home loans: Pent Up Housing Demand Driven By Fear - 07/03/14 04:10 AM

As housing markets slowed a bit year over year across major markets we ponder the causes.
One I can definitely speak of in my own business is the new stricter lending guidelines that have been broadcasted to would-be home buyers leaving them fearful that they won't qualify. Even some people with the best of credit scores and decent savings are questioning their ability to purchase their first home, or jump back into the housing market again after walking away from their homes many moons ago.
Pent Up Housing Demand Driven By Fear
Let's face it. Applying for a mortgage is … (0 comments)

home loans: Rising Rates, Not Always A Bad Thing - 07/01/13 09:16 AM
Rising Rates, Not Always A Bad Thing
The Real Estate market is certainly booming.  Depending on where you're at in the Real Estate picture, higher mortgage rates can be a good thing.  While rates were low, so was inventory, it still is, but I've seen a slight increase recently as more sellers realize the price they can get for their home.  People who normally wouldn't be able to finance a home could and are still able to do so as it stands now.  However, rising rates, means an increase in sales.  Which is certainly a good thing!  Luckily the rise in … (0 comments)

home loans: Mortgages Rates on a Slight Rise - 10/25/12 07:06 AM
Mortgages Rates on a Slight Rise
Freddie Mac is reporting mortgage rates are on the rise.....nothing too drastic though.  After record lows, rates this week on a 30-year fixed-rate loan rose from 3.37% last week to 3.41% according to Freddie Mac's latest survey.
15-year fixed-rate home loans rose from 2.66% to 2.72%, based on what mortgage lenders say they are offering to borrowers with 20% down.
Mortgages Rates on a Slight Rise
It still pays to shop around as a borrower for better rates.  Many pay additional points upfront to lower their rates, this is a good idea in the long … (0 comments)