Posts with tag homebuying

Buying a Home Won't Get Much Cheaper

By Les Christie Buying a home may never get any cheaper than this. Several housing experts are predicting that this year will be the last chance for bargain hunters to cash in on the best deals of the weak housing market. With home prices down 34% nationally since 2006 and mortgage rates at historic lows, homes have... Continue Reading »

Homebuying: 5 Key Steps to Your 1st Real Estate Purchase

Serious about buying a home? It's important first to know your finances, get a solid grasp on the kind of loans available, and acquaint yourself with some homebuying strategies. Here are five essential steps to getting a sure-footed start on shopping for your first home. 1. Know what you can... Continue Reading »

Mortgage Rates Stay Flat in Wake of Record Lows

WASHINGTON -- Fixed mortgages were mostly flat this week after hitting their lowest levels in decades. But few Americans are able to capitalize on them. Freddie Mac says the average rate on the 30-year fixed mortgage stayed at 4.22 percent for the second straight week. The rate hit 4.15 percent two weeks ago, the lowest... Continue Reading »

Market Turmoil Makes Homebuyers Think Twice

Real estate agents and brokers say turmoil in financial markets is planting doubts in the minds of some would-be homebuyers even as it signals opportunity for others. Plunging stock prices initially sparked by the downgrade of the U.S.'s long-term debt rating and reinforced by lingering fears of a European debt crisis... Continue Reading »

Watch: When to Pay Off the Mortgage Early

While paying down the mortgage is undoubtedly one of the largest financial burdens many Americans have to contend with, it's certainly not the only long-term investment homeowners need to consider. This is particularly true for homeowners nearing their 60s, for whom financial investments made today can have a lasting... Continue Reading »

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