ri mortgage: Real Estate and Interest Rates "Steady As She Goes"
- 03/09/19 04:47 AM
Mortgage interest rates dipped to the mid-4% range in the fourth quarter of 2018 largely fueled by concerns over a European economy that can't seem to get out of first gear over the past 10 years, and ongoing China trade negotiations. More recent housing and employment data has put economists a bit onto the edge of their seat with concern we may see the US economy slowing this year. As they say, one month doesn't make for a trend, so only time will tell if housing and employment growth is in for a soft landing or a self-fulfilling recession. I'm still firmly in the … (0 comments)
ri mortgage: Home Sales On Fire During Polar Vortex
- 02/16/19 07:16 AM
While the country was braving frigid temperatures during the polar vortex, new home sales were on fire. The Mortgage Bankers Association reported a substantial increase in sales of newly built homes last month. The Builder Application Survey (BAS) conducted by the Mortgage Bankers Association indicates sales increased by over 40 percent compared to December 2018 and were at the the same pace as January 2018. As noted in Mortgage News Daily, Joel Kan, MBA's Associate Vice President of Economic and Industry Forecasting said, "After two lackluster months, new home sales surged almost 30 percent in January to the fastest pace since our survey began in 2013. The … (5 comments)
ri mortgage: FHA 203k Mortgage Provides A Unique Opportunity For First Time Buyers
- 01/18/17 06:05 AM
FHA 203(k) loans fill a unique and important need for home-buyers. Mortgage lenders will not finance a house in need of substantial repairs, FHA offers a solution that helps both borrowers and lenders, insuring a single, long term, fixed or adjustable rate loan that covers both the purchase and rehabilitation of a property. I'll be candid, FHA 203k loans can be a very tedious and time consuming process, however real estate professionals and potential homebuyers shouldn't shy away from the unique and vital advantages this program has to offer. Take the time to find an experienced lender who can guide you through the process and you … (1 comments)
Mortgage interest rates dipped to the mid-4% range in the fourth quarter of 2018 largely fueled by concerns over a European economy that can't seem to get out of first gear over the past 10 years, and ongoing China trade negotiations. More recent housing and employment data has put economists a bit onto the edge of their seat with concern we may see the US economy slowing this year. As they say, one month doesn't make for a trend, so only time will tell if housing and employment growth is in for a soft landing or a self-fulfilling recession. I'm still firmly in the … (0 comments)
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