It’s the great credit divide in American housing: If you buy a home and pay your mortgage on time regularly, your credit score typically benefits. If you rent an apartment and pay the landlord on time every month, you get no boost to your score — zip. Because most landlords aren’t set up or approved...
Filed under: News, Buying, Financing, Refinancing Zillow*The weekly mortgage rate chart illustrates the average 30-year fixed interest rate in six-hour intervals. By Lauren Braun Mortgage rates for 30-year fixed mortgages rose this week, with the current rate borrowers were quoted on Zillow Mortgages at 4.05 percent, up from 3.96 percent at this same time last week. The 30-year fixed mortgage rate...
Filed under: News, Buying, Financing Shutterstock By Scott Sheldon Ever hear stories in the break room about how difficult it is to get a mortgage? "I have to jump through so many hoops to get my mortgage, it's ridiculous. They keep asking me for financial information, I swear I already gave it to them." Reality check: Obtaining a mortgage is no easy feat these days, no matter how great your credit...
Filed under: News, Foreclosures Getty Images By Elvina Nawaguna WASHINGTON -- Foreclosure activity jumped in August for the second consecutive month as banks started the process on more properties and scheduled more housing auctions, industry firm RealtyTrac said Thursday. Overall, 116,913 properties were at some stage of the foreclosure process, which includes foreclosure notices, scheduled auctions...