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Archive for October, 2016

Mortgage Originations Expected To Fall In 2017

Mortgage Originations Expected To Fall In 2017

The mortgage marketplace is doing better than you think. Despite all the complaints about a “tight credit box” and processing delays, it turns out that Americans are doing pretty well in the financing department. Figures from the Mortgage Bankers Association estimate that lenders nationwide will originate mortgages worth $1.89 trillion this year, a big jump […]

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Are Mortgage Rates Set To Rise?

Are Mortgage Rates Set To Rise?

Mortgage rates are up. According to Freddie Mac, the cost to finance a home has gone from 3.48 percent at the end of June to 3.52 percent last week for 30-year loans with 20 percent down. Savvy readers will notice that rates have risen a total of .04 percent. For a $150,000 mortgage the difference […]

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Real Estate: Can We Save Flood Insurance?

Real Estate: Can We Save Flood Insurance?

In the past few months more than 200,000 homes have been impacted by local floods. Two things make such flooding remarkable: First, we’re talking about a lot of real estate. Second, the number of homes impacted by flooding is huge and it will get larger. As a result of Hurricane Matthew, North Carolina says that […]

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Will The Presidential Election Create Higher Mortgage Rates?

Will The Presidential Election Create Higher Mortgage Rates?

Will mortgage rates rise or fall because of the election? Will either Trump or Clinton impact the rent we pay for real estate money? Since neither the president nor the federal government directly sets mortgage rates no candidate once elected can just sign a proclamation and directly cause interest levels to change. However, the election […]

Posted in: News