Mortgage rates dropped to levels not seen since June this week. The government re-start and a weak jobs report means the Fed will keep pumping money into the economy and this should keep interest rates low. Fear of rising interest rates pushed people into buying mode in the Spring but then as they inched up […]
We’ve been seeing interest rates increase pretty steadily the last few months. This tends to depress demand and home prices. But we’re still seeing price increases. July’s numbers again show a gain of 12% over the same time a year ago. From Diana Olick at CNBC, ‘Despite rising interest rates, home prices continue to surge […]
We’ve been enjoying super low mortgage rates since about 2008. They’ve helped the real estate market to rebound and help a lot of people get some great mortgage deals. However, in the last month mortgage rates have gone from an average of 3.3% to 3.8%. That’s a pretty big jump in a short time. What […]
If you’re thinking of getting an FHA loan you may want to move up your schedule a bit. Because of loan losses FHA mortgage premiums are going to increase on April 1st. On most loans the increase will be about $100 a year per every $100,000 of your loan. If you want to avoid this […]
A new report by the Home Data Index shows what we’ve been seeing in the Atlanta housing market. Home prices have stabilized and are expected to increase by year’s end. Supply in Atlanta has tightened up and we’re seeing more properties sell quickly and/or go to multiple bids. We’re also seeing more investors start […]
Banks and mortgage companies are loosening their lending standards as they work through their foreclosures and as default rates fall on new mortgages. This means the housing crisis will end in 2012 according to this article from DSNews and Capital Economics. Well, I wouldn’t go that far. Getting a loan has gotten easier. Banks […]
According to this article in Bankrate, mortgage rates mostly remained unchanged this week. They called them ‘ultra-low’ and that’s a fitting description. It’s part of the dilemma of todays real estate market, here in Atlanta, and across the country. Buyer’s are squemish about buying. Many are thinking that prices may drop further so they’re holding […]
Once again we find how difficult it is to predict ineterst rates. The Fed, along with everyone else predicted higher interest rates this year. The consensus, both nationwide and here in Atlanta was rates would increase from about 4.5% to about 5.5% by the end of the year. But lately we’ve deen backsliding on rates. […]
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