Enjoy July 4th by Being Environmentally Aware
July 6, 2008
There are many ways to celebrate the 4th of July while staying environmentally friendly - go green on the 4th!
Report Shows Mortgage Rates Still Attractive
July 6, 2008
This morning the Mortgage Bankers Association (MBA) announced that overall mortgage activity, which includes applications for a mortgage to both purchase and refinance a home, increased 3.6 percent last week compared to the week prior.
Mortgage Rates Lower on Jumbo Loans for People in 3,000 U.S. Counties
July 6, 2008
Congress has lifted the conforming loan limits in thousands of counties across the country. The government is allowing mortgage giants Fannie Mae and Freddie Mac to buy more — and larger – loans. And the FHA has rolled out its jumbo loan. So what does it all mean for you? Well, if you’re a homeowner, or even thinking about becoming one, you may just find it’s easier to get approved for a loan.
Selling Your Home With Fathead
July 6, 2008
Sometimes, it’s the extra personal touches to your home that motivate buyers to make an offer.
Federal Reserve Leaves Rate Unchanged
July 6, 2008
The pause was widely anticipated by financial markets, which were focused more on the language of the announcement to see what degree of concern the Fed has over rising inflation versus a struggling economy.
FHA Loans Go Big, Way Big, as In Jumbo Loan Sized
July 6, 2008
FHA loan limits were raised by Congress and now include some loans that previously were labeled as Jumbo Loans. Folks looking to refinance or buy a home should take advantage of low housing prices and higher FHA loan values.
Does someone you know need a reverse mortgage?
July 6, 2008
In today’s economy, chances are you know someone, even a loved one, who may be struggling financially. If staying in the home they love is important, exploring the option of a reverse mortgage could be the key to making it all work.
Rates Improve For Some Loans On Pricey Homes
July 6, 2008
In an effort to boost the struggling economy, Congress voted some months ago to raise the conventional home loan limits. In the past few weeks, the rates on the new “jumbo loans” have dropped considerably.
Mortgage Applications Drop, FHA Loans Remain Strong
July 6, 2008
The Mortgage Bankers Association announced this morning that applications for mortgages dropped 8.7% last week compared to the week prior. This should come as no surprise, as last week saw rates climb to their highest levels in some time. FHA loans remain strong and are helping consumers.
Mortgage Calculators and Websites make Home Buying Easier Than Ever
July 6, 2008
There was a time when getting information on mortgage rates, home affordability (as in how much home you can afford), pre-qualifying for a mortgage, and even your current home’s value was no easy task. It required doing lots of research - making numerous phone calls, visiting banks and probably real estate offices. Not anymore.