In a heated political era, no one can predict what the final 2024 U.S. budget will look like, but the White House’s initial proposal boosts a number of housing programs.
Job reports, hourly earnings and price data suggest inflation may be slowing even as bank troubles stir recession fears. But a bond-price drop could help lower mortgage rates.
In 4Q 2022, builders found a “persistent shift in buyer preferences to live outside of densely populated areas” with the share of new urban homes dropping to 44.5%.
If homeowners with an FHA loan default, they may still be able to keep the house through a mortgage modification, which now includes a 40-year option.
In an open letter to the housing industry, HUD Sec. Fudge asks members to nix things like application fees, though she also hints at possible legislative changes.
A major housing bill strongly backed by Florida Realtors passed the Fla. Senate Wed. The House may suggest changes, but it’s a good start early in the 2023 session.
It’s okay for others to say you “really know how to stretch a dollar.” Bootstrapping means finding tools that maximize your services while minimizing costs.
The U.S. consumer watchdog’s report on junk fees focused on a range of businesses, such as banking and payday lending, and includes four used by mortgage servicers.
After three increases, Fannie Mae’s monthly consumer index found a 3.6-point drop in Feb. when 44% of owners said it’s a bad time to sell, up from 39% in Jan.
In addition to banks and online lenders, homebuyers should check out options from a credit union, which tends to offer better rates for both borrowing and saving.
