Home sales rose for the 11th consecutive month according to the National Association of REALTORS® Existing Home Sales Report for January. This is the first time this has occurred since the period between July of 2005 and May of 2006. National Average Home Price Up Over 12% Annually The national average home price in January …
The Next Big Trend – Downsizing?
The real estate market has started to recover from the downturn over the last few years in many areas of the country, including right here in Springfield. More and more people a simply thinking about buying a new place to live. February 2013 has been the busiest February for purchase loans I’ve experienced since jumping …
“What Is Your Interest Rate?”
“Where are mortgage rates at today?” “What is your interest rate?” “What is the rate for a 30 year fixed?” “What is the 15 year mortgage rate now?” “Can you get me a the 2% interest rate I see advertised from time to time?” In one form or another it is the same question, every day. …
Mortgage Rates This Week: February 25th, 2013
A quiet past week in economic news caused mortgage rates to worsen slightly. This week, however, will be packed with economic reports which may have an impact on interest rates going forward. Freddie Mac reported that the average rate for a 30-year fixed rate mortgage rose by 3 basis points from 3.53 percent to 3.56 …
Avoid Monthly Private Mortgage Insurance on Your Home Loan
Have you heard the term Private Mortgage Insurance (PMI) when looking into financing your new home? Maybe you have PMI now on your current home loan. In either case this blog post is for you! You may be wondering what PMI is and how to know when you need to purchase it or are allowed to get …
