If you ask me, this is a good time to buy a home providing you can afford it. If we've learned anything about the current disaster in the home-buying market, it's that buying a home you can't afford inevitably leads to disaster. And in this case, the disaster is not only in the … [Read more...] about It’s a Good Time To Buy
For those of you who like me are visual, I'm posting a simple graph that shows what the mortgage backed securities have done since May 12. They hit their low point on May 14. Don't forget, rates move inversely with the price of the security so you can see how dramatically they … [Read more...] about The Story This Past Month
Ok, I admit this has nothing to do with mortgages and real estate, but all of us who tend to get caught up in how awful things are right now, could take a lesson from these giants. It all comes from having a vision and believing in yourself. We can all learn to rise … [Read more...] about Not everyone loses
For first-time home buyers, all the fees and extra costs beyond what they are paying for their new house may come as a shock. So it's best to know about them upfront to avoid being caught off guard. One of the most common questions asked is, "Do I pay the realtor?" And the answer … [Read more...] about Anticipating Settlement Costs
While there is much said these days about foreclosure there is little said about avoiding foreclosure. Part of the reason is that the media has a tendency to center on the worst case scenarios associated with a problem. This is unfortunate because it leads to a situation where … [Read more...] about Understanding Loss Mitigation
The big question on everyone's mind right now is; what's with these interest rates? Beginning on Thursday, May 21, rates began to move up, dramatically. They are now a full 1% higher than they were just a couple of short weeks ago. What's going on, and will they come back … [Read more...] about What’s with these mortgage rates?