Let me help you find a mortgage that is right for you~

Consumers say getting a mortgage is easy McLEAN, Va. – March 12, 2015 – Fifty-four percent of Americans say that they believe getting a mortgage is easy – a record high number for Fannie Mae's National Housing Survey, which is a monthly poll of about 1,000 Americans' attitudes toward the housing market. The February 2015 [...]

March 20th, 2015|

Mortgage Rates Still Low-

End-of-year mortgage rates remain below 4%   WASHINGTON (AP) – Jan. 5, 2015 – Average U.S. mortgage rates rose slightly last week, but the benchmark 30-year rate stayed near a 19-month low. Mortgage giant Freddie Mac says the nationwide average for a 30-year fixed rate mortgage increased to 3.87 percent last week, up from 3.83 [...]

January 13th, 2015|

New lending guidelines target first-time homebuyers

New lending guidelines target first-time homebuyers   WASHINGTON – Dec. 16, 2014 – Years after the bursting of the housing bubble, many consumers – particularly young borrowers and those who suffered a major financial setback during the Great Recession – have found it is difficult to qualify for a mortgage. People who experienced a temporary [...]

December 19th, 2014|

Coming soon: The return of the 3% downpayment

WASHINGTON AP – Dec. 9, 2014 – Some Americans will soon be able to buy a home with a down payment as low as 3 percent, compared with the current minimum of 5 percent, the mortgage giants Fannie Mae and Freddie Mac say.The new lending guidelines announced by the companies Monday are designed to help [...]

December 9th, 2014|

Buying after a short sale? Let me help you!!

Although this article may SOUND discouraging, it doesn't have to be bad news!!  I work with several lenders who can get people who had to Short Sale into a new home just 1 year after the Short Sale is finalized.  JUST CALL ME TO DISCUSS YOUR OPTIONS!! 239-281-7980 Buying after a short sale? The wait [...]

December 2nd, 2014|

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|

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|

I’m pretty cautious on Real Estate outlook- apparently I am not alone

Consumer fears over economy slow housing activity WASHINGTON – June 9, 2014 – Americans' concerns about the direction of the economy and their household income appear to be weighing on housing growth, according to results from Fannie Mae's May 2014 National Housing Survey. The share of respondents who still believe the economy is headed in [...]

June 18th, 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|
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