National News

Oct. 15, 2019

Unconventional Mortgage Loans Making a Comeback

In 2018, unconventional mortgages hit their highest level since 2008 – but they were still only 3% of 2018’s loans compared to 39% in 2006.

NEW YORK – The number of unconventional mortgages last year reached the highest level since the 2008 crisis – but they still comprised less than ...

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Posted in National News
Sept. 12, 2019

NAR: Mortgage Rates May Hit Record Low by Year’s End

Economist Lawrence Yun says a clearly weakening economy and “soft job gains in August assures that the Federal Reserve will be cutting interest rates.”

WASHINGTON – By the end of this year, the 30-year fixed-rate mortgage could drop to 3.3%, which would put the most popular loan product ...

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Posted in National News
Aug. 23, 2019

Long-Term Mortgage Rates Near Historic Lows — 30-Year 3.55%

Freddie Mac said Thursday that the average rate on the 30-year loan declined to 3.55% from last week’s 3.60%. One year ago, the rate was 4.51%.

WASHINGTON (AP) – U.S. long-term mortgage rates are near historically low levels this week with the average on the benchmark ...

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Posted in National News
May 29, 2019

Top 15 U.S. Metros for mosquitos? None are in Florida!

ATLANTA – May 28, 2019 – For the sixth year in a row, Atlanta was once again named as the top spot for mosquitos, followed by New York, Washington, D.C., Chicago and Houston, according to the annual list released by Orkin, a national pest control company.

"Mosquitoes are more ...

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Posted in National News
May 16, 2019

Program to boost credit scores requires bank account access

NEW YORK – May 15, 2019 – Actor and activist Hill Harper, no stranger to offering advice on building financial security, is about to embark on a new venture with Experian to help consumers tap into some technology to instantly improve their credit scores.

The new idea, simply put: Give ...

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Posted in National News
April 30, 2019

Want flood insurance before hurricane season? Act now!

WASHINGTON – April 29, 2019 – Hurricanes provide little advance notice of their arrival, and as landfall approaches, insurance companies may temporarily suspend new coverage and coverage changes.

That means it's usually a good idea to review your insurance coverage yearly to make sure it matches your needs. An ...

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Posted in National News
March 20, 2019

Mortgages easier to get for the self-employed

WASHINGTON – March 19, 2019 – Self-employed and freelance or contract American workers have long struggled to qualify for a mortgage compared with those with W-2 forms or pay stubs that lenders can use to verify their incomes.

For the self-employed, the mortgage process can be time-consuming and cumbersome. Lenders ...

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Posted in National News
Jan. 15, 2019

What’s happening with mortgages as shutdown drags on?

NEW YORK – Jan. 14, 2109 – The partial federal government shutdown is complicating the already complicated process of getting and managing a mortgage. For one thing, the political storm is like severe weather at a major airport: You can expect minor delays or worse. And if you're among ...

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Posted in National News
Nov. 15, 2018

Want to lower your 2018 tax bill? Take action now!

NEW YORK – Nov. 14, 2018 – Income taxes can be taxing. And that's especially the case with the tax overhaul signed into law late last year.

The law created $1.5 trillion in tax cuts but did nothing to make the filing process simpler. In fact, the "Tax ...

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Posted in National News
Oct. 12, 2018

Mortgage rates hit 7-year highs – 30-year at 4.9%

WASHINGTON (AP) – Oct. 11, 2018 – Long-term U.S. mortgage rates leaped this week to their highest levels in seven years amid global anxiety over rising interest rates that has gripped financial markets.

Costs for would-be homebuyers are climbing. Mortgage buyer Freddie Mac said Thursday the rate on 30-year ...

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Posted in National News