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TwitterThe average for 30 year fixed rate mortgage fell to a record low 4.32 percent last week, down from the 5.21 percent, set back in April of this year, according to Virginia’s, Freddie Mac . The weighed down housing market however showed some signs of life, while mortgage rates lingers near record low rates, new [...]
Posts Tagged ‘Mortgage’
Mortgage rates at record low while housing market still in distress
Posted by Bobby West on September 8th, 2010
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Home Equity Loans, Things to consider before you refinance your mortgage
Posted by Bobby West on August 29th, 2010
A home equity loan can be a useful means to free up funds that otherwise would be locked into an asset that does not generate revenue. However, the option is not without drawbacks. Before deciding to apply for a home equity loan, the following should be considered: In Texas, a member of the family is [...]
Homes for sale continues to grow each day
Posted by Bobby West on July 22nd, 2010
– The amount of homes for sale continues to grow each day making prices as competitive as you will ever see. Supply and demand creates a perfect buyer’s market. So I ask again…where are the buyers? Lenders allow 36% of buyer’s gross monthly income to go toward their house payment and 45% to be applied [...]
