The National Association of Realtors just released the updated Housing Affordability Index and it is really amazing. Basically, using a number of assumptions about median household income, the median price of homes, and the current interest rate, the National Association of Realtors has been tracking the ability of households to purchase their own homes. The [...]

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A Home Equity Conversion Mortgage (HECM) is a type of reverse mortgage that can be used to allow a buyer to get into a home with no requirement to repay the loan and no credit requirements! Reverse mortgages have been around for many years but have always been a tool for a property owner to [...]

Don Mastro from Bank of America says that interest rates are moving up. Recently as low as 4.5%, we’re seeing them move up and approach 6%, he says. This is important information for anyone who is considering buying a home as the costs are increasing eavery day. In fact, there have been several rate increases [...]

Are interest rates currently at historic lows? Is it just the Fed Funds Rate or are conventional mortgages following suit?

Everyone Wants a Lower Price, But What About the Impact of Interest Rates?