Taking Mortgage Broker Recommendations There’s a big difference between inexpensive and a good value where home loans are concerned. Throw in a few dozen flashy ads with teaser interest rates and all the magic the loan officer promises to work for you and let the mortgage cyclone begin. Getting a mortgage is unsettling for some [...]
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The Low Interest Rates Won’t Last Forever To everyone’s great relief, fixed mortgage rates have been extraordinarily low for the last year averaging between 4.75% – 5.25%. However, perhaps you remember the summer of 2008? Gas prices crested $4/gal, inflation was all the rage and home buyers were snapping up 6.5% mortgage rates like they [...]
Continue reading about The Dollars and Cents of a Great Interest Rate
Interest rates for Bonita Springs Florida real estate.
Continue reading about Bonita Springs Florida Monday Mortgage Report 07-13-2009
Get The Good Rates or Pay The Toll I am stealing that line from Neil Cavuto of Fox Business Network. In a recent broadcast of Fox News, Cavuto mentioned how someone asked him about mortgage rates. The person was hesitant to buy a new house because mortgage rates went back up. Cavuto asked him what [...]
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Are you too late to the home buying or refinancing game? Some people still think that things are going to get better. So I decided to hold off one week on writing something, so this way I could write on what did happen. As they say, “Hindsight is 20/20.” Now, there is no arguing that [...]
Continue reading about Bonita Springs Florida Monday Mortgage Report 05-11-2009
Mortgage Rates Hit 5 Year High This week it is projected that mortgage rates will reach a 5 year record high. Thanks to declining markets, credit lending guidelines tightening down, banks going out of business or merging to avoid bankruptcy, and many other economic factors, potential homeowners will now be facing an even more difficult [...]
Continue reading about Bonita Springs Florida Monday Mortgage Report 04-27-2009
Bonita Springs Refinance Rates Still Below 5% Recently, President Obama talked about the record low interest rates available for home loans and how this is a great time for millions of homeowners to refinance. Quite a few news sources criticized him for sounding too much like a salesman – but hey, they have to have [...]
Continue reading about Bonita Springs Florida Monday Mortgage Report 04-14-2009
Mid Week Mortgage News Alert Two weeks ago, President Obama introduce his plan to stave off foreclosures by giving incentives to banks to help homeowners that are not currently in default lower their payments and take advantage of lower rates. Today, that plan was approved and rolled out by Fannie Mae through its Home Affordable [...]
Continue reading about Home Affordable Modification – Obama’s Plan Has been Approved
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