Mortgage

From The Mortgage Reports: It's different to be a first-time home buyer as compared to an experienced one First-time home buyers often skew younger than the general home-buying population which means less work experience, lower income levels, and usually, less money saved for down payment. It also can mean higher levels of federal student loans and debt. Read more.

Before you fall in love with a house and call up your agent to make an offer you need to make sure your financing is in order. There are any number of mortgage options in Louisville. Here are some other great tips on getting your financial house in order before you buy one. Read more.

(From Marketwatch.com)  By most estimates, mortgage rates were expected to climb this year, with rates on the 30-year fixed-rate mortgage predicted to exceed 5%. Instead, rates are now lower than they were this time in 2013 — much to the advantage of mortgage shoppers. There are a few reasons why higher rates never came to pass. Rates on the 30-year fixed-rate mortgage averaged 4.15% for the week ending July 10, according to Freddie Mac’s weekly survey of conforming mortgage rates. A year ago, rates averaged 4.51%. Read more.