Eleanor's RTP Blog

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Mortgage and Lending - Equity Resources - NMLS 67179 Licensed in NC
Covering housing and economic trends of all points surrounding the RTP / RDU (Research Triangle Park), including the major markets of Cary, Holly Springs, Raleigh, Wake Forest, Chapel Hill, Durham and Johnston County.

ARCHIVED BLOG POSTS

2008 

23 Comments
This is one of those "Do as I say, Not as I do," deals... There's a lot to worry about right now.  As a sales person who covers a fairly large county - gas prices drive ME crazy and then there's the news media helping me out every chance they get - NO WONDER I'M NOT SLEEPING! But there are some g...
03/18/2008

1 Comments
CNBC Said this was going t be the most historic trading day of this Century... because Bear Stearns was being sold to JP Morgan for $2 a share.  Normally, bad news in the Economy is GOOD NEWS for mortgage interest rates.  But these days we are not dealing with normal.Rates have gone down a tad, a...
03/17/2008

7 Comments
My friend, and mentor, Leesa Finleyasked me to help find a GEM on ActiveRain!  I believe Leesa does one of the BEST JOBS of highlighting her little backyardon Localism out there - I mean how many of us can say we've gotten THANK YOU NOTES from businesses that we highlight on LOCALISM (and it's ru...
03/13/2008

2 Comments
According to the Wall Street Journal - and those I spoke with in Sen. Dole's office - new FHA legislation is not likely to include a provision that takes the minimum requirements and audit off the table.  Currently, mortgage shops that want to provide FHA loans for clients must have a net worth o...
03/12/2008

17 Comments
Okay - so like many of us, now that I'm on AR I have started the infant steps towards an Internet strategy.  And to this end - I started a blog about FHA and I started one about Credit repair thinking it was a good way to grab consumers (particularly first time homebuyers) and pull them in!  I st...
03/11/2008

3 Comments
Most of us know that stinky publicity about ANY product makes it difficult to attract buyers.  The real estate market is a great example - bad press has lead to many potential buyers staying in their apartments... The same thing has happened to the mortgage market (as mortgage has become a four l...
03/10/2008

3 Comments
Have you filled out your taxes yet?  Are you getting a refund?  NO?!?!  You might need to buy a house! Many times we talk to homebuyers (especially first time home buyers) who tell us that they "want to keep their payments around where they are now."  Meaning that if they are paying $1200 a month...
03/07/2008

4 Comments
FHA increased it's minimum loan amount for Wake County to $295000 according to the HUD webiste!  But the BIG surprise for me was the DURHAM increase to $331,250!The other counties in this area break down per the HUD website like this:Wake   $295000Durham  $331,250Franklin  $295000Orange  $331250H...
03/06/2008

6 Comments
If you are interested in purchasing a home - you want to know what rates are doing - and what you should watch, right?  Well, for the last 20 years I've been telling people it's pretty easy to figure out what's going with rates, because we are in a cyclical business that THRIVES on bad news in th...
03/06/2008

2 Comments
My husband, Steve, and I work together - he didn't really get the whole "blogging thing..." But we had a blast last night meeting new people who are playing in the RAIN and I think he gets it now!  I mentioned to several of you that there were some favorite sites and newsletters I thought you mig...
03/05/2008
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