Mortgage & Financing
Sandy Creates Closing Delays & Slightly Lower Interest Rates
November 1, 2012 by Monica McNamara · Leave a Comment
Important information post Hurricane Sandy for buyers and sellers of Coastal Properties. November 1, 2012. www.Bankrate.com The good news: Mortgage rates snoozed this week as superstorm Sandy forced financial markets to shutter for two days and delayed loan closings nationwide. The bad news: Sandy also put many refinancers and homebuyers across the country in a [...]
Selling Your Ocean City Home Yourself? Needless Financial Headaches Might Cost You
May 15, 2012 by Monica McNamara · Leave a Comment
Are you planning to sell your Ocean City home without the services of a real estate agent? If that’s the case you had better start a cram course in financing. How much money will you want down? How will you determine the prospect’s credit history? How much cash should you get with the offer? Will you [...]
The Perfect Mortgage Loan File
April 10, 2012 by Monica McNamara · Leave a Comment
What do you need to know when you apply for a mortgage loan? Here are some invaluable tips from Paul Soule with Coldwell Banker Mortgage. He shares from his extensive personal experience, and from a very relevant article from Forbes. “Much has been said and written in recent years about the tightening of standards in [...]
Mortgage Rate News
October 13, 2011 by Monica McNamara · Leave a Comment
Mortgage Rates on the Rise, But Still Near Historic Lows October 13, 2011 (www.bankrate.com) Via Paul Soule, Coldwell Banker Home Loans. Mortgage rates climbed this week after investors became less pessimistic about the financial crisis in Europe and the employment market in the United States. But rates remain near all-time lows and are expected to [...]
Home Mortgage Rate Update
May 5, 2011 by Monica McNamara · Leave a Comment
Bin Laden’s Death and European Debt Crisis = Good News for Mortgage Rates May 5, 2011 One factor that may contribute to keeping rates low for now is the fear of potential retaliation from terrorist groups after the death of Osama bin Laden. The United States kept its official threat level unchanged after the al-Qaida [...]
Let’s Talk Mortgage Interest Rates
March 28, 2011 by Monica McNamara · Leave a Comment
The latest mortgage information shows that interest rates were up slightly this past week. Still very affordable rates. They remain at near historic lows. Here’s what’s driving our rates as shared with us by Paul Soule, Senior Mortgage Advisor with PHH Home Loans in Ocean City, Maryland. March 24, 2011 Inflation Concerns Hurts Bond Demand [...]
Market Briefs – 30 Years Back to 5%
February 19, 2011 by Monica McNamara · Leave a Comment
Thirty-Year Back to 5 Percent Freddie Mac’s latest survey reports longer-term rates eased a bit this week as was expected when Treasury yields fell slightly. The 30-year fixed-rate mortgage (FRM) averaged 5.0 percent for the week, down from last week when it averaged 5.05 percent. Last year at this time, the 30-year FRM averaged 4.93 [...]
Housing Market Update – The Economic Calendar
February 15, 2011 by Monica McNamara · Leave a Comment
The Housing Market Update – The Economic Calendar Market Summary With Egypt dominating the news, some significant items of interest to the housing market might have escaped notice. Unfortunately, some of them were on the unpleasant side. Mortgage rates took an upward move across the board with the 30-year breaking the 5% barrier for the [...]
What Does the Federal Reserve Do Anyway?
October 4, 2010 by Monica McNamara · Leave a Comment
With the economy in the news every day, more attention is being focused on the Federal Reserve than ever before. The Federal Reserve is made up of twelve Federal Reserve Banks, overseen by the Board of Governors. The Board of Governors is located in Washington, DC and is comprised of just seven members, who are [...]
Top 10 Credit Don’ts During The Loan Process
September 23, 2010 by Monica McNamara · Leave a Comment
So many buyers are taking advantage of interest rates at historic lows, either by re-structuring debt with a refinance or purchasing a new home or condominium. However, the recent economic issues have created even tougher guidelines and credit requirements and there are some things that consumers must be aware of when applying for a loan. [...]
