mortgage
Latest
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Buyer’s remorse isn’t always about the mortgage payment
Buyer’s remorse is not uncommon for first-time homebuyers, but the monthly mortgage payment isn’t why. A Bankrate survey found that 63 percent of young buyers regret their purchase.
2 weeks ago -
How to buy a lower mortgage rate (and other first-time buyer tips)
First-time homebuyers find themselves going through a steep and fast learning curve once they get serious about buying. Here are some tips to consider.
1 month ago -
DC program aims to help furloughed feds with mortgage payments
Mayor Muriel Bowser and the D.C. Housing Finance Agency on Wednesday announced a program that will make zero-interest recourse loans available to D.C. federal workers.
2 months ago -
Looking for a big buy? Fannie, Freddie mortgage limits raised
In D.C., and all surrounding counties for 2019, the conforming loan amounts will be capped at $726,525. That is up from the 2018 conforming loan limit in the D.C. area of $679,650.
4 months ago -
Mortgage rates maintain a steady climb
Mortgage rates this year have had the most sustained increase to the start of a year in more than 40 years, with the average rate on a 30-year fixed-rate mortgage rising to 4.66 percent this week.
10 months ago -
Mortgage rates hit 7-year high
“Healthy consumer spending and higher commodity prices spooked bond markets and led to higher mortgage rates over the past week,” said Sam Khater, Freddie Mac’s chief economist.
10 months ago -
Remodeling boom: 2 out of 3 homeowners don’t ever plan to sell
Current homeowners are staying put — and spending to renovate. A recent Bankrate.com survey found that 62 percent of current homeowners do not ever plan to move. And more than a third of homeowners said they are likely to remodel, upgrade or add to their current home in the next five years.
11 months ago -
Are DC area homeowners still underwater on mortgages?
The number of homeowners with a mortgage in negative equity continues to decline nationwide, but the D.C. region still has one of the highest negative equity rates among big cities.
2 years ago -
1 in 5 DC-area homeowners is ‘equity rich’
Across the country, nearly 10 percent of homeowners with a mortgage still owe the bank more than they could sell their homes, but recent numbers show an improving outlook.
2 years ago -
Freddie Mac: ‘Difficult’ for mortgage rates to rise right now
Mortgage rates fell again this week, and might continue to do so.
3 years ago -
1 in 10 homeowners in DC area is ‘underwater’
The Washington region still has a negative equity problem, though the number mortgaged homeowners in the region who owe the bank more than they could sell for continues to fall.
3 years ago -
Want a mortgage? Borrow big; it’s cheaper
Long-term rates for larger mortgages remain a bit lower than rates for conforming mortgage loans.
3 years ago -
8 ways to pay off your mortgage years earlier
Some are better off using the money elsewhere, but extra payments and refinancing can do a number on your mortgage.
4 years ago -
Va. attorney general sues major banks for $1.1B
ALAN SUDERMAN Associated Press RICHMOND, Va. (AP) — Virginia Attorney General Mark Herring is suing some of the world’s largest banks for $1.15 billion in damages related to the housing market crash. Herring said at…
5 years ago -
D.C. has fifth lowest average closing costs in nation
D.C. may be one of the most expensive U.S. cities in which to live, but a new report by personal finance website Bankrate shows the District has the fifth lowest mortgage closing costs.
5 years ago
