The Fed Chairman Bernanke is speaking to Congress this morning, and so far the outstanding highlights are, paraphrasing: Fed continues to expect conditions to warrant exceptionally low rates for extended period will continue to evaluate purchases of securities in light of evolving outlook as expansion matures, Fed will at some point need to begin to tighten ...
Monthly Archives: February 2010
Atlanta Refinance Opportunities are Short-lived
Greg McBride of Bankrate.com is now commenting on the prospect of higher mortgage rates in the near term, once the Fed stops buying Mortgage Backed Securities at the end of March. He thinks rates will jump just .50%, others think it will go even higher. Watch what he says:
Atlanta Housing Rise or Fall When Government Stops Subsidizing Mortgage Rates
The housing meltdown seems to be stabilizing, and nowhere more so than in the metro Atlanta area. Atlanta mortgage rates are down, and the average days on the market before a home sells is declining. And prices nationally are up 3% from their ...
Atlanta First Time Home Buyers – Watch This!
My industry colleague, Dustin Hughes, made this video for first time home buyers for his market, Portland. It is applicable here in Atlanta, so I hope you enjoy it. Now, if you are an Atlanta first time home buyer, call me for ...
Time to Lock an Interest Rate
Two bits of news are out this morning that just give a 'mortgage guy' indigestion. (Oh, and if you're in the market for a home, it should you, too.) First, if you have been following the news at all recently you are aware ...
Loan Modifications Hard to Come By: The Reason
I recently met these two guys who are doing some very interesting and innovative video marketing in the mortgage industry. So HERE is a link to the video that they put out today. It explains how banks are making money on the mortgage loans transferred from all the banks that the FDIC shut down. In a ...
Atlanta FHA Loans for HUD Properties Could Be Your Best Option
As of this writing, there are 2,244 HUD owned properties for sale in Georgia. And, they are generally all affordable. But you know the great thing about considering buying a HUD home? If you ...