ShareThisArchive for Interest Rates
Maryland Grand Slam Program for Baltimore City!
Effective September 2, 2015, Maryland is offering four special incentives (hence the name Grand Slam) for borrowers who are purchasing a home in Baltimore City. The Maryland Grand Slam Program in Baltimore City is open for reservations until the allocated funds for the grants are expended. The remaining balance of these funds will be posted […]
Comparison of Good Faith Estimate (GFE) and HUD-1 Charges
When your lender gives you a Good Faith Estimate (GFE) there are some fees that can’t increase on you at settlement. There are some charges that can’t increase above 10%, and there are some charges that can change. Below is the list of charges that can and can’t change on you at settlement. Charges That […]
Buyers are Making Quicker Decisions Because of Low Housing Inventory in Some Areas!
Last month my wife and I helped 9 clients purchase properties in Baltimore City, Baltimore County, and Howard County. 5 of the 9 clients were up against multiple offers. I’ve notice this happening more and more this year. Some clients are coming to me with properties they want to see fast because they are noticing […]
High Rentals Pushing People to Buy Homes!
With Apartment and rental properties rents climbing across the U. S., but the cost to buy a home still low, housing analysts expect to see more apartment dwellers opting to become homeowners. Over the past 90 days I had several clients looking to rent realize that it was cheaper to purchase a home instead of […]
Homeownership Beats Renting in 3 Out of 4 U.S. Cities!
Trulia examined the cost of renting versus buying in America’s 50 largest cities and found that buying is more affordable in 72% of major cities. Three reasons buying a home has become more affordable in 72% of major cities than renting . 1. Rental prices have increased. The rental market has become flooded with homeowners […]
Have You Heard Interest Rates as Low as 3.5%!
I thought interest rates would be around 5% towards the end of 2011 and heading towards 6%. I am glad to see I was wrong. Because of the lack luster growth with the economy, and low consumer confidence, interest rates have been kept low.This is a good thing for potential buyers. Would you rather finance […]
How to Get Mortgage Financing in 2011!
In my last blog post I quoted the Federal Reserve Chairman, Ben Bernanke who stated at the international monetary conference in Atlanta Georgia a few weeks ago that “despite historically affordable home values, many buyers are unable to access financing due to tightened lending standards.†While this statement is true, there are a couple of […]
Now is a Good Time to Buy!
A recent survey backed by the National Association of Home Builders (NAHB) found that Americans see beyond the immediate housing market to the enduring value of homeownership which still remains essential to the American dream. The Chairman of NAHB reported that 75 percent of those polled said owning a home is worth the market fluctuations […]
Happy New Year! Happy House Hunting!
It’s now 2011! Will this be the year you finally start the process of purchasing your new home? I believe there will be great deals still available in 2011. Don’t wait until interest rates get to 6% before you decide now is the time to buy. My last client that settled on December 29,2010 received […]
Buyers What Are You Waiting For? 30-Year Mortgages Fall to 4.19%!
Can you believe it! 30- year mortgages has fallen to 4.19% The average rate on a 30- year fixed mortgage is now the lowest it has been in six decades. Freddic Mac’s weekly rate report says a 30-year fix fell to an average of 4.19 percent in the week ending October 14, down from 4.27 […]
