Mortgage rates rose slightly this week on mixed economic news, with Freddie Mac's weekly survey of lenders showing the average rate for a conventional 30-year fixed loan at 3.68 percent, up from 3.65 percent last week.
You have identified the mortgage lender with whom you wish to work, based at least in part on a price quote. You probably know that the price quote doesn't mean anything until it is locked, but few borrowers know all the steps required to get to the lock and the possible costly missteps in the process. The rules and procedures surrounding the lock process vary from lender to lender and are not subject to any mandatory disclosure requirements.
Senior homeowners looking to shop the HECM reverse mortgage market for the best price, meaning the lowest interest rate and origination fee, have a major problem. Unlike the standard mortgage market, where price data are available from many sources, including third party multi-lender sites, in the reverse mortgage market prices are hard to find.
ATHERTON, Calif. - In 2011, Jules and Alan Nolet bought a house on a flat, sunny lot of just over an acre here. "It had a split-level house built in the '70s with massive, overgrown lawns in the front and back," Jules remembered.
PHILADELPHIA - Alexander Danta curled his frame around a cluttered wooden table in his Jewelers' Row workshop to inspect his latest handiwork, a diamond-and-ruby wedding band that nested in his meaty palm like a newborn chick. Raising the delicate ring to the window, he tipped it slightly to catch the light, revealing an acanthus vine he had just etched on the side, perhaps a centimeter wide and sharp as a line of type.
PHILADELPHIA ï¿½ï¿½ Mike Maher, 32, is co-founder and chief executive of the Houwzer real estate brokerage. The startup wants to disrupt the residential real-estate-brokerage business by creating a more competitive marketplace for home buyers and sellers.
Q: We live in a nice neighborhood, and recently a neighbor a few doors away painted his house a garish yellow and purple. I am considering selling my home, and my real estate broker is telling me that the horror house is pulling down my property value. Is there anything I can do? - Victor
Northern San Joaquin Valley home values made remarkable gains in 2013, with home sale prices soaring by more than 20 percent in most cities. Denair led the pack, skyrocketing 48.3 percent, while median-priced homes in Patterson posted 40 percent gains, according to just-released annual statistics from DataQuick.