Category — Real Estate News & Tips

Mortgage Rates Pushed Upward Following Strong Employment Data

November 12 at 10:29 AM

Mortgage rates continued to move higher in anticipation of a Federal Reserve rate hike next month, according to the latest data released Thursday by Freddie Mac.

Home loan rates began creeping up after the Federal Reserve signaled earlier this month that a December interest rate hike was a possibility. What the Fed does with interest rates doesn’t have a direct relationship to mortgage rates, since they are more closely tied to long-term U.S. Treasury yields. Bonds are more likely to move ahead of a Fed action than in response to it.

With the release of last week’s stronger-than-expected jobs report, the possibility that the Fed will raise rates became greater and home loan rates experienced an upturn.

The 30-year fixed-rate average jumped to 3.98 percent with an average 0.6 point, creeping ever closer to the 4 percent mark. (Points are fees paid to a lender equal to 1 percent of the loan amount.) It was 3.87 percent a week ago and 4.01 percent a year ago. Since falling to a six-month low of 3.76 percent in late October, the 30-year fixed rate has gained 22 basis points in two weeks. (A basis point is 0.01 percentage point.)

The 15-year fixed-rate average climbed to 3.2 percent with an average 0.6 point. It was 3.09 percent a week ago and 3.2 percent a year ago.

Hybrid adjustable rate mortgages also rose. The five-year ARM average grew to 3.03 percent with an average 0.4 point. It was 2.96 percent a week ago and 3.02 percent a year ago.

The one-year ARM average increased to 2.65 percent with an average 0.2 point. It was 2.62 percent a week ago.

“A surprisingly strong October jobs report showed 271,000 jobs added and wage growth of 0.4 percent from last month, exceeding many experts’ expectations,” Sean Becketti, Freddie Mac chief economist, said in a statement.

“The positive employment reports pushed Treasury yields to about 2.3 percent as investors responded by placing a higher likelihood on a December rate hike. Mortgage rates followed with the 30-year jumping 11 basis points to 3.98 percent, the highest since July. There is only one more employment report before the December FOMC meeting, which will have major implications on whether we see a rate hike in 2015.”

Meanwhile, mortgage applications were flat again this week, according to the latest data from the Mortgage Bankers Association.

The market composite index — a measure of total loan application volume – slipped 1.3 percent from the previous week. The refinance index dropped 2 percent, while the purchase index increased 0.1 percent.

The refinance share of mortgage activity accounted for 59.8 percent of all applications.


November 12, 2015   No Comments

Waiting Until After the Holidays Isn’t a Smart Decision

Waiting until after the Holidays, Isn’t a Smart Decision | Keeping Current Matters

Every year at this time, many homeowners decide to wait until after the holidays to put their home on the market for the first time. Others who already have their home on the market decide to take it off the market until after the holidays. Here are six great reasons not to wait:

1. Relocation buyers are out there. Companies are not concerned with holiday time and if the buyers have kids, they want them to get into school after the holidays.

2. Purchasers that are looking for a home during the holidays are serious buyers and are ready to buy.

3. You can restrict the showings on your home to the times you want it shown. You will remain in control.

4. Homes show better when decorated for the holidays.

5. There is less competition for you as a seller right now. Let’s take a look at listing inventory as compared to the same time last year:

Supply of Homes | Keeping Current Matters

6. The supply of listings increases substantially after the holidays. Also, in many parts of the country, new construction will make a comeback in 2016. This will lessen the demand for your house.

Bottom Line

Waiting until after the holidays to sell your home probably doesn’t make sense.


November 9, 2015   No Comments

Mortgage Rates Largely Unchanged as Fed Stands Pat

Mortgage rates were largely unmoved heading into this week’s Federal Reserve meeting, according to data released Thursday by Freddie Mac.

Because expectations were that the Fed would not bump up the federal funds rate at this time, nothing caused home loan rates to be pushed or pulled significantly in either direction.

The 30-year fixed-rate average slipped to 3.76 percent with an average 0.6 point. (Points are fees paid to a lender equal to 1 percent of the loan amount.) It was 3.79 percent a week ago and 3.98 percent a year ago. The 30-year fixed rate has stayed below 4 percent for more than three months.

The 15-year fixed-rate average remained at 2.98 percent with an average 0.6 point, the same as it was a week ago. It was 3.13 percent a year ago. The 15-year fixed rate has hovered below 3 percent for three of the past four weeks.

