Mortgage Blog: Home Loan Rates, Advice, Mortgage News, & More

Could Rising Rates Stimulate the Housing Market?

2005-11-21T15:45:00.000-05:00

Here is an interesting article from Amey Stone back in July speculating that a bump in mortgage rates might stimulate the housing market. While I think she was right in a sense as the market was hot a lot of people were not discouraged by early rise in rates, as rates keep going up a lot of the speculative buyers in the market begin to cool down. Many of the economist's were mentioning the disparity in rates towards the actual real estate value of an area when you look at factors such as the cost of apartments in an area. Much of the market was being driven by speculative buying which is not truly the demand of consumers.

Additionally, there is some evidence that the market is beginning to cool down. This post mentions signs that the building of new homes is slowing down and that the rising rates are having an impact. As many economists have mentioned there is a broad disparity between apartment prices and housing prices in a city - a sure sign of a bubble. People will pay a certain premium for real estate, but not beyond a certain point. Its more akin to a tax. People will pay more in taxes to live in California, but they won't be beyond a certain level. Once prices rise too far out of sync it hints that much of the buying is speculative in nature, rather than based on true demand for an area.

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30-year mortgage rates rise by 0.01% (The Boston Channel)

2005-11-21T15:20:00.000-05:00

Mortgage Rates continue to rise as reported by the Boston Channel. With rates rising for the 10 straight week, it is unlikely that there are going to be that many mortgage refinancing offers out there, but I am sure there are still a few pockets of consumers who have high rates.

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Mortgage Rates Rising, Housing Market Might Be Slowing Down - Seattle Times

2005-11-18T15:32:00.000-05:00

The mortgage blog is back. Interesting article from the Seattle times talking about how the recent rising mortgage rates may have finally started to put the breaks on the hot real estate market. New housing has begun to slow down and the article also mentions that builder confidence is lowering which might indicate the gas pedal of the hot real estate market is not working. The National Association of Realtors also made comments regarding this trend in the article.

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Risks of a Mortgage Bubble for Mortgage Companies?

2005-08-03T16:47:00.000-04:00

While many articles have discussed the risks of a housing bubble for consumers, not many articles have addressed the other side of a potential bubble - that facing mortgage companies. Good article from the real estate journal discussing the possible financial consequences to mortgage brokers who chose to use risky flexible payment schemes for borrowers.

MostChoice.com - Your source for mortgage interest rates from expert mortgage companies in your area. Whether you are looking to refinance or purchase a new mortgage we have a mortgage broker who can get you the mortgage rate you deserve.

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Mortgage Blog is Returning

2005-08-03T16:41:00.000-04:00

Mortgage Blog is returning. After a hiatus, we hope to come back and provide you with updated pointers to mortgage news and articles. In the meantime, feel free to search the archives.

MostChoice.com - Your source for mortgage rates and a mortgage quote from expert mortgage brokers in your area. Save time and money for a refinance mortgage, a new home loan, debt consolidation, or any of your mortgage needs.

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Trading Up Real Estate

2005-05-03T15:52:00.000-04:00

Nice story about a Ms. Fisher who has used her intuition and good judgement to keep trading up in the real estate market. Good example of how even a small purchase can lead to better places in the long run.

MostChoice.com - Your source for mortgage interest rates from expert mortgage companies in your area. Whether you are looking to refinance or purchase a new mortgage we have a mortgage broker who can get you the mortgage rate you deserve.

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Home Sales - Highest on Record

2005-05-03T15:49:00.000-04:00

If the bubble is going to burst, its going to be a large one. New data about the home market and how it continues to rise. March sales bursting records.

MostChoice.com - Your source for mortgage rates and mortgage quotes from expert mortgage brokers in your area. Save time and money for a refinance mortgage, a new home loan, debt consolidation, or any of your mortgage needs.

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The Dating Game and Real Estate Agents

2005-05-03T15:46:00.000-04:00

Article makes the analogy of dating when it comes to choosing a real estate agent. Funny tidbits, but also some good information on how to classify potential "suitors" for one of the biggest purchases of most people's lives. As a small plug, MostChoice now offers the service to connect you to a local real estate agent in your area. Fill out a simple form at our site and we connect you to a few qualified "suitors" in your area and leave you up to decide, at no cost to you.

MostChoice.com - Your source for mortgage interest rates from expert mortgage companies in your area. Whether you are looking to refinance or purchase a new mortgage we have a mortgage broker who can get you the mortgage rate you deserve.

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Stress Free Refinance - 4 important steps

2005-05-03T15:41:00.000-04:00

Another list article for everyone out there. Important tips to make the refinancing of your mortgage a painless process. Easy read, good information on the mortgage process and how to deal with lenders

MostChoice.com - Your source for mortgage rates and a mortgage quote from expert mortgage brokers in your area. Save time and money for a refinance mortgage, a new home loan, debt consolidation, or any of your mortgage needs.

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Signs of a Real Estate Bubble?

2005-04-25T10:43:00.000-04:00

As in any hot growth market, there will always be talk of when the growth will stop and whether it will burst or merely slow down and level off. This article talks about the various signs to look for to indicate a decline in the real estate market.

MostChoice.com - Your source for mortgage interest rates from expert mortgage companies in your area. Whether you are looking to refinance or purchase a new mortgage we have a mortgage broker who can get you the mortgage rate you deserve.

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30 Year Fixed Mortgage Rates Drop

2005-04-25T10:42:00.000-04:00

Thirty year fixed mortgage rates dropped this past week, due to increasing oscillation in interest rates to swings in economic news.

