Rates, They Keep on Changin….

Rates, They Keep on Changin….

Rates, like stock prices, can change during a day. Why? Markets move because of world events, government reports, supply/demand features and just the whim of the market.  The price of the bonds that mortgages gauge are called Mortgage Backed Securities. Investors sell mortgage backed securities and buy stocks or visa-versa during the day. This, the … Continue reading Rates, They Keep on Changin….

More Expensive Mortgages, Sneaky Style

More Expensive Mortgages, Sneaky Style

Rural Development has announced an increase to the USDA guarantee fee for both purchase and refinance transactions that will be effective for all Conditional Commitments issued on or after October 1, 2014. The annual fee, which is paid monthly, for both purchase and refinance transactions will be increasing from .40% to .50%. The upfront guarantee fee … Continue reading More Expensive Mortgages, Sneaky Style

Top Reasons the Real Estate Market Could Crash Soon

Top Reasons the Real Estate Market Could Crash Soon

Crash? Don’t be alarmed. Don’t sell your business, but realize that the economic structure and outside occurrences can shape a real estate market. I am a normally upbeat guy, but I do like realism. We have to step away from being happy all the time to an honest view for our clients — both sellers … Continue reading Top Reasons the Real Estate Market Could Crash Soon