Amazing Property

When you get a copy of your credit report, you’ll see much more than just the credit accounts you have or had have. You can see your mortgage history, for example. You’ll see the original balance, the current balance, how old or new the mortgage is and what the monthly payments are. Next, you’ll see your payment history which will show any payments made more than 30, 60 and 90 days past the due date. Other credit accounts will show similar information. But the credit report will show more than just your credit accounts. It will also show something else referred to as ‘credit inquiries.’ What’s a credit inquiry? A credit inquiry is simply a third party looking at your credit report. There are two such types of credit inquiries. A hard and a soft inquiry. There is no third inquiry. No ‘In-Between’ type of inquiry. Credit inquiries can have an effect on your overall credit scores, but not all inquiries will. A soft inquiry is one w...

Mortgage Rates Back Above 3%. Will They Keep Rising? | Realtor Magazine Internet Explorer does not currently support REALTOR® Magazine search. IE users, please download Firefox, Chrome, or Edge. The 30-year fixed-rate mortgage averaged 3.01% this week, posting a sharp rise after spending nearly four months below 3%. Economists expect mortgage rates to continue to increase modestly over the next few months. “Mortgage rates rose across all loan types this week as the 10-year Treasury yield reached its highest point since June,” says Sam Khater, Freddie Mac’s chief economist. “Many factors led to this increase, including the Federal Reserve communicating that it will taper its support of the capital markets, the broadening of inflation, and emerging energy supply shortages, which compound other labor and materials shortages.” An increase in mortgage rates over the next few months—even though expected to be slight...