The Federal Housing Finance Agency has extended its foreclosure and real estate owned eviction moratoriums for borrowers with Fannie Mae or Freddie Mac-backed mortgages until at least Jan. 31, 2021. The protections were put in place due to the COVID-19 pandemic.This is the fourth time that the FHFA has extended protections to homeowners. The previous moratoriums were going to expire on Dec. 31.“Extending Fannie Mae and Freddie Mac’s foreclosu
Nearly half of more than 2,000 Americans recently surveyed by Lendingtree say they plan to move soon to reduce living expenses. Forty-six percent of those respondents say they plan to relocate within the next year.ApartmentGuide.com recently analyzed 250 of the largest metro cities in the U.S. to find out where the cost of living is going down. Researchers factored in groceries, housing, utilities, transportation costs, healthcare, and
Many homeowners have spruced up their homes during the pandemic. But major remodeling upgrades could result in homeowners needing to update their insurance, too. Otherwise, the home may be under-insured if a disaster ever strikes.“Remodeling your home can lead to higher insurance rates, since a home remodel often increases the rebuild cost of a home,” a new report from QuoteWizard.com states. “Your dwelling coverage limit should match the r
Mortgage rates are on a continuing streak of record lows. For the fourteenth time this year, the 30-year fixed-rate mortgage averaged its lowest on record: 2.71%, Freddie Mac reports. The previous record low of 2.72% was set just last month.Could home buyers be starting to take the low rates for granted?“Despite persistently low mortgage rates, home sales have hit a wall,” says Sam Khater, Freddie Mac’s chief economist. “While home b
Hello, y'all,Overall the transition to the upgrades has gone very productive. A special thanks to those of you that gave insight that helped to keep it that way, and we even added a few features suggested as well. One of those features is part of the Free Custom Website that also provides you with Lead Capture, Adaptive IDX (that will actually adjust to the user's searching habits), and a CRM for you to manage them. Dig deep into the actual searc
Appliance manufacturers are putting a new focus on keeping bad germs out as they look to attract virus-weary buyers to their new products. LG Electronics, Whirlpool, and others are rolling out products that focus on hygiene by removing germs and allergens.For example, LG Electronics is touting refrigerators that have sterilizing ultraviolet lights. Whirlpool Corp. is launching washing machines with built-in heating designed to eliminate germs fro
The Federal Housing Administration announced on Wednesday that it would be raising its loan limits in the new year to keep pace with climbing home prices.The FHA national loan limit, or floor, will increase from $331,760 to $356,362 for single-family home loans, marking about a $25,000 increase over 2020’s limits. The FHA’s loan limit is set at 65% of the national conforming loan limit of $548,250.In about 65 high-cost areas of the country, t
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The homeownership rate for millennials is 8 percentage points lower than for Gen Xers and baby boomers when they were millennials’ ages, according to the Urban Institute’s “Millennial Homeownership” report. Younger generations are struggling to obtain homeownership at the same rates as their parents. The Urban Institute estimates that 3.4 million more people would be homeowners if the rate of ownership kept pace with previous generations.
Buying a home in a small town isn’t necessarily cheaper than purchasing in a big city. Sometimes, small-town living can come with the higher price tag, according to a new study from LendingTree.The online lending marketplace recently analyzed 50 towns with populations under 50,000 that had the most expensive median home values. Researchers then ranked the towns based on where home values were the highest. They also compared home values in these
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