How student loan debt is impacting the housing market?

By, Sandy Flores Broker Student loan debt is playing its biggest role in the mortgage process yet, and it doesn’t look like it’s changing anytime soon.  New data from NeighborWorks America’s fourth annual housing survey found that nearly one-third (30%) of Americans know someone who has delayed the purchase of a home because of student loan debt, up fromContinue

Vacancy Rate in Home Rentals remain flat

The vacancy rates among single-family rentals remained relatively flat month-over-month despite a general trend of a rising number of lease expirations. This information is based on the June 2015 Single-Family Research Performance Summary covering all Morningstar- Rated Securitizations. “Vacancy rates generally remain low, cash flows remain sufficient to cover bond obligations, and the asset classContinue

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

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

80,000 Propiedades se salvan de una Ejecución Hipotecaria

La Agencia Federal de la Financiamiento de la Vivienda (FHFA) indicó en su informe del 24 de Septiembre que Fannie Mae y Freddie Mac impidieron que alrededor de 80.000 casas se fueran en una ejecución hipotecaria en todo el país durante el segundo trimestre del 2014, elevando la prevención del número total de ejecuciones hipotecarias desde Septiembre deContinue

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

Venta de Casas nuevas dan gigantesco salto

La venta de casas nuevas en el mes de Agosto incrementó notablemente resultando en una tasa de 504,000, más que en Julio que fueron de 427,000, la tasa más rápida en 6 años y el salto más grande en ventas desde Enero de 1992. Las mayores ganancias y en gran medida la razón para elContinue

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

¡Hipotecas Jumbo más baratas y fáciles de conseguir!

Compradores en busca de casas lujosas están pagando tasas de préstamos bajísimas e incluso en muchos de estos casos no tienen que preocuparse por un gran pago inicial o seguro de hipoteca. Durante varios meses, los prestamistas de hipotecas “Jumbo” han estado otorgando las tasas de interés más bajas que lo que paga el prestatarioContinue