We are in the middle of a heated Republican primary, which will lead to an even hotter general election for the presidency. Candidates will want to pay attention to a recent poll that was done by the National Association of Home Builders (NAHB). Seventy-five percent of the 1,500 likely voters who were polled responded that…
It may be hard to believe, but real estate news these days isn’t all bad. Take, for example, the news that mortgage refinancing may soon get a lot easier for those whose homes are underwater. In an article written yesterday, SFGate (the online home of the San Francisco Chronicle) reported that the President and other…
Free-falling mortgage rates are spurring many large banks and credit unions to try and lure new home buyers to their company, leading them to offer discounts ranging from the modest to the magnificent, and even causing them to cut closing costs. Some of these deals include: Waiving some closing fees, such the appraisal and title-related charges,…
Most people are aware that we presently have some of the lowest mortgage rates in history, meaning that those currently stuck with high interest rates are dying to refinance and significantly lower their rate. Unfortunately, since most people are aware of this fact, that means you may get lost in the shuffle as homeowners inundate…
The Wall Street Journal, ever the reliable source for such things, recently reported that mortgage interest rates have declined. That’s relatively predictable news in some respects, but this particular drop seems worth noting. Not only are 30-year mortgage interest rates holding at well below 5% (the average for last week was 4.78%), but15-year mortgages and…
