This Week In Mortgage Rates: October 6-10, 2014
October 6, 2014
Freddie Mac reported the 30 year fixed rate fell to 4.19% from 4.20% the previous week, the 15 year held steady at 3.36%. The 1-Yr ARM dropped by a basis […]
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Home Buyers Now Outnumber Refinance Applicants 2 to 1
September 24, 2014
About a year and a half ago, everyone seemed to be refinancing their homes, while fewer people were applying for purchase mortgages. In fact, 62 percent of the market in […]
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HARP 3: Experts Weigh In on When New HARP Program will Happen
September 22, 2014
HARP (Home Affordable Refinance Program) started in 2009 as a government-sponsored program for homeowners to refinance from their high-interest rates, underwater mortgages and declining home values. HARP 2 came around […]
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Home Buying · Understanding Mortgages
5 Mistakes to Avoid when Applying for a Mortgage
September 19, 2014
It’s not done until it’s done. Every good loan officer will tell you that when you are in the process of getting a mortgage, and you haven’t closed on the […]
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Conventional Loan Advantages Propel Program; Now 64% of Market
September 5, 2014
If there’s one truth about home buying after the housing market crash, it’s been anything but conventional. That’s because lenders tightened their grip on loans, making qualifications stricter, and therefore […]
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Home Buying · Mortgage Rates · News
Home Prices Up, But Not the Cost of Homeownership Thanks to Lower Mortgage Rates
September 4, 2014
If you follow the housing market, you’ve been hearing reports over the last year or so about home prices increasing each month. Year to year, home prices are in fact […]
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Buying is 38% Cheaper than Renting, but Renters Hesitant. Is it a Good Time to Buy?
August 23, 2014
Do you dream of owning that perfect little house with a white picket fence and front porch in suburbia, or a quintessential log cabin in the mountains, or a glitzy […]
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$46,000 Equity Increase leads to Cash-Out Refinance Boom
August 22, 2014
Home refinancing has made headlines in recent years, but the stories typically revolve around government-sponsored programs that help distressed homeowners. Now owners are coming out on top as home prices […]
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Mortgage Rates: Then, Now, and in the Future
August 14, 2014
If you’re a potential or recent home buyer, you’ve been spoiled by some of the lowest interest rates in history over the last couple of years, which have gone below […]
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2015 Real Estate Market Predictions from Realtor Bill Gassett
July 29, 2014
In an effort to figure out where the real estate market is headed in 2015 I reached out to a Realtor who probably has a pulse on the market as […]
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