Mortgage rates home

2014 trends for homebuyers: steeper mortgages, fewer refis

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A number of opposing forces are likely to keep homebuying steady in the year ahead, as mortgage rates continue to rise and adjustable-rate mortgages return to the stage.

Mortgage rates are likely to increase even further in 2014 as the Federal Reserve reduces its monetary stimulus, and rising employment and incomes increase buyers’ purchasing power.

Fewer borrowers will be looking to refinance high-priced mortgages as rates increase, which will spur lenders to more aggressively compete for business — benefiting those looking to borrow. Minimum credit score requirements, loan-to-value ratios and debt-to-income rations will therefore loosen up, Erin Lantz, director of mortgages at Zillow, told the New York Times.

Perhaps surprisingly, home ownership rates will actually tumble in the next year, Bob Walters, chief economist of Quicken Loans, told the Times, because the rate is only just beginning to steady after hitting a high during the housing bubble and tumbling after the recession.


Mobile homes/trailer park

2007-08-03 10:46:56 by bethfs

Can anyone give me pros and cons to going this route? Considering purchasing one as a place to be while we save for a real house. Have pets and easier than renting while we continue to save. Had a great place, but the landlord is filing for bankruptcy so we probably can't stay much longer. Neither of us have great credit, but are both working full time and wouldn't have any issues with the mortgage payments... I got the impression mortgage rates would differ for this type of home though... Any info welcomed.
Thanks.

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US Homebuilder Confidence Surges in December  — ABC News
U.S. homebuilders' confidence bounced back strongly this month, a sign that construction and industry hiring may pick up in coming months. The National Association of Home Builders/Wells Fargo builder sentiment index released Tuesday climbed to 58.

MORTGAGE RATES ROCK.(Business): An article from: The Santa Fe New Mexican (Santa Fe, NM)
Book (The Santa Fe New Mexican)
Median CA home price increases to new record, sales decline. (Business Alert).: An article from: Mortgage Banking
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