There’s a bit of a fracas brewing in Arizona’s Real Estate market but that’s nothing unusual for this time of year, in fact Arizona perfectly reflects similar activity throughout the country. Low resale inventory, sluggish turn-times for New Construction homes, low interest rates gradually evaporating, and a steady stream of home buyers entering the market… Read More
Refinances down but new mortgages are up. I’m not at all convinced that the recent indifference toward mortgage refinancing has anything to do with rising interest rates. I’m more inclined to assume that because low mortgage rates have been around for an extended period of time, most everyone who wanted to refi has already done… Read More
Video: Dodging Common Home Buying Pitfalls. There’s an advisable procedure for buying a home and no matter how many times you’ve been a home buyer, no matter where you’re buying or in what price range, there are certain steps that it just isn’t smart to skip. I agree with the advice in the video below… Read More
How much will mortgage rates increase? Rumor has it, mortgage rates are on the rise. The economy is undeniably healthy… have you checked your retirement accounts lately? Unemployment rates have dropped considerably, nationwide unemployment is at its lowest in over a decade. And low interest rates have remained on the charts much, much longer than… Read More
Can you improve your own credit score? The video below offers some advice if you choose to work with a credit counselor and some warnings, but you can actually repair your credit yourself in a few straightforward steps. Check your credit report on annualcreditreport.com. This is the only site authorized by federal law to provide… Read More
The Gig Economy – Mortgage App Tips for Contractors and Self Employed The Gig Economy has been a hot topic lately. As the work-from-home concept cycles yet again into the fashionable zone, freelance and contract entrepreneurs are flourishing. But current mortgage regulations in our country are not self-employment friendly. That doesn’t mean you can’t get… Read More
Video: Applying for a Mortgage? Be Prepared. When you apply for a mortgage, your lender will take a good hard look at the last two years of your life. From names and addresses of employers to child support and alimony payments, everything even remotely related to your personal finances will be an open book. Start… Read More
No Flip-Flop in Home Prices Expected. Nationwide, unemployment is down and new job creation has been rising at a very promising rate, residential rents are increasing in all major metro areas and mortgage interest rates are still low… the perfect storm for a stable Real Estate market. Due in part to a long-term lack of… Read More
A Rare Balance: Mortgage Rates Hit a New Low, Home Prices Remain Stable. I realize this isn’t the season that most folks choose to move. Kids are settled into classrooms, ‘bad weather’ season is on its way in most parts of the country, and the holidays are creeping up fast. I get all that, I… Read More
Housing Industry Growth Unclear as the Nation Awaits Policy Decisions. Housing affordability, as in any market, is controlled by supply and demand. Currently, at least in the affordable housing sector, demand is exceeding supply. This news isn’t all bad however. Home Sellers are experiencing the advantage known as ‘Seller’s Market’ for the first time in… Read More
