Mortgage Rates Fall Back, Losing Gains and Continuing a Yo-Yo Pattern
The 30-year mortgage rate average fell back to 7.69%, closer to its two-month low. All other averages dropped or remained unchanged except for the 7/6 ARM rate average, which gained 13 basis points. Rates vary across lenders, so it's important to shop around for the...
How to Buy Property With a Business Partner
Choose a partner with: -Aligned goals -Similar financial capabilities -Shared investment vision Collaborating can: -Provide additional capital -Generate income -Offer potential tax benefits Challenges: -It can lead to conflicts -Delay earnings -Potential disagreements...
Which Illinois Town Boasts the Most Affordable US Homes?
Decatur, Illinois, stands out for offering some of the most affordable homes in the US. A recent report ranks Decatur as the 4th town with homes below $125K. Median home value is $92,200, making it an attractive option for budget-conscious buyers.
Mastering Home Buying in Turbulent Markets
1. Financial readiness: - Assess your budget comprehensively, accounting for down payments, monthly mortgage costs, taxes, insurance, moving, and renovations. 2. Smart saving: - Prioritize saving not only for the down payment but also for post-closing expenses like...
Happy Thanksgiving
Thanksgiving is commonly known to commemorate the colonial Pilgrims’ harvest meal that they shared with Wampanoag Indians in 1621But it wasn’t a holiday until 1853 that Abraham Lincoln declared it a national holiday and kept Thanksgiving as the last Thursday in...
October 2023 Housing Market Trends Report
In October 2023, the inventory of homes for sale continued to grow late into the season, with 2.0% fewer homes actively for sale on a typical day compared to the same time in 2022. The total number of unsold homes, including homes that are under contract, decreased by...
When Does a Seller Get Money After Closing?
Closing occurs in about 30–45 days post accepted offer.
Best Affordable Mortgages for First-Time Homebuyers
If you're a first-time homebuyer who's struggling with the credit and down payment requirements that traditionally come with getting a mortgage, these home loans for first-time buyers can help you overcome those hurdles and finally get the keys to your very...
Best Home Equity Loan Rates Of November 2023
TD Bank and Navy Federal Credit Union offer home equity loans with APRs lower than the national average of 89.99%. TD Bank's loan terms range from five to 30 years with a minimum amount of $10,000, while Navy Federal Credit Union allows borrowers to tap up to...
Central Illinois Shines: Highest Real Estate Taxes
7 Illinois cities feature in the top 20 cities with the highest Real Estate taxes. Rockford, IL, takes the number 1 spot with $3,283 median Real Estate taxes. Peoria, IL: $3,402 median Real Estate taxes $143,500 median home value