Hybrid adjustable rate mortgages were mixed. The five-year ARM average was unchanged at 2.89 percent with an average 0.4 point. It was 2.94 percent a year ago.

The one-year ARM average dropped to 2.54 percent with an average 0.2 point. It was 2.43 percent a year ago.

“Treasury yields oscillated without a clear direction heading into the October FOMC meeting, as investors were confident there would be no rate increase,” Sean Becketti, Freddie Mac chief economist, said in a statement.

“While the FOMC left rates unchanged at this meeting, they kept a December rate hike as an option causing Treasuries to sell off in the latter part of the day, after our survey closed.”

Freddie Mac aggregates current rates weekly from 125 lenders from across the country to come up with a national average mortgage rate.

“Recent housing reports have done little to add or detract from the possibility of a December rate increase,” Becketti said. “Existing home sales were strong, contrasting with disappointing new home sales.”

Meanwhile, mortgage applications slipped this week, according to the latest data from the Mortgage Bankers Association.

The market composite index — a measure of total loan application volume – fell 3.5 percent from the previous week. The refinance index dropped 4 percent, while the purchase index decreased 3 percent.

The refinance share of mortgage activity accounted for 59.5 percent of all applications.


November 3, 2015   No Comments

Another Reason to Buy a Home: Ridiculous Rents!

Written by Jaymi Naciri on Wednesday, 14 October 2015 12:04 pm

If the fact that mortgage rates are still insanely low – dropping again last week – and new loans can make down payments as low as three percent for first-time homebuyers still aren’t enough to get you into the real estate market, here’s perhaps the most compelling reason of all to buy a house: rents are ridiculous and only getting more so everyday.

A recent article from Yahoo shows that “American renters spend an average of about 30% of their monthly incomes on rent… but throughout the country, many people spend much more than that. That’s a decent indication of a rent affordability problem in the U.S., given that housing experts consider consumers to be ‘rent-burdened’ if they pay more than 30% of their income for housing.”

This comes on the heels of other reports that show that, “On average, it’s 35% cheaper to buy than to rent, up from 33% last year. In some areas, particularly in the south, it’s over 50% cheaper to buy.”

But back to that sobering Yahoo stuff. “Housing researchers project that renters will grow at a faster rate than homeowners throughout the next decade, so even if wages and rent prices grow at the same pace, millions more Americans will be rent-burdened by 2025,” they said. “In a new report, Urban Institute researchers estimate there will be 6.5 million new renters by 2025. If rent and incomes each grew 2% annually over this time period (as the Harvard research assumes), Urban Institute estimates there will be 2.2 million more rent-burdened consumers.”

Their data “estimates 31% of renters will be severely rent-burdened by 2025, up from 28% in 2015 – that’s an additional 4 million people putting more than 30% of their incomes toward rent. Many personal finance experts recommend you spend no more than 25% of your income on rent, but if demand continues to rise faster than wages, that will be increasingly difficult.”

If you’re currently renting, and especially if you’ve been doing so for a long time, and super especially if you really, really want to stop renting and buy something, you can probably already rattle off a few dozen reasons why it stinks to rent. But in case you need a refresher, or just want to add more fodder to your list, we’ve got a few reasons of our own:

Every time your rent rises, it impacts your ability to save, pushing homeownership further and further away.

Pride of ownership – it’s a real thing.

Who writes checks anymore, anyway?

Your rent is making someone else rich. Bloomberg reports that you can profit by hundreds of dollars per month by renting your home depending on where it’s located. That’s great if you’re the owner. Not so much if you’re the one padding the owner’s bank account.

You have to live with finishes that don’t meet your expectations.

Black Daisies
You’re not building any equity by paying rent. If the rental rises in value, you won’t be the one to benefit. And, in fact, you’ll probably end up paying more for the privilege of living there.

Your house payment can’t go up like your rent can.

You’re at the mercy of your landlord, who can (and will!) decide when you should pay more.

You need permission to change the paint colors.

You can’t make changes to a crappy floorplan.

No place to put stuff. If you’re in an apartment, the storage situation is probably bleak.

Commercial Laundries
But not as bleak as having to share laundry facilities with your neighbors

Mail that never seems to end up in your slot

You have to live with the galloping dog above you.

