ri mortgage broker: 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 broker: Don't Buy The Hysteria Over The Slowing Housing Market - 03/03/19 03:25 AM

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ri mortgage broker: 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 broker: Interest Rates Stable As We Enter The Spring Home Buying Season - 02/09/19 06:43 AM

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ri mortgage broker: Best Way To Save Money For Your First Home - 01/31/19 04:27 AM
AUTOMATE YOUR SAVINGS - IT'S AS SIMPLE AS THAT!
Whether it's $50 or $1,000 per month, start diverting some amount of money out of your checking account each pay day and put it into a separate brokerage account, such as Vanguard or Fidelity.  While auto-debiting directly into a local bank account is fine, you are less likely to tap into the funds if it's in a separate account with an instituation located remotely. 
Start with an amount that you likely won't miss each month, and increase the amount over time, especially when you receive a raise, or if your cost of living declines.  If you're … (0 comments)

ri mortgage broker: Interest Rates Remain At Recent Levels With Signs Of Increasing - 01/27/19 05:19 AM
note that the government shutdown which began on December 22 has caused delays in the release of some economic reports produced by government agencies and likely will continue to do so as long as it is in effect. It is generally not known in advance when the impacted data will be ready to be released. 
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ri mortgage broker: 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)

ri mortgage broker: Trump Tantrum 2016 - Interest Rates Are On The Rise - 11/12/16 10:27 PM
This article is not intended to be a political view, it is simply a facual based update on market trends.

 
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ri mortgage broker: Fed Not Ready To Take The Punch Bowl Away - 09/24/16 12:08 AM
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ri mortgage broker: Global Events Are Keeping Mortgage Interest Rates At Record Lows - 07/15/16 07:43 PM
 
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George DeVine, Mortgage Banker (Atlantic Home Loans)

George DeVine

Mortgage Banker

East Greenwich, RI

More about me…

Atlantic Home Loans

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

Office: (401) 301-0130

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