Ocean City, Md Condo Financing Questions Discussed
January 6, 2010 by Monica McNamara · Leave a Comment
I can not stress the importance enough of working with a lender that has a proven track record of processing and approving a condominium product loan. If they don’t, many loans have not been placed, because lenders take a loan that they can not compete. Paul Soule with Coldwell Banker Home Mortgage takes the time [...]
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 [...]
Mortgage Rates Down 5th Week In Row
October 2, 2009 by Monica McNamara · Leave a Comment
Here are the National Rate survey Results (10/01/2009) 30 year Conventional Loan: 5.25% w/ average points 0.31 15 year Conventional Loan: 4.64% w/ average points 0.31 30 year FHA Loan: 5.24% w/ average points 0.09 5 year Adjustable Rate Mortgage: 4.69% w/ average points 0.31 Will rates rise or remain relatively unchanged? Industry experts give [...]
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. [...]
Buyers Are Back
August 4, 2009 by Monica McNamara · Leave a Comment
Homebuyers are back! After a cold spell through fall, winter and spring, buyers are acting on the positives of lower prices, lower interest rates and higher tax credits. The result? An increase in sales of existing homes/condominiums for the last two months. Savvy sellers who are positioning their prices for the market are the beneficiaries [...]
By The Numbers
June 27, 2009 by Monica McNamara · Leave a Comment
A local loan officer, Rod Flowers with SunTrust Mortgage, sent this to me and I thought it was worth publishing. It’s very interesting data. As an FYI at the end of his message…he sent some great news…interest rates are falling. Investing After A Recession Begins The S&P 500 has gained an average of +13.1% per [...]
