Real estate in Houston, Texas
This past week, rates for a 30 year fixed rate mortgage fell below 5 percent. This was mainly caused by the Federal Reserve putting more funds into mortgage backed securities held by Fannie Mae and Freddie Mac.
There are still some problems in home financing these days, but this definitely helps. If rates will stay low, [...]
Filed under: Buying, Home Sales, Mortgage and Lending by Dwight's Real Estate Update
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I’m sure you have heard it on the news. The new administration has brought some help to homeowners having trouble paying the mortgage on their home. They have created a new program where some homeowners can modify the terms of their current mortgage or refinance altogether. This is where you are not delinquent on your [...]
Filed under: Mortgage and Lending by Dwight's Real Estate Update
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I’m sure you have seen one of the TV commercials where the couple says we have paid for our home and now it’s time for our home to pay us. Well a “reverse mortgage” does just that. It’s similar to the regular home equity loan where you borrow against your equity, but you don’t make [...]
Filed under: Mortgage and Lending by Dwight's Real Estate Update
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In recent posts, I have focused on the disparity of the Houston real estate market with the declining sales and rising sales price. A report from KHOU TV further demonstrates that disparity of many foreclosures in certain neighborhoods and increasing prices in others. You can view that report at the following link.
http://www.khou.com/video/index.html?nvid=276836&shu=1
Filed under: Buying, Home Sales, Investing, Mortgage and Lending, Relocation, Selling by Dwight's Real Estate Update
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The sub-prime loan situation which has had a negative effect on banks, mortgage companies and other lending institutions has also put a financial strain on two of the nations largest suppliers of mortgage funds. I am speaking specifically about the Federal National Mortgage Association (FNMA), better known as Fannie Mae; and the Federal Home Loan Mortgage Corporation [...]
Filed under: Investing, Mortgage and Lending by Dwight's Real Estate Update
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Easy financing to buy a home is not so easy anymore. Up until just a few months ago, lenders were willing to finance up to 100% of the purchase price. In many cases you could finance up to 103% of the purchase price. That means you could fiance all of the purchase price plus another [...]
Filed under: Mortgage and Lending by Dwight's Real Estate Update
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