Or the galloping kids beside you.

Or the thump-thump-thump of the rap music aficionado downstairs.

No tax write-off and nothing to show for your money.

Parking Is Horrible. If your options don’t include reserved parking and spots on the street are limited, you know just how bad it can be. But did you know that parking actually makes apartments more expensive? Buzzfeed tells us why.

Buffalo News
Having to wait – and wait and wait – for repairs to be done.

No pets! If you find a rental that allows your dog, you can count on paying a substantial deposit. And certain kinds of dogs may not be allowed regardless of how much you’re willing to pay.

Still stuck renting for the time being? Apartment Therapy broke down their least favorite things about renting and offered a few ways to deal with them.


October 16, 2015   No Comments

For Mortgage Shoppers, Simpler Forms Called Biggest Change in 40 Years

By Sarah Kleiner
The Virginian-Pilot

A few changes in the homebuying process that take effect today may have a big impact on how borrowers shop.

Homebuyers will receive fewer forms when applying for financing, and they’re designed to be more understandable, so shopping for an affordable mortgage should be easier.

Also, buyers now will have a three-day waiting period to read and double-check their closing documents before signing a contract.

The Consumer Financial Protection Bureau, a government agency created in the wake of the late-2000s housing collapse, is rolling out the new requirements, which are referred to as “Know Before You Owe.”

“I think it’s really the biggest change in the last 40 years in the mortgage process,” said Holden Lewis, mortgage analyst for

In the past, homebuyers received four forms as part of the closing process, including a good faith estimate and the HUD-1. They have been consolidated into two standardized forms.

Within three days of a prospective buyer’s applying for a mortgage, lenders are required to provide a loan estimate, which is designed to clearly lay out closing costs, Lewis said.

The Consumer Financial Protection Bureau encourages buyers to get at least three loan estimates and compare them side by side.

“When I say consumer-friendly, my 10-year-old grandson could put the one you got and the one I got next to each other and tell the differences,” said Corrina Carter, owner of CMS Mortgage Solutions Inc. in Chesapeake.

Here’s how the loan estimate works:

– The first page breaks down the estimated monthly payment.

– The second page tallies all the estimated fees and other expenses a homebuyer will have to pay, and calculates how much cash a homebuyer has to have at the closing table.

– The third page shows how much the borrower will have paid within five years – and how much of that will have gone toward the principal.

The other new form homebuyers will receive is the closing disclosure. Lenders are required to provide three business days before the paperwork is signed.

The delay gives homebuyers a chance to look through their documents and ask questions if the final costs differ from the estimate.

“Essentially you can see if you are getting the loan that you were promised,” Lewis said. “Right now, comparing the HUD-1 to the good faith estimate, realistically, that’s not happening because the HUD-1 is hard to understand.”

Carter said borrowers likely won’t be as harried at the signing table. Historically, most home sales closed the same day buyers received their final loan documents.

“Right now, everybody feels like they have to accept” the documents, Carter said. “If there are changes that need to be made, it is usually a rush-rush job, and the buyer doesn’t have a chance to review those changes.”

Industry experts have been using the same forms to close on homes since 1974, so it will take time to get used to a new system, said Howard “Hoddy” Hanna III, chairman and CEO of Howard Hanna Holdings. Hanna’s company purchased Virginia Beach-based William E. Wood and Associates in 2014.

The new process likely will extend the amount of time it takes to close a deal beyond 15 or 30 days, which has been typical. Hanna said the waiting period might be 45 or 60 days now.

Still, Hanna said, “anything that’s great for the consumer is good for me and our people.”

For more information, visit:

October 13, 2015   No Comments

4 Reasons to Buy BEFORE Winter Hits

4 Reasons to Buy BEFORE Winter Hits | Keeping Current Matters

It’s that time of year; the seasons are changing and with them bring thoughts of the upcoming holidays, family get-togethers, and planning for a new year. Those who are on the fence about whether now is the right time to buy don’t have to look much farther to find four great reasons to consider buying a home now, instead of waiting.

1. Prices Will Continue to Rise

The Home Price Expectation Survey polls a distinguished panel of over 100 economists, investment strategists, and housing market analysts. Their most recent report released recently projects appreciation in home values over the next five years to be between 10.5% (most pessimistic) and 25.5% (most optimistic).

