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Archive for June, 2013

Will Higher Mortgage Rates Kill Real Estate?

Will Higher Mortgage Rates Kill Real Estate?

There’s no doubt that mortgage rates are on the rise. Freddie Mac says interest levels for 30-year fixed rate loans have risen roughly .6 percent since the start of May and there’s little doubt that this week’s rate announcement will be well above 4.0 percent. So, will higher mortgage rates kill the real estate market? […]

Posted in: News
Immigration Reform To Add $500 Billion In New Mortgages

Immigration Reform To Add $500 Billion In New Mortgages

A new study by the National Association of Hispanic Real Estate Professionals (NAHREP) estimates that immigration reform would create three million new home sales, $500 billion in additional mortgage originations, and $28 billion in new real estate commissions within five years of passage. These are huge numbers, enough to pressure real estate prices higher because […]

Posted in: News
The Secret Group That Can’t Get A Mortgage

The Secret Group That Can’t Get A Mortgage

For all the complaints about getting a mortgage the reality is that the system is fairly simple: pick a lender, deliver 56 pounds of paperwork, and wait for an underwriter to approve the loan. Last year millions of homes were financed and refinanced, many with record low mortgage rates. If the system was that broken […]

Posted in: News