The sale of newly constructed homes in the month of July rose 2.4%, according to a report issued today by the United States Census Bureau. This follows a report issued Tuesday by the National Association of Realtors indicating that July sales of previously owned homes hit a 5-month high.
Selling Your Home This Fall? Get the Tips You Need to Sell in a Buyer's Market.
by Clayton Closson on August 25, 2008 in Home Buying
Selling your home this fall? Historically, the fall season brings on slower home sale activity. Here's how to make your home the highlight of the house-hunt. While curb appeal is still very important, what you do on the inside of your home can be equally as powerful.
Selling Your Home This Fall? Get the Tips You Need to Sell in a Buyer’s Market.
by Clayton Closson on August 25, 2008 in Mortgage Rates
Selling your home this fall? Historically, the fall season brings on slower home sale activity. Here's how to make your home the highlight of the house-hunt. While curb appeal is still very important, what you do on the inside of your home can be equally as powerful.
Existing Home Sales Hit 5 Month High Thanks to FHA Loans
by Clayton Closson on August 25, 2008 in Home Sales
The National Association of Realtors announced today that Existing Home Sales rebounded in July to a 5-month high. The report, which measures the month-over-month sale of previously owned homes, indicated sales of such homes increased 3.1 percent possibly influenced by FHA Loans.
Home Loan Activity Slower Last Week, FHA Loans May Be Answer
by Clayton Closson on August 20, 2008 in Market Update
For the second consecutive week, overall home mortgage activity fell 1.5 percent, according to a report issued today by the Mortgage Bankers Association (MBA).
Buying a Home? Get a Lower Rate With a Lender-Paid Rate Buy-Down!
by Clayton Closson on August 19, 2008 in Home Buying
What can homeowners and homeowner hopefuls do to lower their interest rate? A temporary rate buy-down paid by your lender! Some lenders are offering a temporary buy-down version of FHA mortgages. What’s a temporary buy-down? The program gives clients who are purchasing a home a reduced interest rate for up to the first two years that they’re in their home.
FHA Secure Now Helps More Homeowners Refinance With an FHA Loan
by Clayton Closson on August 15, 2008 in Mortgage Rates
Last year, FHA rolled out FHASecure, a loan program designed to help homeowners with adjusting ARMs (adjustable rate mortgages) get a fixed rate. Last month, FHA re-launched FHA Secure with some fresh new guidelines aimed at helping even more homeowners.
Despite Popularity of FHA Loans, Mortgage Activity Dips in Weekly Survey
by Clayton Closson on August 13, 2008 in Market Update
The Mortgage Bankers Association announced this morning that the number of people applying for a mortgage last week fell 1.5% as compared to the one that preceded it. While applications to purchase a home were flat, applications to refinance an existing mortgage fell 4.2%
Knowing When to Lock Mortgage Rates – Interview With USA Today
by Clayton Closson on August 11, 2008 in Mortgage Rates
Knowing when to lock mortgage interest rates is extremely important and something everyone interest in buying a home or refinancing should understand. Today's audio news stories talks about locking rates and what you need to know to make the best decisions.
Federal Reserve Holds Rate at 2%
by Clayton Closson on August 5, 2008 in Market Update
The Federal Open Market Committee (FOMC) announced today that it will maintain its Fed Funds rate at 2.0 percent. This is the rate at which banks loan money to one another, impacts mortgage rates for adjustable rate mortgages and home equity lines of credit.
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