According to Freddie Mac, the long-term fixed mortgage rates are increasing, whereas the average adjustable-rate mortgage rates are still to reach the level it was earlier on. So due to this difference in this two rates, adjustable rates may become popular among the mortgage seekers. Freddie Mac has said that because of he widening gap between the two type of mortgages, people may tend to take up adjustable rates for their mortgage loans.

The long term rate is back to the place where it was in the starting of the year. The adjustable rates are slightly lower than its […] Continue Reading…

As the market declines, so it may be a very good time for the buyers to buy real estate properties. The prices go down and so you can buy properties at a lower rate what their actual rate is. You can wait till further to let the prices reach the bottom. But waiting too long may not be the best strategy. If you wait for the prices to reach the bottom, you may not be able to buy at the best price because you come to know about the bottom price when the prices start to rise again. […] Continue Reading…

For some of the home buyers the time is good. The home prices are down by 10 % or more and at the same time the interest rates are also down to the lowest percentage in the last four years. This is applicable to the borrowers of mortgage of $417,000 or less. But, what about the borrowers of the jumbo mortgages or mortgages worth more than $417,000?

Jumbo mortgages are not purchased by federal mortgage guarantors Fannie Mae (FNM) and Freddie Mac (FRE, Fortune 500). Now in this condition of foreclosure and related problems, investors are not interested in buying […] Continue Reading…

The plunge in home prices is still continuing. In the last three months of 2007, the drop in prices set a record of highest-ever quarterly drop. The national median price dropped from $219,000 to $206,000, a plunge of 5.8%. According to National Association of Realtors (NAR), this is the steepest drop in prices ever.According to NAR officials, the crunch in the mortgage financing is the main factor for such drop in median prices. Mortgage financing became tough, specially for the jumbo mortgages since last summer. As a result of the liquidity squeeze, lesser number of jumbo mortgages were available […] Continue Reading…

The number of houses available for sale due to foreclosure is increasing by a large number. The main reason for such increase is the recent foreclosure crisis. In almost all the states the foreclosure is at the height and so the houses available in the market are also at a higher number.
This is a opportunity for the investors to invest in properties that will give better returns in future. The prices are down at this moment and so, you as an investor, can earn good profit from it. But the properties at a reduced price and when the […] Continue Reading…