The Fed raised short-term interest rates for the 12th time this month. They're expected to raise it twice more. Find out why now's the time to get rid of your adjustable rate mortgage and lock into a fixed rate.
Lower Energy Prices, Employment Help Boost Home Sales
by Clayton Closson on November 2, 2005 in Home Sales
Energy prices have dropped and the employment outlook is good. Both are fueling strong home sales. But the Fed has raised interest rates again, leading more people to refinance from an adjustable rate to a fixed rate.
Low Rates, Employment Fuel Housing Demand
by Clayton Closson on October 27, 2005 in Home Sales
At a time when short-term rates are rising as a consequence of the Federal Reserve raising interest rates, how is the demand for housing staying strong?
As Short-Term Rates Climb, Some Refinance to Fixed-Rate Mortgages
by Clayton Closson on October 26, 2005 in Mortgage Rates
Purchases are still benefitting from strong job market; long-term rates still within 40-year lows. Short-term rates continue to rise causing some to look to fixed-rate mortgages.
Despite Rises in Short-Term Rates, Housing Remains Strong
by Clayton Closson on October 25, 2005 in Home Sales
The number of home sales remained the same from September. What's driving the market to stay strong?
Forget About Pre-Approvals
by Clayton Closson on October 21, 2005 in Home Buying
If you're looking for a home and need a loan, you've probably been told you should get a pre-approval or pre-qualification letter. But your home financing could still fall through and you could end up without the home of your dreams. How could this happen and what can you do about it?
The Fed’s Rate Hikes Encourage Applications for Fixed Rate Mortgages
by Clayton Closson on October 20, 2005 in Mortgage Rates
Home purchases and refinance applications rise from the previous week. But the Fed is expected to continue raising rates. What should you do if you have an adjustable rate mortgage?
Lenders Raise the Limit for Jumbo Loans
by Clayton Closson on October 14, 2005 in Mortgage Rates
Fannie Mae and Freddie Mac are expected to increase the loan limit for jumbo-sized loans. Some lenders are already allowing clients to borrow up to $400,000 with lower non-conforming interest rates. Could this mean big savings for you?
Rates Expected to Rise Again – Time to Dis-ARM!
by Clayton Closson on October 11, 2005 in Mortgage Rates
The Fed has raised short-term interest rates nearly a dozen times in the last year. They're expected to raise them again in November. Find out why now is the time to convert your ARM into a fixed-rate mortgage.
Go Ahead, Show It Off!
by Clayton Closson on September 30, 2005 in Home Sales
Ok, you've decided to move and you're ready to sell your house. Here are some tips on the do's and don'ts of how to show your house.
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