From the category archives:

Home Buying

Should prospective home buyers wait any longer?

Thanks to Rick Melville, a Sr. Mortgage Planner at Fairway Independent Mortgage in Charlotte for this guest blog post: Winston Churchill once said that “a pessimist sees the difficulties associated with every opportunity and that an optimist sees the opportunities associated with every difficulty.” Just for fun I decided to do a little math problem [...]

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Mortgage Rates and Inflation

Mortgage rates move in response to hundreds of factors. Among the biggest influences on mortgage rates? Inflation.

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What the Fed meant to say was…

Today, in its first meeting in 5 weeks, the Federal Open Market Committee voted 9-to-1 to leave the Fed Funds Rate unchanged. The Fed Fund Rate remains within its target range of 0.000-0.250 percent.

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How much of a Downpayment do you need?

I got two funny phone calls today from Charlotte Real Estate Agents, both asking about down payments.  Since the mortgage crisis started three years ago, the biggest mis-information in the media has been concerning down-payments, with most news articles saying you need 25% or more for a down payment. The first call went like this: [...]

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FHA Mortgages: Payments are Going up

In a near-unanimous vote, the House of Representatives gave the FHA power to raise the monthly mortgage insurance premiums it charges to its borrowers.

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