Categories for Home Financing

Buying Beats Renting, But Not By Much In These Places

July 21, 2015 8:30 am  | Comments: 633 | Views: 7275
Right now, homeownership is 35% cheaper than renting on a national level, according to a report from Trulia. Last year, it was 33% cheaper to be a homeowner than a tenant. Home prices have risen slightly faster than rents over the last year, the report found. But at the same time, mortgage rates remain low,… View Article

It’s Getting More Expensive To Be A Renter

July 20, 2015 8:30 am  | Comments: 1,150 | Views: 6726
Rents in April were 4% higher than a year before, according to a report from Zillow. That’s the fastest increase in two years, outpacing home prices which rose by 3%, the report showed. Rental affordability is getting worse, and it doesn’t look like it will be improving anytime soon. “This is here to stay,” said… View Article

Affordable Housing Draws Middle Class to Inland Cities

October 22, 2014 2:30 pm  | Comments: 31 | Views: 2803
Americans have never hesitated to pack up the U-Haul in search of the big time, a better job or just warmer weather. But these days, domestic migrants are increasingly driven by the quest for cheaper housing. The country’s fastest-growing cities are now those where housing is more affordable than average, a decisive reversal from the… View Article

Average 30-Year Mortgage Rate Drops To 4.17%

June 24, 2014 5:36 pm  | Comments: 74 | Views: 3448
Average U.S. rates on fixed mortgages eased slightly this week, remaining near historic lows. Mortgage buyer Freddie Mac said Thursday the average rate for a 30-year loan declined to 4.17% from 4.20% last week. The average for the 15-year mortgage dipped to 3.30% from 3.31%. Rising prices and higher interest rates beginning in mid-2013 have… View Article

What to Do When You Owe More Taxes Than You Can Pay

April 15, 2014 8:30 am  | Comments: 12 | Views: 2520
April 15 is stressful. So stressful, in fact, that car crash fatalities increaseby 6 percent on that day, according to a study in the Journal of the American Medical Association — which sure gives some extra punch to the old adage about death and taxes. Owing taxes — especially if you don’t have the funds to pay… View Article