ann arbor: Mortgage News You Can Use 5/21/2008 - 05/21/08 02:45 PM
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ann arbor: Mortgage News You Can Use - 05/16/08 11:05 AM
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ann arbor: Mortgage news you can use - 04/04/08 03:26 PM
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ann arbor: Mortgage Insurance Bad or Good? - 03/04/08 03:31 PM
I have been a mortgage lender since 1995 and have heard every negative comment, story, rant, and opinion about Private Mortgage Insurance (PMI). I never really understood why people had such strong negative opinions about PMI. I would, from time to time, try and explain that without PMI most people wouldn't … (3 comments)
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ann arbor: Mortgage News You Can Use October 4th, 2007 - 10/04/07 02:53 PM
The hubbub over the sub-prime mortgage meltdown has abated a bit. A month ago 151 major U.S. lending operations had imploded since late 2006. In the last month the number has increased to 161 operations. We have seen the Federal Reserve cut the Federal Funds Rate by .5% causing short-term rates … (0 comments)
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ann arbor: Reverse Mortgages: Financing the Golden Years - 09/11/07 11:10 AM
Seek a Qualified Mortgage Consultant to Ensure the Best Results
Ann Arbor, MI - Until recently, seniors 62 years of age and older have not had the best choices when it came to getting cash from their homes. Traditional home loans only offered the option of either selling one's house or borrowing … (0 comments)
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ann arbor: Mortgage News You Can Use - 08/29/07 03:15 PM
August 29, 2007
Update: 100% financing is still available. The availability is dependent upon credit score, reserves after closing, and income levels. Appraisal are being scrutinized very carefully as we are in an area with declining values.
Rural Development Loans-We participate in the program and it's a great product once you get … (0 comments)
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ann arbor: Reverse Mortgages - 08/15/07 03:04 PM
There is a lot of talk about reverse mortgages. What is true and what is false about this program. In this Blog I will try to clear up some common myths and help you, the reader, to have a solid understanding.
A reverse mortgage is a FHA insured, government regulated home … (6 comments)
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ann arbor: An idea to sell to first time home buyers - 06/06/07 10:16 AM
A few weeks ago a realtor friend of mine asked me if I had any ideas how she could make her listings more attractive to potential buyers. Most of her listings were under two hundred thousand so she was looking for first time home buyers. I put together a flyer marketing … (4 comments)
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ann arbor: Mortgage News You Can Use 5/31/07 - 06/06/07 10:12 AM
May 31, 2007
Rate Watch- Mortgage rates rose again this week on strong economic growth outside of the housing market. The average rate on 30-year fixed-rate loans climbed to 6.41% for the week ending May 31, up from 6.37% the previous week. Last year at this time, 30-year mortgage rates averaged 6.67%. … (0 comments)
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ann arbor: Mortgage News You Can Use - 03/20/07 03:03 PM
March 20, 2007
The Subprime Dilemma-These loans have been around for years-so why all the drama now?
Many subprime and other adjustable home loan rates have moved dramatically higher, due in part to the Federal Reserve Boards recent rate hike cycle. So as these rates are adjusting higher-and the payment right along … (1 comments)
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ann arbor: Mortgage News You Can Use - 02/27/07 02:22 PM
February 27, 2007
Rate Watch - Mortgage rates fell in the past week. The 30-year fixed rate mortgage averaged 6.22%, down from 6.30% last week, according to Freddie Mac's Primary Mortgage Market Survey. Last year at this time, the 30-year averaged 6.26%.
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What happens overseas has an impact on our interest rates. … (0 comments)
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ann arbor: Mortgage News You Can Use!! - 01/24/07 02:10 PM
Rate Watch - For the week ending January 19th, 30-year fixed rates averaged 6.22%, edging up 0.03 percent from the previous week. The average for 15-year fixed mortgages rose slightly to 5.93%. A year ago 30-year fixed rates were at 6.04%.
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Not much on the economic calendar until Friday's New Home Sales … (0 comments)
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ann arbor: Mortgage News You Can Use 1/11/07 - 01/11/07 03:05 PM
MORTGAGE NEWS YOU CAN USE
Rate Watch - Mortgage rates rose on solid job news after holding steady the previous week. The 30-year fixed mortgage rate averaged 6.21% for the week ending Jan. 11, up from 6.18% the prior week, according to Freddie Mac. 15-year fixed mortgages also rose slightly to 5.96% … (0 comments)
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ann arbor: MORTGAGE NEWS YOU CAN USE - 12/21/06 02:18 PM
Rate Watch - Freddie Mac reported on Dec. 14 that 30-year fixed-rate mortgages averaged 6.12%, up from 6.11% two weeks back. 15-year loan rates increased from 5.86% from 5.84%. With mortgage rates remaining near their lowest levels, exotic mortgage borrowers are now jumping into the safety of fixed-rate loans.
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As expected, the … (1 comments)
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ann arbor: Mortgage News You Can Use - 12/13/06 02:35 PM
Rate Watch - For the week ended Dec. 8 the 30-year fixed rate rose to 6.02% from 5.98% last week. Fixed 15-year mortgage rates decreased from 5.75% to 5.66%.
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Economic and Market Watch Report - (Based on information from the Ann Arbor Area Board of Realtors Multiple Listing Service for the period … (2 comments)
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ann arbor: Zero Down Loans - 12/11/06 01:38 PM
More and more of my clients in the Ann Arbor area are buying homes with no down payment loans. In the 1990's it was very rare for someone to buy a home in Washtenaw County without some sort of down payment (except for VA loans which always offered a no down … (5 comments)
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