A home is usually the most valuable asset for a family. The home for many people symbolizes the juncture in life, when they have ‘settled’ and established themselves financially. The possession of a home is often an indicator to many lenders that the borrower is financially sound and … [Read more...]
Freddie Mac: Mortgage Rates Near Record Lows, Home Prices Up in November
The housing market may have a long to reach full recovery, but it’s certainly bouncing back from the Great Recession. According to a new report from Freddie Mac, rates for 30-year mortgages have dropped to just 3.32 percent, barely more than the record low dating back to 1971. … [Read more...]
Third Quarter Increase in Profit for Wells Fargo
Wells Fargo released their third quarter earnings statement showing a 22% increase for the quarter. Wells Fargo has the largest worth of any U.S. Bank and is the nation’s largest financial institution when it comes to mortgages. Driving this strong financial quarter for Wells … [Read more...]
