Finance & Mortgage

Housing Market Beats Expectations, Says KC Fed President

In spite of the shaky steps the economy has given in its way to recovery, improvements in employment and the real estate market surpassed expectations, said Federal Reserve Bank of Kansas City President, Esther George.

Mortgage Rates Remain Steady and Low

Rising mortgage rates are slumping after a pike in December, which was the strongest since the 2008 financial crisis hit. Mortgage buyers credit the fall to more mortgage choices for first-time buyers and a boost in lender confidence.

No-Money-Down Mortgage Loans Back in the Market

100 percent financing home loans or the No-Money-Down Mortgage payments have reportedly bounced back into the market but will only be available to affluent buyers. Banks and lending institutions claim that the loans are back due to high demand and are a much safer option where wealthy investors are concerned.