Comparison and Review

Today, Americans are experiencing high levels of consumer confidence, marked by high employment rates and increasing credit balances over last year. What have we learned since the Great Recession, and how do we compare with our behaviors 10 years ago? 2018 was marked by financial reform, consumer protection and the return of volatility for the […]

Affordable Housing Controversy

In a blow to a city struggling to build enough affordable housing, a controversial proposal to house formerly homeless people in buildings constructed from recycled shipping containers not far from San Jose’s Willow Glen neighborhood has stalled. Once expected to house dozens of formerly homeless people and very-low income families, the much-debated Evans Lane project […]

Mortgage Rates Opposing Stock Market Trends

Mortgage rates ticked up slightly this week with opposing trends in the stock and bond markets fighting for dominance, according to Freddie Mac. 30-Year FRM 15-Year FRM 5/1-Year ARM Average Rates 3.75% 3.18% 3.45% Fees & Points 0.6 0.5 0.4 Margin N/A N/A 2.75 “We’re seeing a tug of war happen as the fixed-income market […]

Benefit From Refinancing

Last week, Freddie Mac’s fixed mortgage rate fell to its lowest level in three years, bumping the pool of refinance candidates up significantly. At the end of June, approximately 8.2 million homeowners with mortgages could benefit from a refi, according to the latest data from Black Knight. That’s 1.5 million more than before the recent interest rate drop, and […]

Bigger Yard Or Shorter Commute?

Most homebuyers would sacrifice a big yard for a shorter commute, says. New filter allows users to search for properties by their commute. added a new filter that allows people to look at homes for sale based on the commuting distance to their work.  The new search option, created in response to user feedback, […]

Thank You For Your Service

Purple Heart Veteran Is Gifted With Free Home So overwhelmed with joy, Kevin Palacios couldn’t say a peep. The Marine thought he was at a conference to speak to a group of Long Island realtors about the hardships veterans face when it comes to home ownership. The U.S. Department of Veteran Affairs estimates about 11% of America’s adult […]

Mortgage Refinance Candidates Spike In June

As 30-year fixed-rate mortgages continue dipping below 4%, June had the most borrowers to qualify for refinancing since late 2016, according to Black Knight’s Mortgage Monitor. The curve of refinance candidates — measured as those who would save at least 75 basis points in the interest rate on their loan — inclined steeply over the second […]

Supreme Court Ruling Protects Owners From Property Seizures

Americans just got more protection from property seizures. Property owners shouldn’t have to jump through state-level hoops before heading to federal court to stop the government from taking their property, the Supreme Court ruled last week in a 5-4 decision that overturned a decades-old precedent. “The justices sided with Pennsylvania resident Rose Mary Knick on a property rights […]

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