mortgage
Latest
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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.
2 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.
8 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.
8 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.
9 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.
1 year 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…
4 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.
4 years ago -
State mortgage program cuts rates in Western Md.
A state mortgage program is lowering its rates for two months in Western Maryland to entice homebuyers.
5 years ago -
Study: People need to make almost $63K to buy a home in D.C. area
Just when you thought it was already expensive to live, park and
eat in the D.C. area, a new study found homebuyers in the D.C. metropolitan area
need to have some of the fattest paychecks in the country.5 years ago -
Is student debt holding back a housing recovery?
A new analysis shows that loan applications for home purchases
have dropped 20 percent in the past four months compared with the
same period a year ago, and experts think student loan debt may be
to blame.5 years ago
