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Tag Archives: housing

Lakeland facing affordable housing dilemma – News

A household is considered affordable if the total cost of rent or mortgage payments, taxes, utility fees and insurance make up no more than 30% of the household’s gross income. That’s not happening in Lakeland. LAKELAND — The nation is in the midst of an affordable housing crisis, and Lakeland …

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Holistic approach needed to fix vital federal mortgage programs

In late March, the Trump administration sent a memo asking the Department of Housing and Urban Development and Treasury to develop plans and recommendations on housing finance reform, focusing on key federal mortgage programs that they oversee, such as the Federal Housing Administration, Ginnie Mae, Fannie Mae and Freddie Mac. …

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It’s not your parents’ housing market anymore

Today‘s homebuyers are a lot different than those of the past. Gone are the days when first-time buyers were mostly married, with kids, and had previously rented. No longer is it as easy or desirable to borrow from banks for everything, instead of saving up or getting help from family …

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Home-loan rates dip for third week

A construction crew works on a building early this year in Salisbury, Mass. U.S. housing starts rose in April as mortgage rates continue to fall, adding momentum in the housing sector. WASHINGTON — U.S. long-term mortgage rates fell slightly this week, marking a third-straight week of declines as a continued …

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