What is PITI and How Does it Affect Your Mortgage?
The mortgage industry has its own language, and in order to understand it, homebuyers need to learn different acronyms and jargon when shopping for a home loan. A typical home loan payment or mortgage payment involves a single payment, which is the sum of four different line items: the loan principa
So Far, It’s a Good Year for Condo Sales
A condo still sells for less than a single-family home, but prices remain firm and rising in many areas, including most of South Fla. MIAMI – The good news is that the national median condo sale price of $331,000 remains lower than the average single-family home price in the U.S., which was $348,079
March Single-Family Starts Rise 0.8%
Within that overall number, single-family starts rose 2.7% and multifamily starts dropped 5.9%. Homebuilders see it as “signs of a gradual upturn.” WASHINGTON – Single-family production showed signs of a gradual upturn in March as stabilizing mortgage rates and limited existing inventory helped to o
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