If you read my previous post, you will note that it is unlikely that home prices have hit rock bottom in metro Atlanta. But it is also likely that mortgage rates will rise somewhat substantially over the next few months. So, to balance that, if you are planning on buying and living in a home… Continue Reading
Enjoy this Christmas video. We had fun making it; and I hope you will enjoy watching. And, if you want your own home after the holidays, then call me and we can get your loan pre-approved…. Continue Reading
I just ran across the latest numbers from the National Association of Realtors on housing stats. As you can guess…they are down, again.Now, before you jump to conclusions that this is bad news – consider the flip side…assuming you are in a spot to buy a home. Home sellers are out there in droves, waiting… Continue Reading
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 good time being on the radio; especially now when changes are coming… Continue Reading
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… Continue Reading
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 straight months of readings of over 300,000. Still 410… Continue Reading
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: The yield trend is… Continue Reading
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, and have… Continue Reading