KEY HOUSING DATA RISES HEADING INTO FALL

KEY HOUSING DATA RISES HEADING INTO FALL

Existing home sales rose in September, with first-time buyers claiming a 34 percent share of home purchases, a high not seen in over four years. After two straight monthly declines, Existing Home Sales in September jumped 3.2 percent from August. … Continue reading

SOMETIMES THAT FIRST “NOT RIGHT NOW” RESPONSE OPENS A DOOR AND CHANGES A FUTURE

It doesn’t matter who you are, applying for a mortgage is stressful!  Even more so for that first time homebuyer who has never successfully been through the experience and is really hesitant to test the water.  But sometimes that first … Continue reading

USDA ALLOWED STRUCTURES

The single family housing guaranteed loan program referenced as “USDA”, has certain property restrictions that are often a surprise to the average Borrower planning on financing their home with a USDA loan.  With a fundamental objective to “finance a residence … Continue reading

EASE ON DOWN THE ROAD: WHAT QE3 MEANS FOR HOME LOAN RATES

EASE ON DOWN THE ROAD: WHAT QE3 MEANS FOR HOME LOAN RATES

In September’s issue of YOU Magazine, we discussed the possibility that the Federal Reserve would announce further purchases of Mortgage Bonds to keep home loan rates low and help the economy continue to grow. On September 13th, the Federal Reserve … Continue reading

TO QE OR NOT TO QE? THAT IS THE QUESTION

TO QE OR NOT TO QE? THAT IS THE QUESTION

You may have heard rumblings in the news lately about something called Quantitative Easing, or QE3 for short. If you’re in the market to buy or refinance a home, this is one story to follow. Read on to learn why. … Continue reading