Mid America Mortgage Blog

Existing-Home Sales Fall In February

After beginning 2017 at the fastest paces in nearly 10 years, sales of existing homes fell in February but remained higher than they were a year ago, both nationally and in all four major regions. This information comes from the National Association of Realtors’® (NAR) March 22 press release. The reason behind the slowdown? Fewer closings due to lower inventory.

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How much should the average person save for retirement?

100 dollar bill

For most American families, saving money for retirement is a concern. However, according to recent data, most of those families — including those who are close to retirement — have little to no retirement savings. A report from the Economic Policy Institute (EPI) recently revealed that the mean retirement savings of a family between 32 and 37 years old is $31,644. These retirement savings include 401(k)s, IRAs, and Keogh plans. However, this figure doesn’t exactly represent the majority of Americans. Since so many families have nothing in savings while others can pull up the average by being super-savers, it’s better

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Last Week In Mortgage News: March 28 – April 3, 2017

mortgage application and keys

The Mid America Mortgage blog shares one post a week with a recap of the major events and noteworthy data released the week prior. This can be helpful for home buyers and homeowners as it allows them make more informed decisions when it comes to their home financing choices. What’s in Today’s Recap? More Millennials Tapping Into Home Equity Pending Home Sales Up 5.5% NAHB Kicks Off New Homes Month Weekly Mortgage News Update: March 28 – April 3, 2017 More Millennials Tapping Into Home Equity Thanks to the rapid rise of home values across much of the nation, homeowners have

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