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 [...]
Don’t Foreclose! Do A Short Sale
April 3, 2010 by Monica McNamara · Leave a Comment
Don’t foreclose! Do a short sale Short sales are the hottest thing going in the distressed-property market, and the trend is expected to get even hotter in coming weeks, when the government starts handing out cash to encourage lenders to close these deals. “Banks have ramped up short sale approvals,” said Duane Legate of House [...]
Where Are These Interest Rates Going – Ask The Experts
October 31, 2009 by Monica McNamara · Leave a Comment
Mortgage Rates Seen Below 6% Through 2010 Even as mortgage rates remain near record lows, the Mortgage Bankers Association believes that the looming expiration of a key Federal Reserve program may increase home loan costs next year. Still, the MBA expects rates to remain extremely attractive throughout 2010, helping to juice home sales and insert [...]
I Support The Senate Bill To Extend First-Time Homebuyer Tax Credit
September 22, 2009 by Monica McNamara · Leave a Comment
I am very pleased to see the parent company that I work with supporting this legislation. The proposed extension for this tax credit will serve to further enhance the recovery of the real estate market, in addition to being a wonderful incentive to many Americans to experience the joys of home ownership. PARSIPPANY, N.J., September [...]
So What About Those Interest Rates?
September 8, 2009 by Monica McNamara · Leave a Comment
Interest rates…everybody wants to know where they are headed. Here’s what’s coming out this week that will definitely have an impact. The Fed’s Beige Book – officially known as the Survey on Current Economic Conditions will be reported on Wednesday. It shows info from banks, interviews with business contacts, economists, market experts, and other sources. [...]
Data Shows Housing Market Starting To Recover
July 23, 2009 by Monica McNamara · Leave a Comment
WBOC TV News Channel 16 located in Salisbury, Maryland reported this information earlier today. I find it very encouraging that there are signs of new life in our economy. Everyone has been hard hit. Beginning to see some light at the end of the tunnel will further propel our national economy towards more prosperous times. [...]
