Hub News

NAHB Chairman Responds to Obama’s FHA Announcement

National Association of Homebuilders (NAHB) chairman Kevin Kelly released a statement on Thursday applauding President Barack Obama and the FHA for lowering annual mortgage insurance premiums. “NAHB commends the President for taking action to reduce FHA’s annual mortgage insurance premiums

FHA to Lower Cost of Mortgage Insurance

President Barack Obama announced on Wednesday that the Federal Housing Administration will soon be cutting its annual insurance premiums from 1.35 percent to .85 percent. “This action will make home ownership more affordable for over two million Americans in the

Increase in Available Rental Units Likely to Slow Down Rent Growth

There’s good news on the horizon for renters: As the number of available rental units continues to the increase, the rate of rent growth is likely to slow down. “Although an improving labor market with more jobs and faster wage

Housing Market in 2015: Mostly Optimistic, with One Cause for Concern

According to NPR, housing experts expect 2015 to be mostly positive on the home-buying front, though there is one cause for concern. The news source says that, thanks to lower unemployment rates, lower housing prices, higher rents and an entire

Winter Is Best for Homebuyers

Although it’s not the only thing to consider, timing plays a big factor in home buying. And according to a new report by CNBC, the winter months are often the best time to buy. “There’s less competition from other buyers,”

Refinancing Could Save Your Home

Rates are currently at an all time low, but most homeowners do not even apply to refinance their home. Close to 20% of homeowners pay interest rates of 8% or higher. This is double the current rate. Millions could save

Spring is here

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An Audio Post

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Rates Trend Upward Heading Into New Year

According to Freddie Mac, mortgage rates are on the rise heading into the new year. Rates were predicted to rise in 2014, but had ultimately dropped by the year’s end. Image via Instagram/davenuperrealtor Continue to original source

Mortgages Less Challenging for First-Time Buyers

First-time homebuyers are finding it easier to buy a home. Some buyers are able to make down payments of as little as 3 percent. This was set up by the Federal Housing Finance Agency to make homes easier to afford

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