Archive for the 'Advice' Category

1. Remove clutter and clear off counters. Throw out stacks of newspapers and magazines and stow away most of your small decorative items. Put excess furniture in storage, and remove out-of-season clothing items that are cramping closet space. Don’t forget to clean out the garage, too.
2. Wash your windows and screens. This will help get […]

30-Year Rates Jump to 6.03%

Freddie Mac reported a jump in the 30-year fixed mortgage rate to 6.03 percent during the week ending April 24; It went up from 5.88 percent the prior week, marking the first time in six weeks that mortgage rates rose above the 6 percent level.
The 15-year fixed mortgage rate climbed during the same period, moving […]

The difference in a decade

Looking back 10 years
10 years ago we were all younger and more energetic. You could have never imagined today you would be so different from the person that you thought yourself to be a decade’s ago. Plans change, chance events materialized, and instinctual decisions interestingly turned out to be right on. That’s the unpredictable journey […]

New FHA & Conforming Loan Limits

Under the Economic Stimulas Act of 2008, FHA and conforming loan limits are set at 125% of area median home prices as determined by HUD. 
Higher loans limits should draw many “move-up” buyers into the market since they will be able to get better loan terms.
If you have been looking to move up into a larger […]

There is a good reason to buy now instead of waiting for prices to come down.
Consider a typical home that sells for around $219,000. For example, you put down 20% and get a 30 year fixed rate mortgage at today’s rate of 5.5%. With that, monthly principal and interest payments would come to around […]




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