Keep Your Money Where It Is, if you’re planning on buying a home!

It’s not wise to make any huge purchases or move your money around three to six months before buying a home. You don’t want to take any big chances with your credit profile. Lenders need to see that you’re reliable and they want a complete paper trail so that they can get you the bestContinue

Your Home: Modern or Traditional?

Nothing is extra comfortable than coming back to our homes, full of heat and love after taking care of  stack of issues at work. Decorating or redesigning our homes should not be thought as an expensive or complicated activity. We have to make sure that the design we choose will be sophisticated rather than unnecessary.Continue

Mortgage Rates slightly higher

Mortgage rates are higher today, leaving September as one of only 3 months this year with noticeable upward movement. And today was an exception to that recent trend, but it’s tempered by the fact that yesterday’s gains were the best of the month. The only downside is that the most prevalently-quoted conforming 30yr fixed rateContinue

September: Highest Consumer Confidence

Consumer confidence reached its highest level since the Great Recession in September, according to the Thomson Reuters and University of Michigan Surveys of Consumers. September’s increase in consumer confidence is the result of optimistic outlooks on the overall economy and personal incomes.  The consumer expectations index rose 5.8 percent over the month of September, while theContinue

80,000 Foreclosures prevented!

The Federal Housing Finance Agency (FHFA) indicated in its report on foreclosure prevention  for Q2 2014 released on September 24, that Fannie Mae and Freddie Mac  prevented nearly 80,000 foreclosures nationwide in the second quarter, raising the total number of foreclosures prevented since the start of the conservatorship in September 2008 to 3.3 million. The measures takenContinue

FHFA outreaching more Homeowners

In an effort to sign more eligible homeowners up for the Home Affordable Refinance Program (HARP), the Federal Housing Finance Agency (FHFA)   is holding its third HARP outreach event in October, 2014. The goal is to get the word out about HARP to borrowers who are current but underwater, and help borrowers who are either delinquentContinue

New homes sales see biggest monthly jump!

Sales of new single family houses in August 2014 were at a seasonally adjusted annual rate of 504,000, up from July’s printing of 427,000, the fastest rate in six years and the biggest monthly jump since January 1992. The biggest gains and by far the reason for the big increase were new home sales inContinue

Jumbo Loans Cheaper and Easier to Get!

Wealthy home buyers are paying lower average rates on high dollar loans, and in some cases, they don’t even have to worry about a large down payment or mortgage insurance. For months, lenders of jumbo mortgages have been charging interest rates that are lower  than what average borrowers pay. Jumbo loans are mortgages that above $417,000Continue

¡Alerta con los intereses y términos en su Hipoteca!

Las tasas hipotecarias se han mantenido en muy buenos términos, y la buena noticia es que continúan aun en sus niveles históricamente bajos.   Sin embargo, se espera que las tasas hipotecarias incrementen próximamente. Mientras que las instituciones reportan semanalmente las tasas hipotecarias, están tarifas pueden variar considerablemente dependiendo del producto que usted elige así comoContinue

Mortgage Rates and Terms Beware!

Mortgage rates haven’t moved much this year, and the good news is they’ve been stuck at historically low levels. However, mortgage rates are expected to move higher as we head through the fall. While various groups report national mortgage rate averages each week, the rates you get can vary dramatically from that average, depending onContinue