The bottom in home prices has come and gone. Home values will continue to appreciate for years. Waiting no longer makes sense.

2. Mortgage Interest Rates Are Projected to Increase

Although Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage have softened recently, most experts predict that they will begin to rise later this year. The Mortgage Bankers Association, Fannie Mae, Freddie Mac and the National Association of Realtors are in unison projecting that rates will be up almost a full percentage point by the end of next year.

An increase in rates will impact YOUR monthly mortgage payment. Your housing expense will be more a year from now if a mortgage is necessary to purchase your next home.

3. Either Way You are Paying a Mortgage

As a recent paper from the Joint Center for Housing Studies at Harvard University explains:

“Households must consume housing whether they own or rent. Not even accounting for more favorable tax treatment of owning, homeowners pay debt service to pay down their own principal while households that rent pay down the principal of a landlord plus a rate of return. That’s yet another reason owning often does—as Americans intuit—end up making more financial sense than renting.”

4. It’s Time to Move On with Your Life

The ‘cost’ of a home is determined by two major components: the price of the home and the current mortgage rate. It appears that both are on the rise.

But, what if they weren’t? Would you wait?

Look at the actual reason you are buying and decide whether it is worth waiting. Whether you want to have a great place for your children to grow up, you want your family to be safer or you just want to have control over renovations, maybe it is time to buy.

Bottom Line

If the right thing for you and your family is to purchase a home this year, buying sooner rather than later could lead to substantial savings.

For more information, visit:

October 13, 2015   No Comments

5 Reasons to Hire a Real Estate Professional Today!

5 Reasons To Hire A Real Estate Professional Today | Keeping Current Matters

Whether you are buying or selling a home, it can be quite an adventurous journey. You need an experienced Real Estate Professional to lead you to your ultimate goal. In this world of instant gratification and internet searches, many sellers think that they can For Sale by Owner or FSBO.

The 5 Reasons You NEED a Real Estate Professional in your corner haven’t changed, but have rather been strengthened due to the projections of higher mortgage interest rates & home prices as the market continues to recover.

1. What do you do with all this paperwork?

Each state has different regulations regarding the contracts required for a successful sale, and these regulations are constantly changing. A true Real Estate Professional is an expert in their market and can guide you through the stacks of paperwork necessary to make your dream a reality.

2. Ok, so you found your dream house, now what?

According to the Orlando Regional REALTOR Association, there are over 230 possible actions that need to take place during every successful real estate transaction. Don’t you want someone who has been there before, who knows what these actions are to make sure that you acquire your dream.

3. Are you a good negotiator?

So maybe you’re not convinced that you need an agent to sell your home. However, after looking at the list of parties that you need to be prepared to negotiate with, you’ll realize the value in selecting a Real Estate Professional. From the buyer (who wants the best deal possible), to the home inspection companies, to the appraiser, there are at least 11 different people that you will have to be knowledgeable with and answer to, during the process.

4. What is the home you’re buying/selling really worth?

It is important for your home to be priced correctly from the start to attract the right buyers and shorten the time that it’s on the market. You need someone who is not emotionally connected to your home to give you the truth as to your home’s value. According to the National Association of REALTORS, “the typical FSBO home sold for $208,700 compared to $235,000 among agent-assisted home sales.”

Get the most out of your transaction by hiring a professional.

5. Do you know what’s really going on in the market?

There is so much information out there on the news and the internet about home sales, prices, mortgage rates; how do you know what’s going on specifically in your area? Who do you turn to in order to competitively price your home correctly at the beginning of the selling process? How do you know what to offer on your dream home without paying too much, or offending the seller with a low-ball offer?

Dave Ramsey, the financial guru advises:

“When getting help with money, whether it’s insurance, real estate or investments, you should always look for someone with the heart of a teacher, not the heart of a salesman.”

Hiring an agent who has their finger on the pulse of the market will make your buying/selling experience an educated one. You need someone who is going to tell you the truth, not just what they think you want to hear.

Bottom Line:

You wouldn’t replace the engine in your car without a trusted mechanic. Why would you make one of your most important financial decisions of your life without hiring a Real Estate Professional?


July 23, 2015   No Comments

Existing-Home Sales Bounce Back Strongly in May as First-Time Buyers Return

WASHINGTON (June 22, 2015) — Fueled partly by an increase in the share of sales to first-time buyers, existing-home sales increased in May to their highest pace in nearly six years, according to the National Association of Realtors®. Led by the Northeast, all major regions experienced sales increases in May.

