Mortgage Rates

Mortgage Rates

5 questions to help you choose between a 30-year mortgage or 15 – Part 1

It has been a slow and painful process, but the housing market is now in recovery and foreclosures have been dropping. Since the housing bust, regulators have focused on preventing borrowers from entering into potentially toxic loans. To help accomplish this, the U.S. government established the
Read More

For some it’s easier to get a mortgage

Make no mistake: Mortgage credit is still very tight by historical standards, and only borrowers with the most pristine credit and healthy down payments can get the lowest rates. But there are signs that the noose is loosening, if only slightly, in response to lower mortgage volume. Volume has
Read More

J.P. Morgan Says in 2013 Home Prices Could Jump 9.7%

Home-price forecasts for 2013 are on the rise. J.P. Morgan Chase & Co. expects U.S. home prices to rise 3.4% in its base-case estimate and up to 9.7% in its most bullish scenario of economic growth. Standard & Poor’s, which rates private-issue mortgage bonds, on Friday said it expects
Read More

Mortgage rates are falling to record lows again

NEW YORK (CNNMoney) -- The nation's extremely favorable mortgage rates sank even lower this week, setting records for both the 30-year and 15-year fixed rate loans. The 30-year fell to 3.31% from 3.34% last week, according to Freddie Mac (FMCC, Fortune 500), the government controlled mortgage
Read More

A Stronger Year for Short Sales coming in 2013

Even though the number of foreclosure filings has risen dramatically in recent months in some parts of the country—specifically in judicial states—the ratings agency DBRS expects total foreclosure filings to show evidence of a steady decline in 2013 when compared to 2012. This is due to
Read More

Four More Years of Accommodative Housing Policy

A big part of my job is helping our clients project the most likely scenarios for the housing market. Now that we know who will be President, my job just got easier because we have 4 years of experience with Obama and a divided Congress, so we know what we are getting. However, there is never a
Read More