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mortgage

This tag is associated with 25 posts

Re-Post: Interest Rates

… frequent press reports about the Federal Reserve Board raising interest rates can cause confusion among concerned mortgage borrowers who don’t understand that the Fed has no direct control in the mortgage market … Continue reading

Could the Court vacate 18 months of financial regulations? Should it?

Hundreds of new mortgage-industry rules in recent years have undoubtedly slowed the housing recovery. Now it appears that all of that regulatory effort could be undone. Should it? Continue reading

We’ve had quite enough help, thank you!

The recent housing crisis was in very large part caused by our government and quasi-governmental agencies (Fannie Mae and Freddie Mac) creating incentives for mortgage lenders to make loans that they would not have made otherwise.  I’ll be happy to discuss this, but in my opinion it’s incontrovertible. In response to the crisis it created, … Continue reading

Mortgage rate future?

I encourage my younger friends and prospective homebuyers to assume that 3.5% will NOT be the long-term mortgage interest rate. We are living in trying economic times with many historically unusual pressures. This too shall pass, and rates will begin to rise. Continue reading

Real estate boosts the economy

Help to advocate these changes now — talk to friends and business acquaintances, and most importantly contact your representatives in Congress. These changes are needed this year! Continue reading

Behind on your mortgage? You have options!

7 out of every 8 homeowners in this market sample never listed their homes for sale before they were taken in foreclosure! Don’t be one of those 7-of-8 folks! Continue reading

Mortgage interest rates and monthly payments

Let’s say the rates bounced “all the way” up to 6%. What would that mean to the average homebuyer? To answer that, consider buying a $200,000 home (near the median in Austin), with a 3.5% down payment on a 30-year fixed rate FHA loan. Here’s what happens to the monthly payment (principal and interest only) as rates go up. Continue reading

Is Housing Important, or not?

What’s going on with rules affecting mortgage lending is horribly misguided …. “AARRGGGHHHHHH!”
Continue reading

Don’t unintentionally hurt your credit score

If increasing or maintaining your credit score is your top priority, though, you MUST read that article. Continue reading

More help from Washington … Is this really necessary?

Last year’s Dodd-Frank financial regulation law requires consolidation of some key forms used every day in the mortgage business. Every time I hear that somebody in Washington is going to “simplify” paperwork I know it’s time to duck. Let’s hope this time is different. Continue reading