Mortgage Rates Inch Back Toward the 5s Despite Big Job Gains
It seems the hot jobs report released this morning has already run out of steam.The Bureau of Labor Statistics released the delayed January...
Brokers weigh benefits and trade-offs of Nova Scotia’s 2% down payment pilot
The province’s new program lets eligible first-time buyers purchase with just two per cent down through select credit unions, but brokers warn the...
Using IRA Funds As Income
Our borrowers can use IRA funds as income when applying for a mortgage. This financing option opens doors for retirees, self-employed borrowers, and individuals...
Fed’s Schmid says restrictive rates needed to cool inflation
Federal Reserve Bank of Kansas City President Jeff Schmid said the US central bank should hold rates at a "somewhat restrictive" level, as...
Lower-Rate Mortgages Are Paid Down Faster Even If They Have 30-Year Loan Terms
I came across a chart the other day on Instagram that showed how a 30-year fixed is paid down over time.They chose an...