Morning Minute: Freddie Mac offers six quick steps to boost your credit



Thinking about buying a home? Get to work on building your credit now and it could help you get ready for the spring homebuying season, according to Freddie Mac executive Danny Gardner. In a recent blog post, Gardner covers six practical steps consumers can take to improve their FICO score. Two ideas: Establish credit independently of your spouse or partner and open a checking and savings account if you don’t already have one. Read more.

In other headlines:

FHFA announces 2016 conforming loan limits – HousingWire

The Mortgage Balancing Act: What You Spend vs. What You Make –

Half-Priced Homes from HUD: What to Know – NAR Daily Real Estate News

Morning Minute: Pending home sales headed slightly higher in October

After two months of declines, U.S. pending home sales headed back into positive territory, rising 0.2 percent in October compared to the month before. The news is even better when comparing year-to-year with pending sales climbing 3.9 percent higher than last year, according to the National Association of REALTORS® (NAR), which released its Pending Home Sales Index today. Read more.

In other headlines:

Rent vs. Buy: Either Way You’re Paying A Mortgage – KCM Blog

2015 Home Buying Trend: Purchasing Larger Homes – NAR

Morning Minute: Is it time for a homeowners insurance check-up?

Image: Bigstock

Image: Bigstock

It pays to do an annual review of your homeowners insurance policy to see if your coverage still fits your needs. Has anything changed that needs to be reflected in your policy? Do you have more insurance coverage than you need?

HouseLogic, a consumer website from the National Association of REALTORS®, outlines what you need to consider when it comes to homeowners insurance. Read more.

In other headlines:

Why Buyers Need to Buy That New Home Now – NAR Daily Real Estate News

Homeownership Builds Wealth and Offers Stability – KCM Blog

5 Winter Home Improvement Projects for Less Than $1,000 – Styled, Staged and Sold Blog

Morning Minute: First-time buyers accounting for smaller share of market, NAR says

The housing market has seen higher home sales and median prices in recent months, but the number of first-time home buyers entering the market has seen a decline, according to the 2015 Profile of Home Buyers and Sellers from the National Association of REALTORS® (NAR). First-time buyers accounted for 32 percent of all buyers, down from 33 percent a year ago. NAR Chief Economist Lawrence Yun said low housing inventory, higher home prices and difficulty saving for a down payment or qualifying for a mortgage can all be hurdles to first-time buyers. Read more from NAR.

In other headlines:

Home Sellers Net Highest Profits in 8 Years – NAR Daily Real Estate News

Freddie Mac issues credit-scam warning to potential homeowners – HousingWire