FHA will reduce the mortgage insurance premium it charges from the current 1.35% to .85%, according to an article in the Wall Street Journal. President Barack Obama is scheduled to make an announcement on January 8, 2015. FHA mortgages are popular because borrowers can obtain loans with as little as 3.5% downpayment. The credit standards [...]
The Wall Street Journal, tired of the doom & gloom, wrote an article on the ten reasons you SHOULD buy a home in this economy. Their ten reasons are good ones and have a lot of detail as to why they are true. Here are Brett Arends' WSJ headlines, and my takes on each. 1) [...]
Mortgage rates drop very low -- below 5% -- as international money comes into the United States. The US bonds are seen as a safe haven in light of the financial troubles in Europe, and this is having a nice result in our country. The Wall Street Journal reported this morning that interest rates were [...]