mortgages: Mortgage Rates - Time Once Again For Some Perspective
- 11/15/16 07:15 AM
In retrospect, it was perhaps inevitable that financial markets would react to the election result last week, regardless of who won. After an immediate downward reaction to the result, stock markets quickly rallied, which caused bonds, a safe-haven investment when stocks are unattractive, to suddenly become less appealing. A side-effect has been for mortgage rates, which are closely linked to the demand for bonds, to rise in the past few days. Of course we cannot, and should not, pretend that this is anything but unwelcome news if you're currently buying a home. However, it is perhaps a good time for us all to pause, … (0 comments)
mortgages: Which Way Now For Mortgage Rates?
- 06/09/16 02:32 AM
We are, unbelievably, almost at the half way mark in 2016 and we're still enjoying ultra low mortgage rates. This week, following disappointing job data, in particular, rates fell to very near the best levels we have seen all year. The background story to what's happened to rates this week is bound to increase speculation on their future direction, as there are now a number of variables in play that could see them drop even further. Today's news that job creation remains weak, despite a low unemployment rate of 4.7%, will do nothing for the confidence of investors. May saw the lowest level of … (0 comments)
mortgages: Trended Credit Data - Why It Could Help New Mortgage Applicants
- 05/17/16 07:05 AM
An important change in the way credit reports are compiled is due to launch on June 25th. New trended credit data reporting was initially announced last fall by The Federal National Mortgage Association (FNMA), better known as Fannie Mae, the government-sponsored, leading source of financing for mortgage lenders. Now just a few weeks away from launch, the new data will dig deeper than ever before into a mortgage applicant's credit history to provide a more thorough analysis. Current credit reports used in mortgage lending only indicate outstanding balances and if a borrower has been on time or delinquent on existing credit accounts, including credit … (0 comments)
mortgages: Low Mortgage Rates - A Great Time to Sell or Buy in the Albuquerque Area
- 02/01/16 11:28 PM
Despite the FED raising its interest rates for the first time in many years... They are still at near historic lows and it's worth bearing in mind they are currently less half what they were in 1990! Despite many predictions to the contrary, the diminution in Federal support for the housing market just hasn't resulted in the anticipated big hike in interest rates. A cocktail of variable economic indicators and uncertain international affairs have certainly contributed to keeping rates at such affordable levels. This is a continuing feel good news story for both buyers and sellers. Home seekers are still finding that the cost of … (1 comments)
mortgages: Winning Strategies for New Home Buyers
- 01/20/16 11:51 PM
In a previous blog, we explored eight great reasons to become an Albuquerque area first time buyer right now. We hope we inspired some would-be house owners to think very seriously about taking the big step of finding a home of their own. Today, we'd like to offer some simple strategies to help you along in that process: Identify your needs - No one has exactly the same requirements from their home, of course. That's why there is never a "cookie cutter" one size fits all solution. Therefore it's really a good first step to sit down and define not only what facilities you need right … (0 comments)
mortgages: 2015 - Year In Review 1: Mortgage Rates
- 12/31/15 02:56 AM
With just one day of 2015 left, it's time for us to begin our look back on the key influences on Albuquerque area real estate during this year. Given the momentous Federal Reserve announcement of a 0.25% rise in interest rates this week, it seems appropriate that we first reflect on mortgage rates, which have arguably been the single biggest influence on the excellent performance of the housing market in the past 12 months. Although history suggests that a rise in the Federal Funds Rate is not closely tied to the fortunes of mortgage rates, this week's news has nonetheless provided an increased focus on … (0 comments)
In retrospect, it was perhaps inevitable that financial markets would react to the election result last week, regardless of who won.
;)
;)
;)