Total existing-home sales1, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, rose 5.1 percent to a seasonally adjusted annual rate of 5.35 million in May from an upwardly revised 5.09 million in April. Sales have now increased year-over-year for eight consecutive months and are 9.2 percent above a year ago (4.90 million).

Lawrence Yun, NAR chief economist, says May home sales rebounded strongly following April’s decline and are now at their highest pace since November 2009 (5.44 million). “Solid sales gains were seen throughout the country in May as more homeowners listed their home for sale and therefore provided greater choices for buyers,” he said. “However, overall supply still remains tight, homes are selling fast and price growth in many markets continues to teeter at or near double-digit appreciation. Without solid gains in new home construction, prices will likely stay elevated — even with higher mortgage rates above 4 percent.”

Total housing inventory2 at the end of May increased 3.2 percent to 2.29 million existing homes available for sale, and is 1.8 percent higher than a year ago (2.25 million). Unsold inventory is at a 5.1-month supply at the current sales pace, down from 5.2 months in April.

The median existing-home price3 for all housing types in May was $228,700, which is 7.9 percent above May 2014. This marks the 39th consecutive month of year-over-year price gains.

The percent share of first-time buyers rose to 32 percent in May, up from 30 percent in April and matching the highest share since September 2012. A year ago, first-time buyers represented 27 percent of all buyers.

“The return of first-time buyers in May is an encouraging sign and is the result of multiple factors, including strong job gains among young adults, less expensive mortgage insurance and lenders offering low downpayment programs,” said Yun. “More first-time buyers are expected to enter the market in coming months, but the overall share climbing higher will depend on how fast rates and prices rise.”

According to Freddie Mac, the average commitment rate for a 30-year, conventional, fixed-rate mortgage climbed in May to 3.84 percent from 3.67 percent in April but remained below 4.00 percent for the sixth straight month.

NAR President Chris Polychron, executive broker with 1st Choice Realty in Hot Springs, Ark., says Realtors® overwhelmingly support the Consumer Financial Protection Bureau’s proposal of a two-month delay for the implementation of the new Truth in Lending Act and Real Estate Settlement Procedures Act Integrated Disclosure, or TRID, regulation. “NAR has long advocated the need to avoid implementing the new regulation during the peak buying season,” he said. “With interest rates on the rise, many families wanting to buy are looking to lock-in at current rates and move into their new home before the school year starts. Holding off on TRID implementation through the summer helps these buyers avoid any disruption or delays in closings that could develop once the regulation goes into effect.”

With demand continuing to far exceed supply, properties typically stayed on the market for 40 days in May, up from April (39 days) but the third shortest time since NAR began tracking in May 2011. Short sales were on the market the longest at a median of 131 days in May, while foreclosures sold in 56 days and non-distressed homes took 38 days. Forty-five percent of homes sold in May were on the market for less than a month.

All-cash sales were 24 percent of transactions in May for the third straight month and are down considerably from a year ago (32 percent). Individual investors, who account for many cash sales, purchased 14 percent of homes in May, unchanged from last month and down from 16 percent in May 2014. Sixty-seven percent of investors paid cash in May.

Distressed sales4 — foreclosures and short sales — remained at 10 percent for the third consecutive month in May and are below the 11 percent share a year ago. Seven percent of May sales were foreclosures and 3 percent were short sales. Foreclosures sold for an average discount of 15 percent below market value in May (20 percent in April), while short sales were also discounted 16 percent (14 percent in April).

Single-family and Condo/Co-op Sales

Single-family home sales jumped 5.6 percent to a seasonally adjusted annual rate of 4.73 million in May from 4.48 million in April, and are and now 9.7 percent above the 4.31 million pace a year ago. The median existing single-family home price was $230,300 in May, up 8.6 percent from May 2014.

Existing condominium and co-op sales increased 1.6 percent to a seasonally adjusted annual rate of 620,000 units in May from 610,000 units in April, and are 5.1 percent higher than May 2014 (590,000 units). The median existing condo price was $216,400 in May, which is 1.9 percent higher than a year ago.

Regional Breakdown

May existing-home sales in the Northeast jumped 11.3 percent to an annual rate of 690,000, and are now 11.3 percent above a year ago. The median price in the Northeast was $269,000, which is 4.8 percent higher than May 2014.

