Mortgage rates in Texas have been hot (much like the scorching 100°+ days), bouncing around record levels for a couple of weeks now. While a week ago mortgage rates were the best we’ve seen since last Oct 6th, they have wilted a bit and have given up about 100 basis points (no correlation to the daily [...]
Archive | Mortgage Rates RSS feed for this section
The Low Down on FHA
FHA insured mortgages are a great option for first time homebuyers who want to take advantage of today’s super low mortgage interest rates but have minimal cash on hand for a down payment. FHA insured mortgages require a low 3.5% down payment which is helpful to many first time homebuyers. While conventional loans offer comparable [...]
“What’s Your Rate?”
The most frequently asked question by a consumer to a mortgage professional is, “what’s your rate?” After all, it is what we have been conditioned to ask. Look online and you can get an instant quote as well as see published mortgage rates everywhere….but be cautious about mortgage rates advertised for the masses. Many people [...]
Memorial Madness for Mortgage Rates?
North Dallas has enjoyed some terrific mortgage interest rates lately as mortgage backed securities have been trading in a very positive range. In fact, mortgage interest rates are at the lowest levels this year! However, they are capped off by a strong ceiling of resistance which is a huge roadblock to further improvement. Heading into [...]
Housing: Where Opportunity and Affordability Meet
Earlier this week I wrote about the Home Opportunity Index and how homes are more affordable today than ever before. The last time you could pick up a home around $176K at a mortgage interest rate in the 5’s…was in 2003. And the rate was barely in the 5’s, really more like “almost 6%”. Eight [...]
Global Events Impact Home Loan Rates
Times have changed and today we live in a global economy. An inter-connected world where goods and capital move freely at lightning speed across countries. The widely accepted view is that globalization not only benefits all countries across the world but lends itself towards the betterment of the economy as a whole. As we have [...]
Huh? The Year of the Banks?
Say Whaaaaattt? Yup, that is what Randy Warren, chief investment officer of Warren Financial Service says! He expects banks to do very well this year saying, “2011 could be the year of the banks.” He anticipates Banks will step up their lending this year, which in turn will drive up their earnings growth. His investment [...]
Which Jar for Your Mortgage Money?
Just like your parents, you don’t want a mortgage. You want a nice home for sure, just no mortgage to go with it. Most people absolutely hate having a mortgage and would like to get rid of is as fast as possible. I get it. And let’s face it, our parents told us to put [...]
