mortgages: Maximum Seller Buy-Down? What does this mean? - 07/13/08 09:02 PM
This week I received a flyer from one of the local Flagstaff lenders with whom I work -- another technique for her to drum up business, I thought. Then I took another look. It was really an old technique for selling homes, but maybe one I'd forgotten about.
The strategy, in … (11 comments)
mortgages: Second Mortages A Thing of the Past? - 08/18/07 05:14 PM
One of my Flagstaff mortgage originators told me on Friday that no second mortgages (as in 90-10-10) are available. They are doing PMI (private mortgage insurance) on the second 10%. (I said, good thing Congress made PMI deductible!) What do the Active Rain mortgage experts have to say - are there any piggybacks … (10 comments)
mortgages: Consumer Inflation Announcement Leaves Us Guessing on Fed Rate Cuts - 08/15/07 09:07 AM
See yesterday's post on speculation about what the Fed might do in light of the latest numbers on the economy: More Musings on Interest Rates. This continues the thoughts commenting on today's news. The consumer price index (the most important measure of inflation concerns) rose less in July than it had in June, … (0 comments)
mortgages: More Musings on Interest Rates - 08/14/07 11:02 PM
If anyone is still holding out hope that the Federal Reserve will reduce interest rates anytime soon, that hope should have suffered a blow today as the government announced that producer prices rose 4% over the past year, exceeding expectations. That was so-called "total producer prices." Meanwhile, the "core rate of … (4 comments)
mortgages: SubPrime Woes, or Exaggerated Problem? - 08/09/07 01:36 PM
I am looking at headlines saying "stocks tumble on subprime woes." This a.m., there was an NPR talk show, Diane Rehm, on the subprime issues. If you have a chance, listen to it on line. It was a good, well-balanced panel. One of the things I heard was that in 2005-2006, … (9 comments)
mortgages: Mortgage Rates on Jumbo Loans -- Up, Up, and Away? - 08/07/07 03:53 PM
My Opinion on Buying a Home Now In Flagstaff, AZ As mentioned in one of my blog posts last week, we are seeing the impact of mortgage investor uneasiness on "prime" not just the sub-prime borrowers. These mortgages exceed the $417,000 limit for loans eligible for purchase and guarantee by Fannie and … (1 comments)
mortgages: Prices Dropping in Flagstaff - 08/03/07 07:20 PM
Home Prices Unquestionably Trending Down in Flagstaff But Sales Volume Holds Steady Overall, the Flagstaff market held steady in July, according to statistics of the Northern Arizona Association of Realtors.® The number of homes for sale in the Flagstaff market broke the 1000 mark as we crossed into July and was exactly … (6 comments)
mortgages: If mortgage debt is good debt, why are so many borrowers having such a bad time? - 05/23/07 10:46 AM
If mortgage debt is good debt, why are so many borrowers having such a bad time? Jonathan Clements poses an nteresting question today in his Wall Street Journal column. He discusses why leveraging using a mortage can be your best investment move. Or could turn into more than a giant headache. Read the column here: … (0 comments)
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Ann Heitland, Associate Broker, CRS, GRI , ABR ~ Flagstaff Real Estate/Community
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This week I received a flyer from one of the local Flagstaff lenders with whom I work -- another technique for her to drum up business, I thought. Then I took another look. It was really an old technique for selling homes, but maybe one I'd forgotten about.
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