In the Midwest, existing-home sales rose 4.1 percent to an annual rate of 1.27 million in May, and are 12.4 percent above May 2014. The median price in the Midwest was $181,900, up 9.4 percent from a year ago.

Existing-home sales in the South increased 4.3 percent to an annual rate of 2.18 million in May, and are 6.9 percent above May 2014. The median price in the South was $198,300, up 8.2 percent from a year ago.

Existing-home sales in the West climbed 4.3 percent to an annual rate of 1.21 million in May, and are 9.0 percent above a year ago. The median price in the West was $324,000, which is 10.2 percent above May 2014.

Media Contact: Adam DeSanctis


June 22, 2015   No Comments

How Will Mortgage Rate Hikes Impact Home Sales?

How Will Mortgage Rate Hikes Impact Home Sales? | Keeping Current Matters

When mortgage interest rates begin to climb, experts immediately begin to discuss home affordability indexes. They calculate how an increase in rates will slow home purchases as more and more potential buyers are priced out of the market. Today, with home prices also increasing, many believe that home sales may slow down rather dramatically.

This may prove to be true in the long term. However, in the short term, increasing mortgage rates may have the opposite effect. Many buyers who have been sitting on the fence may realize that delaying their purchase no longer makes sense.

Last week, in a CNBC article, Matt Weaver of Florida-based PMAC Lending explained the impact an increase in rates will have:

“These increases really help the home-buying market. It really gets buyers to really understand that ‘wait a minute, rates are at an all-time low, let’s react now, let’s react before they go higher’.”

As an example, we can look to 2013 when interest rates spiked up by a full percentage point over a two month period. The result is that many buyers rushed to the market on the fear that rates would continue to climb. It didn’t necessarily increase the number of sales that year dramatically.

However, it did seem to move some sales up in the year as evidenced by the chart below:

Home Sales & Impact of Mortgage Rate Spike | Keeping Current Matters

We can see that the sales cycle did not follow a more normal cycle (2014) with more sales being pushed into July and August and slightly less sales in September and August.

Bottom Line

If you are waiting to put your house on the market, think twice. Now may be the perfect time to sell as buyer competition will continue to heat up as more purchasers jump into the market. You may also save a pretty penny on the monthly mortgage payment of your next home by selling now before rates shoot up.


June 18, 2015   No Comments

Homeownership Rate Sinks to Lowest Level Since 1993



The percentage of U.S. residents who own their homes is at the lowest point it has been for more than 20 years, according to a report from the U.S. Census Bureau. In the first quarter of 2015, 63.8% of people owned their housing units, down from 64.8% at the start of 2014 (these figures are seasonally adjusted).

The Census data includes decades of quarterly, seasonally adjusted homeownership rates, and those rates have not fallen below 64% since 1993. The rate was 64% in the fourth quarter of 2014. The margin of error for quarterly homeownership rates is 0.3%, meaning the change from the end of last year to the start of this year wasn’t statistically significant. The year-over-year change is.

Homeownership peaked in the second quarter of 2004 at 69.4% and has generally declined since. Looking just at first-quarter data, the homeownership rate has steadily fallen from a high of 69.2% in 2005. Among consumers younger than 35, homeownership is far less common than it was six years ago, when nearly 40% of that age group were homeowners. As of last quarter, not quite 35% of them are (not seasonally adjusted). The greatest decline in homeownership over the last year came in the 35- to 44-years-old category: It fell from 60.7% in quarter one 2014 to 58.4% this year.

There are many reasons homeownership rates have fallen. Though foreclosure rates have fallen in recent years, they still remain historically high. Former homeowners who went through foreclosure likely haven’t yet been able to return to the real estate market, which partially accounts for the higher number of renters.

On top of that, mortgages aren’t easy to get. Lending standards have eased a bit since the recession, but even consumers with decent credit are still finding it difficult to secure home loans. Given that climate, the most control consumers have over attaining their dream of owning a home is to get their credit in good shape (you can see where you stand by getting a free credit report summary on Coupled with a solid financial standing and an affordable market, a credit history of on-time payments and well-managed debt can improve consumers’ chances of loan approval.

This article was written by Christine DiGangi and originally published on


May 14, 2015   No Comments