Category Archives: Mortgages

Best Wedding Gift Ever: A House Via the FHA Bridal Registry

Fantastic article written and reported by Tara-Nicholle Nelson on TimeMoneyland Little-known HUD program allows couples, graduates and expectant parents to amass cash gifts from friends and family into a down payment on an FHA mortgage. When I told my father … Continue reading

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Debt Ceiling increased, Mortgage Rates Drop!

Mortgage rates plummeted last week and continue to drop this week. The 30-year fixed rate, usually the most popular choice for prospective homeowners, dropped to 4.45% from 4.57% last week, which represents its lowest point since last November, according to … Continue reading

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Buying vs Renting, the age old question

Many times I am approached with the question “should I rent or buy a home”.  I came across this fantastic document that weighs the pro’s and con’s of Buying vs Renting.  With interest rates being at or near historic lows … Continue reading

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DC’s April Home Sales Second Highest Since 2006

Last month, 5,170 home purchase contracts were signed in the DC area, the second highest total for April since 2006, according to data released today by RealEstate Business Intelligence (RBI), the research arm of Metropolitan Regional Information Systems (MRIS). The … Continue reading

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30-year mortgages hit 2011 low

Mortgage rates have dropped this past week. The affordability to purchase a home is at an all-time high and is in some cases CHEAPER to buy a home then rent a place. If you are interested in purchasing a home … Continue reading

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Rate on 30-year fixed mortgage falls to 4.78 pct

Fixed mortgage rates dipped this week, with the rate on the 30-year loan staying under 5 percent and the 15-year loan falling below 4 percent. Freddie Mac says the average rate on the 30-year loan fell to 4.78 percent from … Continue reading

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How Can You Beat a Cash Bidder in Real Estate Market

Cash buyers are flooding the real estate market in record numbers to take advantage of bargain housing prices. But these buyers may put consumers who need financing at a disadvantage. Sellers often prefer cash deals because it can mean faster … Continue reading

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Shutdown could roil housing market

Concerns about a government shutdown are also causing worry about a how a prolonged budget impasse could affect the nation’s fragile and still-recovering housing market. In the event of a shutdown, the U.S. Department of Housing and Urban Development’s Federal … Continue reading

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Regulators scrutinizing bank loan practices

Report: SEC looking at banks that restructure loans to make them look healthier The Securities and Exchange Commission (SEC) is scrutinizing U.S. banks that have restructured troubled loans in order to make them appear healthier than they really are, according … Continue reading

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Mortgage rates break 5%

          It’s time to say hello to 5% loans. The national average interest for a 30-year, fixed-rate mortgage surpassed 5% for the first time since May 2010, according to Freddie Mac’s Primary Mortgage Market Survey. During … Continue reading

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