If you can buy, why rent?

Mortgage Interest Rates spiked, mainly because of the evident consumer confidence in the market. Home sales will increase and listing times will decrease, if you list to sell! A 1.000% INCREASE in rates to the average buyer is relative to a $50,000 decrease in buying power. Sitting on the fence will only decrease your potential [...]

HARP 2.0

On "October 24, 2011, the government's FHFA announced its revamped HARP refinance program. HARP is "the mortgage for underwater homeowners"; an appraisal-less refinance for loans backed by Fannie Mae or Freddie Mac. It's the conforming mortgage equivalent of the FHA Streamline Refinance. Since the FHFA announcement, this website has logged 1,727 HARP Refinance requests via [...]

Mortgage Rates and Things to Watch This Week…

Last Two Weeks... Wow, a lot of confusing movement in the market last week.  Not only is it clearly due to the Government pulling out of diversified investments and bulking into Mortgage Backed Securities with intentions to drive rates down and create spendable consumer dollars, but day-to-day investor emotions played a MAJOR affect as well!  Expect [...]

Sitting Ducks, New Low Rates & Great Home Prices is Best Time to Buy

Consumer confidence fell to a six- week low as the costliest gasoline in almost three years worsened Americans' perceptions of their finances.  When consumer confidence is low the markets drop and this lowers interest rates.  “The Bloomberg Consumer Comfort Index dropped to minus 46.9 in the period to May 8, the worst reading since March, from [...]