Archive for Mortgage News

Short sales the wave of the (short term) future?

We’ll see if that holds true for Raleigh. According to a report from the New York Times that I read today, the government will start paying banks and sellers to utilize the short sale process to encourage more real estate sales activity.
“We want to streamline and standardize the short sale process to make it much easier on [...]

Mortage rate predictions

Here’s a quick update about my earlier post regarding the uncertain future of mortgage rates:
One reason for such bidding wars is that many buyers can qualify for tax credits of as much as $8,000 if they agree on a home purchase by April 30. Meanwhile, economists say mortgage rates — currently around 5% for standard 30-year [...]

Changes to FHA Loans: How will Raleigh be affected?

I’m not sure what this means to Raleigh as an individual market. We are seeing stronger sales below $300,000 and strongest numbers as we see them are below $200,000. FHA goes up to $295,000 in our area so I’m sure it will have some ramification on buyers because the lower price range often represents younger [...]

Where are mortgage rates heading?

According to a recent report from the CMPS Institute, an industry leading mortgage planning certification provider, Federal Reserve officials have stated they intend to wind down their program to purchase $1.25 trillion of mortgage-backed securities.