If you’ve been thinking about buying a home in 2016, there may be no better time than right now. Mortgage interest rates are incredibly low, and though our Real Estate Market has certainly recovered, it’s still not out of reach of the average home buyer or first-time buyers. If home buying is not in the… Read More
In January, mortgage applications for new home purchases increased by 14 percent relative to the previous month, according to the Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data. By product type, conventional loans composed 67.4 percent of loan applications, FHA loans composed 19.5 percent, RHS/USDA loans composed 0.7 percent and VA loans composed 12.4… Read More
This year started off with the average time to close a loan increasing to 50 total days, according to the latest Origination Insight Report released by Ellie Mae®. While the average time to close a refinance increased one day from 47 to 48 days, the average time to close a purchase loan climbed one day to… Read More
The article below makes some valid points. It is indeed a good thing that appraisers are, by regulation, not beholden to either banks or realtors. My feeling about recent appraised home value is that appraisers are finally feeling less threatened by government regulation and more comfortable with the ‘independent’ label placed on them. ~Bill By… Read More
Wannabe home buyers rejoice—mortgage rates are steadily declining. Freddie Mac recently released the results of its Primary Mortgage Market Survey® (PMMS®), showing mortgage rates moving lower for the third consecutive week amid another week of market turbulence. “The Freddie Mac mortgage rate survey had difficulty keeping up with market events this week,” says Sean Becketti, chief… Read More
This video contains suggestions for Seniors but everyone can benefit from this advice. Of course we all would love to escape the nightmare of identity theft, but if you’re planning to buy a home it’s especially important to be sure your credit hasn’t been compromised in any way. Pull a credit report well in advance…. Read More
Right now mortgage interest rates are the best I’ve ever seen. As someone who is not a financial expert, I am stunned by another drop in mortgage loan rates. As a Realtor I am thrilled! This bodes well for all of my Buyer clients who are on the verge of making an offer, as well… Read More
Mortgage companies and loan officers will tell you that it is not uncommon for a credit report to contain errors, and those mistakes can cost you! The interest rate you receive on a mortgage depends in part on your credit score, and mistakes in your credit report can have a negative affect on your score…. Read More
In many ways, today’s shifting housing market resembles the real estate climate of the 1980’s, according to Freddie Mac. The company’s November Insight & Outlook report examines the changes in mortgage servicing, discusses some of the factors that produced them since the housing crisis, and looks at the highly influential role the 55+ age cohort… Read More
Turned down for a mortgage? You’re not alone. Many borrowers are finding it difficult to navigate lending requirements and reapply for a loan to buy a home, despite significant improvement in the housing market. If your mortgage application was rejected, take heart. Mike Sullivan, director of education for Take Charge America, a national nonprofit credit… Read More
