Making a cash purchase for a house, then securing a mortgage later is the focus of a new article on Forbes. Read more, here.
Money magazine offers some sound advice on reasons when you should not refinance. More, here.
Vanessa McGrady at Forbes has a piece identifying cities with a high rate of "mortgage stress"(when a mortgage payment is higher than 28% of income). San Francisco was at the #1 slot, with Detroit coming in at the bottom. See the entire list along with the other survey results, here.
Scott Loney And Alicia Worley have a piece in The Daily Republic reiterating the importance of working with a real estate professional. More, here.
The Federal Funds Rate remained the same this week, contributing to lower mortgage rates. Further rate reductions are forecast. More, here.