Consumer Sentiment Jumps to Four Year High: While historically low mortgage rates and attractive home prices are important to make the housing market attractive, it is actually how a consumers feels about the economy and their own situation that drives demand. U.S. consumer sentiment rose to its highest level in more than four yearsContinue reading “The Housing Market Update – What to Look for”
This morning, FHFA announced their enhancements to the HARP refinancing program. Operational details of the plan are to be released on November 15. Only loans that were purchased or guaranteed by Fannie Mae or Freddie Mac on or before May 31, 2009 and have a current LTV over 80% are eligible. In addition, the loan mustContinue reading “REFINANCE UPDATE if your home is under water”
No adjustments to rates for loan amounts of $50,001 to $1,000,000 $800,000 up to 90% LTV Only .20% adjustment in rate for loans over $1,000,000 Cash out available No mortgage insurance Service you can count on from a Maine Mortgage Banker.
How many times have you heard that “Mortgage rates are at historic lows!”? You’ve heard this line when rates were at 6.0% and 5.50% and 5.0%. You’ve heard it so many times it may not even register anymore. But have you taken the time to speak to a mortgage specialist who can guide you throughContinue reading “Historic Low Mortgage Rates, again?”