real estate: Real Estate and Finance - Same Story Different Day - 03/30/19 09:02 AM
The past few weeks have been steady as she goes, so I'm going to mail in this post.  Interest rates took a nice dip last week and continue to hold ground just north of 4%, lending support to the housing market, while real estate remains stable with moderate softening.  Existing home sales came in at a bistering 12% month over month gain in February and are down slightly from February 2018.

real estate: Real Estate Gains Footing While Fed Policy Suggests Trouble Ahead - 03/23/19 05:50 AM
If you've followed my previous blogs, I've postured that the slowdown in real estate was a brief pause, rather than a substantial decline in the market.  February's existing home sales bounced back with a blistering 12% increase over January, but still down 2% year over year.....I'll take it!  The real estate market remains strong as we head into spring and I expect we'll see healthy numbers throughout the year. 
Interest rates took an unexpected drop this past week erasing increases we saw in the fourth quarter of 2018.  This is welcome news, rates are now solidly below 4.5% from a high of 5%, however, … (0 comments)

real estate: European Union Continues To Influence US Mortgage Rates - 06/01/16 07:57 PM

real estate: Slow domestic and global growth keeps the lid on mortgage rates - 03/19/16 01:22 AM

real estate: Thank Europe For Low Mortgage Rates - 03/11/16 10:11 PM

real estate: The Canary In The Coal Mine For Interest Rates - 12/18/15 08:52 PM
 After holding the federal funds rate near zero for seven years, the Fed announced on Wednesday a widely expected rate hike of 25 basis points. According to the Fed statement, there has been "substantial improvement" in the labor market, and the economy is on a path of "sustainable improvement." Regarding future policy, Fed officials expect that economic conditions will warrant only "gradual" increases in rates. The statement also noted that the Fed does not expect to reduce its holdings of MBS and Treasuries any time soon.  This is the canary in the coalmine; the Federal Reserve has been purchasing mortgage backed securities (MBS) for the better … (2 comments)

real estate: Mortgage Rates Decline Ahead of Anticipated Fed Rate Hike - 12/11/15 08:35 PM

real estate: Low Rates + Stable/Increasing Home Prices = Time To Buy - 03/27/15 10:47 PM
These two pictures say it all; Home prices are stable and increasing and interest rates remain at historical lows making this a great time to consider your first home purchase.  The third photo is where you go to finance it!


real estate: Why This Winter May Be The Best Time To List Your Home For Sale - 12/12/14 06:48 AM
Home sales are up. According to the most recent Existing Home Sales Report from the National Association of Realtors, the trend is looking good for a continuation.
Lawrence Yun, NAR chief economist, says the housing market this year has been a tale of two halves. “Sales activity in October reached its highest annual pace of the year as buyers continue to be encouraged by interest rates at lows not seen since last summer, improving levels of inventory and stabilizing price growth,” he said. “Furthermore, the job market has shown continued strength in the past six months. This bodes well for solid … (2 comments)

George DeVine, Mortgage Banker (Atlantic Home Loans)

George DeVine

Mortgage Banker

East Greenwich, RI

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Atlantic Home Loans

Address: 694 Main Street, East Greenwich, RI, 02818

Office: (401) 301-0130

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