18 Nov 2020
By 24hr Mortgage

NAHB: Rising Demand for Homes Boosts Builder Confidence

Real Estate, ,
Builder confidence in housing market conditions reached a new record high in November according to the National Association of Home Builders. November’s index reading of 90 was five points higher than in October. Index readings over 50 indicate positive builder sentiment toward market conditions. Readings for the Housing Market Index fell below 50 in April and May as the COVID-19 pandemic grew. Component readings for the Housing Market Index rose six points to 96 for current housing market conditions and one point to 89 for builder confidence in home sales in the next six months. Builder confidence in buyer traffic…
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17 Nov 2020
By 24hr Mortgage

A Late Payment: Credit Score Impact

Mortgage, ,
This has been a difficult year for everyone. There are a lot of people who are worried that they might not be able to keep up with their mortgage payments. Small businesses have had to close their doors and numerous individuals have been laid off from work. It is important for homeowners to understand that banks do not want people to foreclose on their homes either. Therefore, they are often willing to work out an alternate payment plan with homeowners who are struggling due to dire financial situations. Those who are late on a mortgage payment might be wondering how this…
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16 Nov 2020
By 24hr Mortgage

What’s Ahead For Mortgage Rates This Week – November 16, 2020

Financial Reports, ,
Last week’s economic reporting included readings on inflation and consumer sentiment along with weekly readings on mortgage rates and jobless claims. Federal Reserve Chair Jerome Powell and Federal Reserve Board members addressed economic expectations resulting from the COVID-19. Chair Powell said that there would be no quick fix for the economy and that the economy would suffer for four to six months until the pandemic slows. He also said that a COVID-19 vaccine would not be a panacea for the virus and said that “ the next few months could be challenging” as the virus spreads at a faster pace.…
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13 Nov 2020
By 24hr Mortgage

Three Hot Renovations That Will Boost Your Home’s Value Without Breaking the Bank

Around The Home, Home Buyer Tips, ,
Are you feeling the "renovation itch" or perhaps looking for a fun project that you can take on which will provide you with a return on your investment? There are numerous home upgrades and renovations that can add value to a home without costing a large sum of money to complete. Let's take a look at three popular home renovations that can increase your home equity without draining your bank account. Paint Your Home Inside and Out Painting the interior or exterior of your home costs very little when compared to how much it can freshen up your home's appearance…
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12 Nov 2020
By 24hr Mortgage

How Are Different Mortgage Lenders Handling Student Loans During the Pandemic?

Mortgage, ,
The coronavirus pandemic has had a massive impact on everyone. This pandemic has led to massive economic issues as well. Given the ongoing crisis as it relates to student loan debt, many students are wondering how the pandemic is going to impact their student loans and how their student loans are going to impact a potential mortgage payment. There are a few points to keep in mind. Freddie Mac In general, loans backed by Freddie Mac are going to use the student loan payment that is marked on the credit report. If this amount is $0 or unknown, then the…
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10 Nov 2020
By 24hr Mortgage

A Few Simple Ways To Upgrade The Kitchen Pantry

Mortgage, Real Estate Trends, ,
During the past few months, people have been spending much more time at home than usual. Therefore, many people are looking for ways to upgrade their homes. A common area of focus is the kitchen. Even though many people are thinking about upgrading cabinets and countertops, the kitchen pantry should also be a target for home improvement. There are a few simple ways that everyone can improve their kitchen pantry.  Use Vertical Storage One of the top tips for everyone to follow is to use vertical storage capacity. It is a smart idea for everyone to build in a few…
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