The ABC’s of Real Estate

From Trulia.com 11/11/15 Home-buying and selling is stressful — and with industry acronyms and real estate terms flying at you from all directions, you may feel overwhelmed navigating your new real estate reality. Whether you’re a first-time homebuyer sifting through homes for sale in Chicago, or a seasoned investor, there’s always more to learn. Trulia’s … Continue reading The ABC’s of Real Estate

Want to Refinance to a Shorter Mortgage? Here’s What You Need to Ask Yourself

From Credit.com 11/4/15 Has your financial situation improved greatly since you first took on your mortgage? That’s great! You have some options, including paying off your current mortgage ahead of time or refinancing to a shorter term. When it comes to the former option, it’s important to make sure there isn’t a prepayment penalty and … Continue reading Want to Refinance to a Shorter Mortgage? Here’s What You Need to Ask Yourself

Not Shopping Around for your Mortgage?

Survey Finds Consumers Do Not Bargain Hunt for Mortgage Loans From MReport 10/12/15 Although the majority of Americans consider themselves bargain hunters when shopping for various items or services, less than one-third of these consumers do not shop around for better prices when searching for a mortgage loan. A recent study from LendingTree found that … Continue reading Not Shopping Around for your Mortgage?

HAMP

HAMP and consumers continue to flail, banks continue to profit From FirstTuesday.com October 5, 2015 Less than one million homeowners have received assistance under the Home Affordable Modification Program (HAMP), six years after its creation. HAMP is a federal modification program originally intended to aid four million struggling homeowners. It was launched in the fallout … Continue reading HAMP

Rate Increase May Be Delayed

Interest Rate Increase May Be Delayed for Stronger Job Data From DSNews.com 10/5/15 In light of the recent, lower-than-expected jobs report for September, the Federal Reserve may hold off on raising interest rates until stronger labor market data comes forth. Labor market gains for September brought the average monthly job growth for the year down … Continue reading Rate Increase May Be Delayed

30 Year Mortgage Rate Falls

Average rate on 30-year  mortgages falls to 3.86% Home for sale Mark Humphrey / AP A home in a new development in Nashville, Tenn., is marked sold. Average long-term U.S. mortgage rates declined this week following the Federal Reserve's decision to keep interest rates at record lows for now. Mortgage giant Freddie Mac says the … Continue reading 30 Year Mortgage Rate Falls

What the Fed rate hike might mean for you

Take a look at this article from Yahoo and hopefully this helps you understand how this affects you and your homebuying goals or this one from First Tuesday

New FHA and Fannie Mae Programs

FHA & Fannie Mae Programs Open Credit to Borrowers From MReport September 15, 2015 The Federal Housing Administration (FHA) and Fannie Mae recently launched programs that are designed to open credit to borrowers who would not be able to obtain a mortgage loan under normal circumstances. In two new blogs, the Urban Institute analyzed how the … Continue reading New FHA and Fannie Mae Programs

How mortgage lenders price loans and why you should care

How mortgage lenders price loans & why you should care By Scott Sheldon August 19, 2015 6:00 AM So you're probably seen the news about those low mortgage interest rates and their impending rise, but you may not realize that if you were to get a mortgage, your interest and fees may actually be different. … Continue reading How mortgage lenders price loans and why you should care

3 Real Estate Effects of an Interest Rate Hike

  From Trulia.com 8/10/15   The Federal Reserve’s September meeting and interests are making big headlines these days. Not only do interest rates have a huge affect on housing and the economy, the news around them can create big waves in consumers confidence and transaction activity. As an agent, from understanding your prospect’s outlook to … Continue reading 3 Real Estate Effects of an Interest Rate Hike