Posts by Bill Rice

How to Refinance After a Loan Modification

After the financial crisis of 2007-2008, which was primarily driven by a collapse in housing and mortgage markets, many homeowners found themselves in serious trouble. In response, Fannie Mae and Freddie Mac introduced loan modification programs to restructure mortgages broadly. These programs allowed borrowers that were behind on their mortgage payments or couldn’t refinance into […]

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Guide to Lighting Your Interior Design Projects

Nothing finishes a room like lighting. An expertly lit room creates warmth and energy and will deliver positive impacts on performance and productivity. But, for all of its benefits, it is often the most neglected part of interior design. Let’s fix that in your next room redesign. I always like to start by evaluating my […]

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How to Protect Your Credit From Equifax Data Breach

This Equifax breach is very likely to have affected you. As many as 44 percent of Americans had their personal and financial information hacked in this latest compromise. Equifax, one of the three major credit bureaus, announced this morning that as many as 143 million consumers have had their Social Security numbers, birth dates, addresses, […]

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Sales Of Newly Built Homes Fall In May

New home sales fell in May, according to new numbers released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development. After soaring to an 8-year high the month before, sales dropped lower than economists expected, falling 6 percent from April. But despite the decline, sales remain 8.7 percent above last […]

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Brexit and Your Mortgage

If you’re looking for a mortgage you just got an extension on historically low rates. British voters shocked the world when they juked political pollsters and oddsmakers, the latest trend predicting political outcomes in the United Kingdom, and elected to leave the European Union (EU). Americans went to sleep with overwhelming confidence that Britain would […]

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Mortgage Rates At Lowest Level In 3 Years

According to the Mortgage Bankers Association’s Weekly Applications Survey, average mortgage rates fell to their lowest level in three years last week. In fact, rates for 30-year fixed-rate mortgages with conforming loan balances dropped to levels last seen in May 2013. Rates for jumbo loan balances were also down, falling lower than they’ve been since […]

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Are First-Time Home Buyers Ready To Buy?

Results from a recent survey conducted by Genworth Mortgage Insurance at the 2016 Mortgage Bankers Association Secondary Conference in New York found that the vast majority of mortgage professionals are expecting the number of first-time home buyers to grow in the near future. In fact, nearly 80 percent said the share of first timers active […]

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Housing Market Improves Despite Jobs Dip

An improving job market has been one of the many positive economic trends credited with helping lift the housing market over the past few years. Analysts believed real estate would overcome periods of volatility and continue to show long-term improvement based on the fact that more Americans were finding work and reporting higher incomes. In […]

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New Residential Construction Flat In May

Housing starts refer to the number of homes that broke ground during the month. The U.S. Census Bureau and the Department of Housing and Urban Development track starts – along with building permits and housing completions – as part of their monthly New Residential Construction report. According to the most recent release, privately-owned housing starts […]

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Builders Expect Stronger New Home Market

The new home market is particularly important to the health of the overall housing market. That’s because any improvement in the number of new homes being built helps inventory levels, which also helps moderate prices and balance supply and demand. Currently, buyer demand is high and the number of homes available for sale is low. […]

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