Mortgage Rates Hover in Mid-Six Percent Range

Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.49%. “The 30-year fixed-rate mortgage averaged 6.49% this week,” said Sam Khater, Freddie Mac’s Chief Economist. “Mortgage rates have not changed much recen

June home sales disappoint as prices reach an all-time high

CNBC's Diana Olick breaks down the newest housing data.

Helping Out the Appraiser

When you apply for a mortgage, the lender will want to determine the current fair market value of the home. The lender will then order an appraisal. Once the loan is submitted through the automated underwriting system, the results will list to what degree an appraisal is needed. Many times, all that

Ask the HOA Expert: The Board's Authority

Question: An owner recently died, and several board members believe the HOA should waive the monthly assessment for the widow. Is this permissible? Answer: The board has authority to make reasonable compromises on payment of HOA debts. But there is no debt issue here. So, if the board feels strongly