Keeping UP with 2016 mortgage market

A survey of 200 mortgage lending professionals showed that nearly two in three mortgage lending professionals expect mortgage purchase production to increase, according to Lenders One Mortgage Barometer. The overall anticipated increase for 2016 is set at 11%. In addition, 87% of mortgage professionals believe the mortgage purchase market will be somewhat to extremely active.Continue

More financial opportunities for same-sex marriage when purchasing a home!

The Supreme Court decision making same-sex marriage legal nationwide will boost the mortgage demand as it provides gay and lesbian couples with more financing opportunities and stronger joint property rights. The Supreme Court decision could spur not only more purchase lending, but also more refinancing, line of credit, among other helping to them to planContinue

Welcome to the Spring Home Buying Season!

Existing homes sales surged to their highest annual rate in 18 months, showing a promising beginning according to the latest report from the National Association of Realtors. The total number of  existing home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, jumped 6.1% to a seasonally adjusted annual rate of 5.19Continue

High Mortgage Payments? Now is your time to change it!

If you have higher mortgage payments, now is the time to change it!  In recent years we have seen many changes in our national economy. We have seen cuts in interest rates given by the Federal Reserve cuts not seen for many years.  One situation that influenced home foreclosures for many homeowners were the high interestContinue

Homeownership at Best!

Federal Housing Finance Agency has been working towards a plan to open what many we see as underwriting standards that are too restrictive. Mortgage giants Fannie Mae and Freddie Mac, their regulator and lenders are close to an agreement that could greatly expand mortgage credit while helping lenders protect themselves from charges of making bad loans, according to people familiarContinue

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