Every Saturday, from 12noon-2pm, I will be on the John Adams Radio Show providing mortgage news updates. You can tune in, if you are out and about on a Saturday afternoon, on WGKA 920 AM. It is a lot of fun, and a ...
Category Archives: Atlanta Home Loans
Purchase Loans Apps Down – Opportunity Buying Now
Below is a graph of the number of purchase mortgage loan applications taken each month. Notice what all of us in the industry have felt, that things have really fallen off since the expiration of the tax credit. The good news if you are in the market for a home is that sellers are feeling it, ...
A Quick Look at the Atlanta Housing Market
U.S. foreclosure rates fell for the third straight month according to RealtyTrac's new report. New foreclosure fillings in June dropped 2.81 percent from the previous month and 6.98 percent from the previous year. While foreclosure rates are falling, they are still at high levels with 16 ...
Atlanta Rates Hit a New Low
Wow. This morning 'Personal Income & Outlays' came in just a bit lower than expected, and bonds rallied - again. What this means is that if you have been toying with refinancing your Atlanta area home, then now is definitely the time to lock something in. Here, I'll show you why:
How Much Have Atlanta Homes Dropped in Value?
The news would have us believe that there has been a precipitous drop in metro Atlanta home values. Many make it out to be such a drop that we may never recover. However, this chart shows that with a little perspective, Georgia homes and many others around the country have held value well, ...
Atlanta: Now We Will See ARM’s Rise
For quite some time people have been turned off to ARM's, or Adjustable Rate Mortgages. In part the news talk of the Subprime Crisis and all of these adjustable rate mortgages that caused the housing meltdown had folks worried. And, the talk of coming inflation in some circles worries homeowners even more. Here's the truth behind the ...
Lessons from the Mortgage Crisis: Accumulate Reserves
I was reading an industry journal article highlighting a study that mortgage lenders have learned to accumulate more reserves as a result of "buybacks" - or having to repurchase loans that are non-performing. While the article was interesting, and accurate, ...
Is It Better To Lock In At A Low Rate Now Or Wait For Prices To Decrease?
The news media have been buzzing with mostly bad news about the housing market for the past couple of years; and from the looks of things they will not be stopping anytime soon. As a result, many prospective home buyers in my Atlanta market ask one basic question: is it better to buy a home now, ...
Will They; Or Won’t They
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 ...
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: