Is a Short Sale Right For You?
Have you fallen behind on your mortgage payments, and don’t know what to do? Watch this brief video, and find out what a Short Sale is, and why it may be the solution you have been searching for. Continue Reading
Bank Repossessions Drop To A 44-Month Low
According to foreclosure-tracker RealtyTrac, November’s foreclosure filings fell 3 percent as compared to October, and 14 percent from November 2010. Continue Reading
Have Mortgage Rates Bottomed Out?
Mortgage rates have reached bottom. Or, so it seems.
According to Freddie Mac’s Primary Mortgage Market Survey, the average 30-year fixed rate mortgage is 4.00 percent nationwide — roughly the same rate as it’s been for 5 weeks.
During that times, rates have ranged between 3.97 and 4.02 percent with an accompanying 0.7 discount points, plus “typical” closing costs. Closing costs vary by state and 1 discount point is equal to 1 percent of your loan size. Continue Reading
Will “The Fed” introduce a new stimulus?
There was little in November’s Fed Minutes to surprise Wall Street, however, the Fed did discuss the possibility of new market stimulus, a topic Wall Street expects the FOMC to address next week at its last scheduled meeting of 2011.
Should the Fed introduce new market stimulus next week, and should it arrive in the form of additional mortgage bond purchases, expect for mortgage rates to fall across Arizona and nationwide. If the Fed declines new stimulus, mortgage rates should rise.
The FOMC meets Tuesday, December 13, 2012. Continue Reading
Refinancing? Beware Fraudulent HAMP Services
Federal Agencies Crack Down on HAMP Fraud Daily Real Estate News Some scam artists are preying on home owners looking to refinance using the government’s Home Affordable Modification Program. As such, federal agencies are banding together forming a task force aimed at cracking down on con artists who are falsely claiming they can save home… [Continue Reading]
Lock in Your Rate or Refinance Before Interest Rates Rise.
Have you been floating a mortgage rate or thinking about refinancing? It may be time to lock in that mortgage rate or refinance at today’s low interest rate.
The government’s Bureau of Labor Statistics released its November Non-Farm Payrolls report. Better known as “the jobs report”, the monthly Non-Farm Payrolls figures provide sector-by-sector employment data, and tally the size of the current U.S. workforce size. Continue Reading
