Archive for 'Mortgages'
Reverse Mortgages Pros and Cons
If you are a senior who has owned your home for awhile and are thinking about your next financial step, it is important to consider reverse mortgages pros and cons. These types of loans can be a great option for many people over age 62 who want [...]
Full StoryHousing Sales Rise, Aided by Falling Mortgage Rates
In further signs that the housing market is finally recovering after three years of turmoil, new data shows that home sales have increased and mortgage rates have again dipped below 5 percent. According to mortgage company Freddie Mac, the average for 30-year fixed rate loans was 4.94%, [...]
Full StoryThe Fed Slows Down Emergency Lending Programs
In a sign that the Federal Reserve sees the economy improving and the housing market bottoming out, it has decided to slow down emergency lending programs for home buyers. The decision indicates the Fed is moving its stance from managing the financial crisis to nurturing an economic [...]
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