Contrary to popular belief, buying a home should never be complicated, confusing, stressful, or frustrating, and if your Realtor is doing their job, it won’t be. With the proper systems in place your transaction can be smooth, exciting and even fun. There really are lenders who won’t lecture you, home inspectors who won’t alarm you,… Read More
Mortgage Applications Drop 11 Percent Mortgage applications decreased 11.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 22, 2016. The Market Composite Index, a measure of mortgage loan application volume, decreased 11.2 percent on a seasonally adjusted basis from one… Read More
Mortgage Rates Hover over Historic Lows Average fixed mortgage rates ticked up slightly across the board but remain near historic lows, according to the recently released Freddie Mac Primary Mortgage Market Survey®(PMMS®). “Post-Brexit volatility tapered off over the last few weeks, allowing interest rates to bounce back a bit from their record and near-record lows,”… Read More
My advice? If you’re a potential Home Buyer and you’re on the fence, GET OFF! The new low for mortgage interest rates is unbelievable! ~Bill By Jonathan Smoke The surprise victory in Britain of the campaign to leave the European Union may be spurring panic across the Continent (and among some regretful British voters), but… Read More
Video: What to Consider Before Borrowing Home Equity – Home Equity loans were very nearly taboo for quite some time but their coming back into favor. In favor of an equity loan as opposed to a personal loan, mortgage rates are still low (make no mistake, this is a type of mortgage or home financing,… Read More
While recent data darkened the growth outlook for the first quarter, April data has experts predicting housing will maintain its momentum in 2016 and be an economic engine of growth. This insight comes from data recently released by Freddie Mac. The report shows that recent declines in mortgage rates have also boosted refinance potential. “We’ve… Read More
Eighty-six percent of the typical bank’s mortgage loans made last year were “qualified mortgages,” according to the American Bankers Association’s 23rd annual Real Estate Lending Survey. Despite an increase in non-QM lending, the survey results revealed that 72 percent of respondents expect the Consumer Financial Protection Bureau’s mortgage lending rules will continue to cause a… Read More
How to Beat the Competition This Buying Season Mortgage rates are very low and home prices are stable or rising in most communities across the United States, and a recent poll by NeighborWorks America found that nearly nine-of-ten consumers say that homeownership is at least somewhat important. In order to get a leg up on… Read More
What do you think about this? Folks who are independent contractors, entrepreneurs and/or freelance business people would necessarily have connections on facebook and other social networks that they neither know personally nor are associated with in any other way. That’s what marketing one’s own business is all about… networking. So if you are connected on… Read More
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
