financing: Avoid These Roadblocks to Closing
- 06/05/17 03:09 PM
“Clear to close!” That is definitely one of my favorite phrases of all time. But getting to that point can sometimes be challenging. According to the REALTORS® Confidence Index, which is based on responses from more than 2,500 Realtors nationwide, 23 percent of real estate professionals say they faced closing delays for a transaction in March, and 7 percent say the sale contract was terminated altogether. Respondents to the survey say the two main reasons were clients having trouble obtaining financing, followed by appraisal issues. How can you avoid these top two major roadblocks to closing? Get Pre-Approved Before Looking for a Home* The best way to ensure … (3 comments)
financing: Did you miss it ??
- 03/27/15 03:41 AM
This past week may have been the best week to lock in 2015! Especially for Jumbo financing. Rates on 30 year fixed loans on Wednesday for the best borrowers were 3.625% to 3.75% FIXED.
My near term outlook remains positive, and rates are still historically amazing. However, the magnitude of the selling the last two days is worrisome. Initial Weekly Jobless Claims: 282K vs est of 290K very close to consensus estimates and not a driving force in rates in early bond trading. February New Home Sales finally broke above 500K with a reading of 539K vs market expectations of … (0 comments)
financing: Welcome to the rate roller coaster!
- 08/02/13 03:12 AM
This week was packed with major economic reports and a Fed meeting. With investors looking for hints about when the Fed will begin to taper its bond purchases, the data caused a great deal of volatility. Because the economic news was roughly neutral overall, though, mortgage rates ended the week just slightly higher. The economic data released on Wednesday, Thursday, and Friday caused large swings in mortgage rates. Positive news on economic growth was bad for mortgage rates and vice versa. Second quarter GDP increased 1.7%, above the consensus of 1.1%, and mortgage rates jumped. Then, ISM Manufacturing unexpectedly increased … (0 comments)
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