Mortgage rates took a major beating last week after Fed officially stopped buying mortgage backed securities. Fannie Mae 30 year (4.5%) mortgage bond opened the week at 100.44, and closed at 99.47, a drop of whopping 97 bps (see chart below). The mortgage rates for most of the conventional loan programs had jumped up by [...]
San Francisco Bay Area, California - 408.905.6261
We have been urging our Minesota and North Dakota Veterans to make a decision soon…What’s happening in Washington will make VA loan rate increases impossible to avoid.
Minnesota - 800-656-1160
Excuse me home builders, but your bad news may be good news for Minnesota homeowners and VA loan seekers…We at VALoansMN believe this bloated supply of homes for sale and our historic low VA loan rates is presenting an opportunity that could be characterized as “once in a lifetime”.
Minnesota - 800-656-1160
The Fed doesn’t control interest rates but they can tell us what to expect. We at VALoansMN are watching the Fed very closely for a signal rates are going up on VA Loans in Minnesota and nationwide.
Minnesota - 800-656-1160
The Realtor questioned the rate her client was receiving on the VA loan….We’ve also seen the ads for houses selling for half off the asking price or for pennies on the dollar. We would never call a Realtor and question the price you’ve negotiated for a client or the homes they’ve shown.
Minnesota - 800-656-1160
The Mortgage Rates for a 5 Year adjustable rate mortgage (ARM) sank to 4% (and lower in some cases)* yesterday for San Jose homes. Rate improvements yesterday has opened up great opportunities for San Jose home owners and First Time Home Buyers. This could be great news if:
You already own a home but plan to [...]
San Francisco Bay Area, California - 408.905.6261
South Florida Home Sales Jump Led by Miami-Dade
Single family home and condominium sales were up across the board as all of South Florida beat the national numbers reported the National Association of Realtors today in terms of percentage increase in units sold for the month of December on a year over year basis.
Media outlets will [...]
Sewall's Point, Florida - 561-373-4622
Would a webinar for my Oregon readers to discuss the Home Buyer Tax Credit is a good idea. I have chosen this method of delivery so that people will have a chance to ask questions in a real time on line manner. The webinar would be informational in scope with a presentation of the program guidelines and a question and answer session at the end of the presentation. We can’t call this a First Time Home Buyer Seminar since the extension added previous home owners to the tax credit. Right now, I am wondering if there would be the required audience for such a presentation.
Eugene, Oregon - 541-342-7576
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