March 13th, 2012 
admin Freddie Mac (OTC: FMCC) recently released the results of its Primary Mortgage Market Survey® (PMMS®), showing fixed-rate mortgages at or near their 60-year lows helping to drive record high homebuyer affordability. The 15-year fixed, a popular choice among refinance borrowers, averaged a new all-time record low of 3.13 percent. The survey shows that the 30-year [...]
Posted in Home Buyers Blog 
Tags: financing, home affordablility, home loan, home prices, homeownership, loan, loan rates, mortgage rates, rates 
No Comments » June 2nd, 2011 admin For the sixth straight week, fixed mortgage rates inched down, reaching new lows for 2011. The 30-year fixed-rate mortgage averaged 4.60 percent this week while the 15-year mortgage averaged 3.78 percent.
Posted in Financing, Home Buyers Blog Tags: financing, home affordablility, home loan, homeownership, mortgage rates No Comments » December 16th, 2010 admin Mortgage rates continued to sail higher for the fifth consecutive week, according to Freddie Mac, with the most popular mortgages inching further toward 5%.
Posted in Financing Tags: home affordablility, home loan, homeownership, interest rates, loan rates, mortgage, mortgage rates 2 Comments » October 29th, 2010 admin Funding for USDA 100% financing ran out a few months ago. But, it’s back! It is official as of this week….the rural housing mortgage program from the United States Department of Agriculture (USDA) is back. Yes, the same people that certify our beef at the grocery store offer a mortgage program.
Posted in Financing, Home Buyers Blog Tags: 100% financing, financing, home loan, homeownership, loan programs, mortgage, mortgage rates, usda loan 1 Comment » October 11th, 2010 admin Owning a home is critical to financial stability and wealth building. A home serves as a forced savings account and provides a solid asset, as well as a place to live.
October 11th, 2010 admin The recent downturn in the housing market resulted in a drop in rental rates, but rents are back on the rise while the cost of home ownership has dropped.
October 11th, 2010 admin The subprime mortgage crisis brought underwriting standards back into the mortgage origination process. And while the final quarter of 2009’s financial meltdown led to a sense that financing had dried up, mortgage funds are now available.
October 11th, 2010 admin When supply exceeds demand, buyers have the upper hand–and that’s where we are now! The current supply of homes for sale now stands at 12.5 months, meaning that at today’s pace of home sales, it would take 12 and a half months for the existing inventory to sell.
October 11th, 2010 admin Every major price index points to a housing market that has hit bottom and is moving in a positive direction. After 30 months of declining values, home prices appear to be stable or appreciating in nearly every U.S. market.
October 11th, 2010 admin Interest rates have hit rock bottom! The national average on a 30-year fixed-rate mortgage dropped to 4.36 percent in Aug 2010 – lower than it’s been in the past half century.
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