What Matters More to Housing: Price or Rates?

There has long been a saying in the real estate market that potential homebuyers don't buy according to the home price or the mortgage rate. Instead, "they buy the monthly payment." The monthly payment is, of course, a combination of rate and price, but the weight of each can change dramatically.For example, home prices were [...]

November 15th, 2014|

NOW IS THE TIME TO LOCK IN LOW RATES!!!

Mortgage Rates Hover Near Yearly Lows DAILY REAL ESTATE NEWS | FRIDAY, JULY 25, 2014 Fixed-rate mortgages remained mostly unchanged this week, with borrowing costs just slightly above their lows for 2014, Freddie Mac reports in its weekly mortgage market survey.Are low interest rates spooking your potential move-up buyers? Read this: Understanding and Combatting the [...]

July 29th, 2014|

7 Steps to Take Before You Buy a Home

By: G. M. Filisko Published: February 10, 2010 By doing your homework before you buy, you’ll feel more content about your new home.   Most potential homebuyers are a smidge daunted by the fact that they’re about to agree to a hefty mortgage that they’ll be paying for the next few decades. The best way to [...]

July 10th, 2014|

How Low Can Rates Go?

Average 30-year mortgage rate dips to 4.2%   Mortgage Rate Trend Index Almost two-thirds (62%) of experts polled this week by Bankrate.com think rates will remain stable over the short term, while 25% foresee an increase and 13% anticipate further declines. WASHINGTON (AP) – May 16, 2014 – Average U.S. rates on fixed mortgages declined [...]

May 19th, 2014|

More support on the government GOUGING the people who need their help the most

Could that 3.5% down payment loan be overpriced? MIAMI – April 9, 2014 –   Fannie Mae and Freddie Mac, which buy mortgage loans from banks in order to spur more local lending, have boosted their requirements for mortgage insurance to buffer any losses if a homeowner goes into foreclosure.However, Fannie and Freddie have a second [...]

April 16th, 2014|

Freddie Mac: Fla. most-improved state in past year

Freddie Mac: Fla. most-improved state in past year McLEAN, Va. – March 28, 2014 – Freddie Mac released its first-ever Multi-Indicator Market Index (MiMi), a new tool that monitors and measures the stability of the nation’s housing market. MiMi strives to calculate a range of equilibrium for each single-family housing market covered; it will be [...]

April 3rd, 2014|
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