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Congress OKs short-term flood-insurance extension

WASHINGTON – Congress extended the National Flood Insurance Program (NFIP) by a fortnight Thursday as part of a broad but temporary federal-government funding deal. The flood insurance provisions will keep the program operating as normal through De... Read more

Mortgage rates rise as economy shows signs of strength

WASHINGTON (AP) – Dec. 7, 2017 – U.S. mortgage rates rose this week as the economy showed signs of strength, which makes it more likely that the Federal Reserve will raise its short-term rate next week. The rate on the benchmark 30-year fixed... Read more

Want to raise your FICO credit score? Pay off bills

NEW YORK – Dec. 5, 2017 – A credit score can have a big impact on a person's ability to buy a house. A low score can put a kink in finalizing a loan agreement. Consequently, homebuyers need to know their credit scores and how to raise them... Read more

Federal flood insurance expires again on Friday

WASHINGTON – Dec. 4, 2017 – Congress apparently didn't kick the flood insurance can hard enough in September. It only bounced as far as Dec. 8, so by Friday the can will probably get another kick. The House this month passed the 21st Cent... Read more

Long-term mortgage rates slip for second week

WASHINGTON (AP) – Nov. 30, 2017 – Long-term mortgage rates slipped this week, though shorter-term rates rose in response to better economic news that made it more likely the Federal Reserve will hike rates in December. The rate on the benchma... Read more

NAR: Pending home sales rebound 3.5% in Oct.

WASHINGTON – Nov. 29, 2017 – Pending home sales rebounded strongly in October following three straight months of diminishing activity – but they're still below year-ago levels, according to the National Association of Realtors® (... Read more

New-home sales jump 6.2% in October

WASHINGTON (AP) – Nov. 27, 2017 – Americans bought new homes in October at the fastest pace in a decade – a 6.2 percent monthly increase that reflects both the underlying strength of the economy and the worsening shortage of existing hom... Read more

5 first-year mistakes new owners make

CHICAGO – Nov. 22, 2017 – Homeowners can make a lot of mistakes during that first year in homeownership, especially when eagerness may sometimes lead to ignorance. HouseLogic recently featured several of the most common and costly missteps hom... Read more
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