The government annonced today that inflation stayed steady in February, in spite of fears that we are headed towards a recession. This is expected to take some pressure off the Federal Reserve, which is considering a new round of cuts in interest rates. Continue reading »
March 14, 2008 | Posted in: Mortgages, Real Estate Market | Permalink | Comment now »
Don’t make any significant purchases between your home loan’s approval and the actual closing date, warns Ilyce Glink at Inman Real Estate News. Your lender will pull an additional credit report just before closing to make sure you are still capable of paying your mortgage.
This may sound like common sense, but it happens more than you’d expect. Continue reading »
November 14, 2007 | Posted in: Home Buyers, Mortgages | Permalink | 1 Comment »