ARCHIVED BLOG POSTS
2008
My Lock Advice for Today: Float if my closing was taking place within 7 days, but watch the markets carefully and lock if conditions change Float if my closing was taking place between 8 and 20 days, but watch the markets carefully and lock if conditions change Float if my closing was taking plac...
06/30/2008
Current Rates*: 30 Year Fixed - 6.5% with 0 Points Jumbo 30 Year Fixed - 8.5% with 0 Points 15 Year Fixed - 6.25% with 0 Points FHA / VA 30 Year Fixed - 6.375% with 0 Points*Rates and fees accurate as of 6/27/08. Rates and fees subject to change without notice. This is not an advertisement for t...
06/30/2008
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Comments
Looking Back Interest rates dropped again last week, mainly thanks to abysmal consumer confidence numbers. And the Fed, as expected, held their rate steady. In other news, the National Association of Realtors announced existing Home Sales were up 2% in May, counterbalancing New Home Sales, which...
06/29/2008
My Lock Advice for Today: If I were considering financing/refinancing a home, I would... Float if my closing was taking place within 7 days, but watch the markets carefully and lock if conditions change Float if my closing was taking place between 8 and 20 days, but watch the markets carefully an...
06/27/2008
HUD recently proposed again regulations that would prohibit seller-funded downpayment assistance. Generally, under current FHA regulations and guidelines, in order for a mortgage to be eligible for FHA insurance, a borrower is required to put down at least 3% of his own money in the transaction. ...
06/26/2008
My Lock Advice for Today: If I were considering financing/refinancing a home, I would... Float if my closing was taking place within 7 days, but watch the markets carefully and lock if conditions change Float if my closing was taking place between 8 and 20 days, but watch the markets carefully an...
06/26/2008
My Lock Advice for Today: If I were considering financing/refinancing a home, I would... Lock if my closing was taking place within 7 days Lock if my closing was taking place between 8 and 20 days Lock if my closing was taking place between 21 and 60 days Lock if my closing was taking place over ...
06/25/2008
My Lock Advice for Today: If I were considering financing/refinancing a home, I would... Lock if my closing was taking place within 7 days Lock if my closing was taking place between 8 and 20 days Lock if my closing was taking place between 21 and 60 days Lock if my closing was taking place over...
06/24/2008
My Lock Advice for Today: If I were considering financing/refinancing a home, I would... Lock if my closing was taking place within 7 days Lock if my closing was taking place between 8 and 20 days Lock if my closing was taking place between 21 and 60 days Lock if my closing was taking place over ...
06/23/2008
Current Rates*: 30 Year Fixed - 6.625% with 0 Points Jumbo 30 Year Fixed - 8.125% with .5 Points 15 Year Fixed - 6.375% with 0 Points FHA / VA 30 Year Fixed - 6.375% with 0 Points*Rates and fees accurate as of 6/20/08. Rates and fees subject to change without notice. This is not an advertisement...
06/22/2008
Rainmaker
395,208
395,208
Lew Corcoran, ASP®
Home Stager & Real Estate Photographer