Although housing has slowed somewhat recently, long-term rates still remain attractive. The Fed paused their rate hikes the last time they met and are likely to do the same again this week. The economy remains conducive to housing and inflation remains under control.
The Home Buying Process: Step by Step
by Clayton Closson on September 15, 2006 in Home Buying
If you've never bought a house before, you're probably very intimidated by the idea. Do you know what you should look for in a home? How to find the right real estate agent? How to get financing for the home? Many first-time home buyers don't where to start. But it doesn't have to be scary or difficult. Here's a step-by-step breakdown.
Housing Gains Strength on Low Long-Term Rates
by Clayton Closson on September 13, 2006 in Market Update
The number of home purchases grew last week compared to the week before, as Americans are taking advantage of long-term interest rates that are hovering at yearly lows.
Choosing the Right Option ARM
by Clayton Closson on September 8, 2006 in Home Buying
There are literally hundreds of mortgage loan “products” in the market these days, many of which are structured to provide homeowners flexibility. Option ARMs are made specifically to offer flexibility. But everyone is different and has different needs, so there isn't a one-size-fits-all. How do you choose the right Option ARM?
Long-Term Rates Decline; Flirt with Historical Lows
by Clayton Closson on September 6, 2006 in Market Update
As long-term interest rates approach yearly lows, more people are looking to buy or refinance a home.
Maintain Your Credit After Divorce or Loss of Spouse
by Clayton Closson on September 1, 2006 in Homeowners Tips
If you have ever suffered the loss of a spouse due to death or divorce, you know there are many things you have to take care of to ensure your financial security. One of those is to make sure your credit is in good standing and stays that way. Here are a few tips.
Gap Between Short- and Long-Term Rates Narrows
by Clayton Closson on August 30, 2006 in Market Update
Applications for mortgages, both refinances and new purchases, were down a bit last week. The gap between short-term rates and long-term rates has narrowed, but long-term rates remain low and continue to prompt those with adjustable rate mortgages to refinance into fixed programs.
Closing on the New House While Selling the Old
by Clayton Closson on August 25, 2006 in Home Buying
Having a hard time selling your old house while trying to get into your new house? Many people get a bridge loan or a home equity loan in order to get the money for the down payment they need. But there's a better alternative emerging in the housing market.
Long-Term Interest Rates Fall, Support Housing
by Clayton Closson on August 24, 2006 in Market Update
Sales of new homes dropped a bit last month to a level lower than in June. The housing market has slowed, but the drop in long-term rates should keep supporting the housing market.
Quicken Loans $10,000 Cash Giveaway Offers Many Opportunities To Win Prizes
by brawson on August 23, 2006 in Press Release
By visiting Web site, you can instantly win gift cards, movie tickets or grand prize Livonia, Mich. – Aug. 23, 2006 – What would you [...]
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