Category Archives: Financing

Mortgage Market Has a Long Way to Go

In the Bloomberg piece for me the impact was in the numbers. the number of mortgages : 6.7 million the percentage of Bank of America mortgages represented : nearly 50% the number of days many loans are delinquent : 60 or more the time line to “put it to bed” : 36 months “We’re going…

An Agent’s Home Buying Journey – Part 2: The Lender

So, our home buying process continues. If you missed my original post regarding my own families home buying efforts you can catch that over here. Breaking The Rules Up until this point we have not played by my own set of rules that I use with clients, but hey, I’m the boss (of my real…

Mortgage Rates Continue to Rise

Last week I did a post highlighting the rise in interest rates over the course of the previous 5 days. Well the trend has continued. The rate which had gone up from 4.17%  to 4.51% in under five days is now up to 4.625%. The current rate includes one discount point (1% of the loan…

Interest Rates On The Rise

If you or someone you know is currently shopping for a home it just became less affordable since last week. During the week last week mortgage rates were as low as 4.17% for a 30 year fixed loan. As of today the mortgage rate has reached 4.5%, and seems to be climbing. The climb is…