Good news is coming for Georgia homeowners with current FHA loans on those homes. The Streamline FHA refinance program has been around for a long time; but about a year ago HUD increased the monthly cost of mortgage insurance for FHA loans, and next month that cost will rise, yet again. So how is that… Continue Reading
The Federal Reserve Board met yesterday and said that they did not have plans to raise interest rates, meaning the Fed Funds short term Rate, through 2014. The Fed statement noted some growth in the US economy, but also noted significant downside risk, based largely on the possibility of contagion from the Eurozone debt crisis…. Continue Reading
So, which to give out first, the good news or the bad news? Okay, who am I kidding? We all know to give out the bad news first. And that is that for purchases, FHA is about to get more expensive for new loans begun after April 9. Atlanta and South Carolina FHA loans will… Continue Reading
As I have posted here, the HARP 2 refinance program will open to metro Atlanta homeowners, and throughout the Southeast, for that matter, in just over a month. Fannie Mae says they will be ready to receive the loans after March 17. And one of the main questions that I am receiving about the program… Continue Reading
If you are a frequent listener to The John Adams Radio show every Saturday, then you have heard me say that these low, low rates that we have enjoyed in Georgia and the Southeast for several weeks now are set to jump. Now, let’s take a few minutes to go deeper on the reasons why… Continue Reading
Excitement is growing over the upcoming Atlanta HARP 2 refinance program, that will allow homeowners who are under water on their mortgage to refinance, and take advantage of these low, low mortgage rates. We will be able to begin closing these loans in March of this year, 2012. In the meantime while waiting for that… Continue Reading
Turn on the news or log onto the internet and one story has jumped out for 4 years now: Housing. The most common narrative is “The housing crisis continues…and we need housing to lead us out of this economic downturn” with the subsequent commentary of ailing homeowners and wondering when, or if, the economy will… Continue Reading
2011 flew by, and now 2012 upon us. Time for New Year’s resolutions, a plan to make one or another aspect of our lives better by this time next year. I looked for a solid statistic about how many of us keep our resolutions; and although I could not find anything I would call scientific,… Continue Reading
We are closing our last loans for the year, and thankfully with the team we have seen them all to a good close. It has been a tumultuous year in the mortgage industry, and the team we have put together has weathered the storm well, and grown in both number of loans completed for you,… Continue Reading
All told, this has been a tough year. Not for everyone, but for many. Jobless rates are up, if you take historical data into account and ignore some of the New Math that Washington is using. Home values are down, and the Realtors group overstated home sales by some 3 million homes. Europe is melting… Continue Reading