Better Credit Score = Better Mortgage Rates!

The mortgage process is difficult, at best, and one might feel like a criminal by the time one completes the process! Here are some tips to make the process easier and also what to do to get the better interest rates for your loan. It might be best to correct some issues before applying for that loan. Talk you your lender to see what you may want or need to do to improve your chances of obtaining a mortgage and get better rates in the process!

Once you have received your pre-approval, come see me to find that perfect home!

Click on the link below, to see the Discover Card article!

Ten Tips To Obtaining Mortgage

Interest rates at record low!

If you have been on the fence regarding purchasing or refinancing, perhaps now is the time.  As our prices inch upward and multiple offers are becoming more the norm, now might be the best time to see how much home you are able to purchase!  You may be surprised!  These interest rates are allowing folks to qualify for a whole lot more home than they thought!  Prices are still low!!  Even if you are looking for new construction, I can help you there, too!  Click on the link below to get the complete interest rate article!

Another record low interest rate!

This week's Interest Rates.... Up for 4th week!

Interest rates have risen for the 4th week in a row.  Although they are still at historic lows, each increase means higher payments or less house one is able to afford.  Couple that with low inventory, it has become difficult to find good housing at this time.  Click on the link below for the complete article.

Interest Rates Rise 4th Week In a Row!

Wow! Interest Rates Below 4%!

Just when you think rates cannot get any better, here you go folks! Rates have fallen below 4%. If you are able, now is a perfect time to refinance or search for that next great home! Click on the title for the complete article.

15 yr. rate below 4% and 30 yr. still below 5%!

The signs are still there that this is a great time to purchase that home! With rates this low, it makes sense! Click on the title for the complete article! There are a lot of options out there. Let me know how I may assist you in your next purchase.

Interest Rates Creep Upward!

Interest rates have moved up slightly this past week. Click on the title for the complete article.

Interest Rates Now Above 5%

The historically low interest rates continue, however, have now gone above the 5% mark. Each increase means less buying power for those looking to purchase a home. Contact your lender today to see how much buying power you have! Click on the title for the complete article.

Once Again, Interest Rates Rise!

While still under 5%, interest rates rose this week. These are historically low rates and will not last forever. Click on the title for the complete article, then contact your lender to see what you qualify for in a home.

Mortgage rates Inch Up!

Rates went up this week by a small percentage. Should the rates continue to rise, your buying power decreases! Click on the title for the complete article. The time to purchase that home in NOW!

Interest rates inch higher!

Interest rates are STILL at historical lows. Now is a GREAT time to purchase! Click on the headline to get the rest of the story!

Home sales up in December!

Everything is pointing in the right direction to get off the fence and purchase a home. Click on the title for the complete story, then contact me to purchase your next home!

Mortgage Rates Inch Lower

For the second week in a row, rates decreased slightly..... but how long will this last? Historically low interest rates make today a perfect day to purchase that home! Click on the title for the complete story!

Mortgage Rates Rise for 5th Week!

Mortgage rates, while still at historic lows, rose for the 5th straight week. Click on headline for the complete article.

Two Points!

The $8,000 first-time homebuyer tax credit has received a lot of attention lately, but it has also overshadowed another big reason to buy a home now: record-low interest rates.

In May, 30-year mortgage rates of 5 percent were widely available. That's down from January's already-low 5.8 percent, and two percentage points less than in August 2008.

How important is two points? On a $200,000 home, a buyer could save $257 per month ($3,084 per year) by buying now rather than last August. On a $200,000, 30-year fixed rate mortgage, the monthly payment difference is:

• 7 percent: $1,330 monthly (rates in August 2008)
• 6 percent: $1,199 monthly (rates in December 2008)
• 5 percent: $1,073 monthly (rates in May 2009)

© 2009 FLORIDA ASSOCIATION OF REALTORS®

Mortgage Interest Rates week ending 5/1/09

Rates on 30-year mortgages slid to an average of 4.78 percent this week, tying a record low and spurring refinancing activity as the housing market moves closer to bottom, according to Freddie Mac's weekly nationwide survey.

Interest Rates for Week ending April 23, 2009

Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 4.80 percent with an average 0.7 point for the week ending April 23, 2009, down from last week when it averaged 4.82 percent. Last year at this time, the 30-year FRM averaged 6.03 percent.

Current Mortgage Rates

Rates on 30-year mortgages inched higher this week to 4.87 percent after two straight weeks of record lows, but still remained at attractive levels for borrowers looking to refinance their home loans.

More Good Housing News!

Second straight monthly gain in pending home sales -- up nearly 11 percent in the Northeast, 15 percent in the Midwest, and 4.4 percent in the Southern states. Only the Western region saw a decline at 13.5 percent.

The ability of consumers to buy a house, as measured by the National Association of Realtors' Affordability Index, hit a record new high last month thanks to declining home prices and record-low mortgage rates.

Mortgage rates continued to drop last week -- even from the record lows the week before, according to the Mortgage Bankers Association. Thirty year rates now average just 4.6 percent and 15-year fixed loans average 4.45 percent with about a point.

Consumer spending registered a small increase, up by seven tenths of a percent in the last month. Personal income was up slightly as well.

Both the major indexes that measure consumer confidence, which is a key driver of home buying, were up slightly in the last month. The University of Michigan's survey and the Conference Board's index both registered small gains.

Positive Media Blips on U.S. Real Estate Market

Per MSN Money

Home prices rise 1.7%
Home prices in the U.S. rose an overall 1.7% in January from December, according to the Federal Housing Finance Agency -- the first monthly gain in a year. Prices were flat or up in eight of nine regions in January, with the Pacific states the only region showing a decline.Home prices are still down 6.3% from January 2008 and down 9.6% from peaking in April 2006.

Per API

February Existing Home Sales Rise By 5.1%
Sales of existing homes rose from January to February in an unexpected boost for the slumping U.S housing market as buyers took advantage of deep discounts on foreclosures.

Per NY Times

Fed move drives mortgage rates below 5%
Less than a day after the Federal Reserve said it would double its purchases of mortgage debt, fixed rates on conforming 30-year mortgages dropped as much as half a percentage point to well under 5 percent.

There is light at the end of the real estate tunnel.

Mortgage Rates!

On the heels of the Federal Reserve's new effort to aid the housing market, rates on 30-year fixed-rate mortgages dropped this week to 4.98 percent, just shy of the record low of 4.96 percent reported in mid-January, according to Freddie Mac's weekly nationwide survey.