Families Must Spend 38% of Income on Mortgage

A new NAHB/Wells Fargo survey also found a typical family would have to pay 36% of their income for a median-priced existing home.

Rates Jump to Highest Levels in More Than 3 Weeks

It was a mini rollercoaster of a day for mortgage rates with the average lender starting the day at lower levels than Friday only to end at the highest levels since May 3rd.  The weakness was driven by a combination of economic data, comments from Fed officials, and weaker US Treasury auctions.

Handling a Surprise Special Assessment

When a closing attorney told the buyer about a pending special assessment on a condo purchase, the buyer was shocked. Now what?

Tips for Getting the Best Mortgage Rate

Some strategies to get the lowest mortgage rate include taking control of a debt-to-ratio income and maintaining a strong employment record.