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homebuyer advice: How to Buy a New Home When Keeping Your Existing Home - 10/07/09 03:23 PM
Have you tried buying a home in the last year or so only to find "moving up" isn't easy when you're keeping your existing home? This may be due to the conversion underwriting rule adopted by Fannie, Freddie and FHA. Now this rule has been in effect for a while, so most Realtors know it exists and warn buyers before they make plans to buy a new home. However, I still get a couple calls a month asking for clarification on the rule, so here's a pretty detailed explanation on how to determine whether you can buy a new home if … (0 comments)
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homebuyer advice: Nicole's Week in Review - 06/15/09 01:17 PM
Volatility continues to be the name of the game when it comes to mortgage rates as they continue their precipitous climb that began roughly three weeks ago.
Mortgage Rates
Home loan rates ended last week about .25% worse than where they began. According to Bankrate.com, average 30-yr fixed conventional mortgages averaged about 5.67% nationwide, up .22% from last week.
Contributing to last week's volatility was the increase in supply of mortgage-backed securities (MBS) on the secondary market -- a large supply of MBS drives their prices down, causing mortgage rates to increase. Some of this supply is the large … (0 comments)
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homebuyer advice: Thinking About Buying a Home? Consider This First... - 03/25/09 10:07 AM
Washington is doing its very best to give you “warm ‘n fuzzies” when it comes to buying a home right now – from historically low interest rates, to literally giving you money when you buy a home. Has it worked? I think so as there has been a recent uptick in activity. So is it time to jump in and buy while the “gettin’ is good”? Perhaps, but if I were thinking about buying a home right now, here are a few things I’d consider first.
1. Mortgage rates will rise.
Mortgage rates are at historic lows, but this won’t last … (0 comments)
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Nicole Lahti, Austin Texas Mortgage
Austin,
TX
More about me…
United Lending
Address: 8303 N. Mopac Bldg. A-201, Austin, TX, 78759
Office Phone: (512) 592-5468
Cell Phone: (512) 507-8312
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