According to the National Association of Home Builders Housing Market Index for March, builder confidence in market conditions reached its highest level in 12 years and was six points higher than February's index reading of 65.
From putting your home on the market to finding the lender with the best rates, there are so many things involved in buying a home that the terminology is just one more thing to add to the list. While there may be quite a few words you'll hear that may be unclear, here are a few you'll want to watch out for so you'll be prepared for home ownership.
There's a burden that comes along with having to do your taxes every spring, but it can actually be a great benefit if you're getting a sizeable refund this year. While many people like the idea of going on a trip or spending the extra funds, here's why you may want to consider investing it back into your home for a profit you'll be able to see!
Last week's economic readings included reports on construction spending, Case-Shiller Home Price Indices and pending home sales. Fed Chair Janet Yellen said in a speech that federal interest rates would "likely" be raised. Weekly reports on new jobless claims and mortgage rates were also released.
Finding the right home and the right mortgage can take a lot of time and energy, so it's important to consider whether you'll be prepared for approval before diving into the process. Whether you've had some financial setbacks or you just want to have an idea ahead of time, here are some ways to quickly determine if you'll be pre-approved for a mortgage.