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There are a lot of regulations in the mortgage industry. Mostly, you don’t need to understand them — that’s why you have a loan officer and work with a professional institution. Nevertheless, you’ll get exposed to a bunch of acronyms, and it’s always frustrating when you don’t understand what people are talking about. Devon Thorsby,…

A couple of days ago, we shared the insights of one home buyer who extolled the virtues of shopping for a home in the depths of winter. But it isn’t all just about the buyer. U.S. News & World Report wrote about the advantages of selling in the winter from an investor’s perspective. Some of their reasoning…

There have been a number of articles over the last weeks indicating that the housing market is strong enough to continue growth, even in the face of a Fed rate hike. On top of that, Fitch released their ratings report today, backing up that conclusion. But in the face of that, 35% of major U.S. housing markets have…

Shopping for a house in the middle of winter isn’t for everyone — and neither is selling a house in the middle of winter. And that’s exactly why, if done correctly, this can be the perfect time to buy. Holden Lewis describes his lessons-learned from starting shopping for a home in December, in Toledo, Ohio. Of course,…

This is always a tricky topic, and we’ve even seen a series of articles recently suggesting that one should never pay off their mortgage — that having a large, long mortgage is nearly always the most sound financial decision. That seems a bit of a stretch, but Kristin McFarland of The Smarter Investor asks a…

We’ve reported quite a few times this year on the strength of new housing starts, and with today’s job report, that doesn’t look set to change anytime soon. So, in honor of all the new homes being built, we thought it was worth taking a look at the history of the American home. What we…

As much as I’ve been blogging about the successful recovery in the housing market, and as much as delinquency rates have gone down, CNN Money correctly points out that there’s one area of the housing market that, while better, is still weighing down the broader market: underwater homes  Down to 13.4%, the number of homes with…

This is such big news today that we can’t even find the original source — it’s literally all over the Internet — so we’ll just take this one from Detroit. The original cord cutters have reached a threshold. People canceling cable TV for Netflix may still have a way to go, but people ditching land-lines for…

For some context, in 2009 jumbo loans accounted for 5.5% of the market. Contrast that with this year, through September, where they’re accounting for almost 19% of the market — the highest level since 2006 (though still not quite to the peak of 2000). Why the difference? The answer is simple. A conforming loan is…

There was a while there where covering mortgage rates got (depending on your perspective) highly entertaining or highly nerve-wracking, as the news flip-flopped every day. Well, mortgage rates and the housing market all seem reasonably stable at the moment, but one of the big factors driving home prices has been foreign investment. Now it’s time…