Last week’s economic reports suggested that demand for homes is rising despite a jump in mortgage rates and rising home prices fueled by low inventories of homes for sale. Demand for homes rose by 1.40 percent as interest rates jumped after the 10-year Treasury rate rose by 10 basis points.
What’s Ahead For Mortgage Rates This Week – October 3, 2016
October 3, 2016 by
Last week’s economic releases included reports on new and pending home sales, S&P Case-Shiller Home Price Indices and regularly scheduled weekly reporting on mortgage rates and weekly jobless claims. Readings on consumer sentiment and confidence were also released.
Eliminate These 5 Barriers To Saving For Your Down Payment This Month!
February 26, 2016 by
With all the expenses that go into monthly living and the temptations that come along with life, saving money for the down payment on your new home can be quite a struggle for many people. If you’re having a hard time saving and are wondering what you can do to ensure a higher bank balance next month, here are a few things that may pose a risk getting the home of your dreams.
Understanding Title Insurance and How It Impacts Your Mortgage Loan
September 26, 2014 by
Title insurance protects you and your lender from title disputes and other ownership issues that may arise. Here are just a few ways that title insurance can impact your mortgage.
Hybrid Loans
February 9, 2014 by
Rich Godbout Senior Mortgage Loan Officer NMLS ID: 482307 6550 Rock Spring Drive Suite 100 Bethesda, MD 20817 Tel (240) 372-RICH (7424) Fax (240) 800-4557 rgodbout@mcleanmortgage.com https://www.facebook.com/TheGodboutMortgageTeam Like us on Facebook – our posts are yours to sharehttps://www.facebook.com/TheGodboutMortgageTeam Hybrids May Be The Answer Could this be the year to check out hybrid mortgages, which haven’t […]
A Guide to Refinancing Your Home with H.A.R.P
November 13, 2013 by
A colleague of mine recently mentioned that she had received a letter from her bank saying she was eligible for HARP refinancing. Now, even as a seasoned real estate professional, she had questions as to what HARP was, why she was now eligible for it, and if it was a program even worth considering. I went back in my brain and […]
How Does An Interest-Only Mortgage Work?
October 2, 2013 by
When you have been researching your different options for a mortgage on your home, you might have heard of an “Interest-Only Mortgage”. What exactly does this type of mortgage mean and how does it work?
What You Need To Know About Mortgage Insurance
September 11, 2013 by
If you are on the verge of buying real estate, you’ve probably heard the term Private Mortgage Insurance. Mortgage professionals talk about it a great deal, but you may be asking, “What is it exactly? And why should I care?”
It’s Important To Follow These Specific Steps When Using Gift Funds For Your Down Payment
August 21, 2013 by
As lenders tighten mortgage guidelines for home buyers, minimum down payment requirements are increasing.
Whatever You Do, Don’t Make These Common Mortgage Mistakes
August 14, 2013 by
Are you applying for a mortgage on your home? Keep in mind that a mortgage is a major financial decision and choosing one will have a significant impact on the rest of your life.