MostChoice.com - Your source for mortgage rates and mortgage quotes from expert mortgage brokers in your area. Save time and money for a refinance mortgage, a new home loan, debt consolidation, or any of your mortgage needs.

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An Example of Two Complex Mortgage Loans

2005-04-25T10:37:00.000-04:00

Here is a small article that walks through two different mortgages, giving the features and comparisons for each. Useful to get a more real world example for those considering a new mortgage. The terminology can often be confusing and it is important to be informed of what you are getting into before committing to a particular loan type.

MostChoice.com - Your source for mortgage interest rates from expert mortgage companies in your area. Whether you are looking to refinance or purchase a new mortgage we have a mortgage broker who can get you the mortgage rate you deserve.

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Government Steps in To Keep Real Estate Competition Going

2005-04-25T10:32:00.000-04:00

Interesting article from the Washington Post discussing recent efforts by the Department of Justice to keep the real estate market competitive and keep the real estate agent from blocking efforts of consumers to save money in the transaction. Given the booming market, its a good sign to see that efforts are being taken to help the consumer get the best transaction.

MostChoice.com - Your source for mortgage rates and mortgage quotes from expert mortgage brokers in your area. Save time and money for a refinance mortgage, a new home loan, debt consolidation, or any of your mortgage needs.

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Should You Pay Down Your Mortgage?

2005-04-22T15:44:00.000-04:00

Nice easy article that discusses some of the factors you should consider if you are looking to pay off your mortgage with the influx of extra cash. Factors such as taxes, liquidity, and so forth.

MostChoice.com - Your source for mortgage interest rates from expert mortgage companies in your area. Whether you are looking to refinance or purchase a new mortgage we have a mortgage broker who can get you the mortgage rate you deserve.

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Real Estate in the Spring Season - Keeps Going Strong

2005-04-22T15:34:00.000-04:00

Great article from the Real Estate Journal that looks at the various trends in the real estate market. Strong spring sales seem to indicate that a slowdown is not on the way, but there are a few soft spots in the market that still make that a possibility.

MostChoice.com - Your source for mortgage rates and mortgage quotes from expert mortgage brokers in your area. Save time and money for a refinance mortgage, a new home loan, debt consolidation, or any of your mortgage needs.

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Weak Inflation Sent Mortgage Rates Down

2005-04-21T16:33:00.000-04:00

Article from Bankrate.com explaining the cause behind the recent dip in mortgage rates - weak inflation. Good news to all those shoppers out there looking for a mortgage.

MostChoice.com - Your source for mortgage interest rates from expert mortgage companies in your area. Whether you are looking to refinance or purchase a new mortgage we have a mortgage broker who can get you the mortgage rate you deserve.

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Mortgage Rates Inch Down

2005-04-20T18:21:00.000-04:00

Perhaps the rates won't spiral out of control - recent reports from Fannie Mae and the Mortgage Bankers Association indicate rates have gone down a bit.

MostChoice.com - Your source for mortgage rates and a mortgage quote from expert mortgage brokers in your area. Save time and money for a refinance mortgage, a new home loan, debt consolidation, or any of your mortgage needs.

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Mortgage Applications Fell Last Week

2005-04-20T18:20:00.000-04:00

Perhaps rising rates are having an impact?

MostChoice.com - Your source for mortgage interest rates from expert mortgage companies in your area. Whether you are looking to refinance or purchase a new mortgage we have a mortgage broker who can get you the mortgage rate you deserve.

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Homeowner Tax Deductions

2005-04-20T18:17:00.000-04:00

Paying less on taxes - something we all enjoy. Read this article to find out some of the unique tax advantages homeowners have when it comes to getting a break from Uncle Sam and what to look out for in this current market.

MostChoice.com - Your source for mortgage rates and a mortgage quote from expert mortgage brokers in your area. Save time and money for a refinance mortgage, a new home loan, debt consolidation, or any of your mortgage needs.

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Can A Real Estate Agent Buy That House You Want?

2005-04-20T18:13:00.000-04:00

It looks like unfortunately, the answer is yes. As the article mentions, the slime-o-meter is off the charts for a move like this. It talks about the options you have and what to be aware of if you feel your agent is going to grab that house from under you.

MostChoice.com - Your source for mortgage rates and mortgage quotes from expert mortgage brokers in your area. Save time and money for a refinance mortgage, a new home loan, debt consolidation, or any of your mortgage needs.

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Housing Market Slowdown? Some Signs, But Not Likely

2005-04-20T18:09:00.000-04:00

There was quite a drop in new housing construction starts last month, however, it does not appear to be a real damper in the current housing boom. The article does mention that rising mortgage rates could have an impact, so only time will tell how this will play out.

MostChoice.com - Your source for mortgage interest rates from expert mortgage companies in your area. Whether you are looking to refinance or purchase a new mortgage we have a mortgage broker who can get you the mortgage rate you deserve.

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Buyer Concerns with For Sale By Owner Properties

2005-04-20T18:06:00.000-04:00

Informative article that discusses some of the concerns when buying a For-Sale-By-Owner property and the issues that you may run into. Topics such as agents, commissions, mortgage loans, and so forth.

MostChoice.com - Your source for mortgage rates and a mortgage quote from expert mortgage brokers in your area. Save time and money for a refinance mortgage, a new home loan, debt consolidation, or any of your mortgage needs.

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6 Costly Mortgage Myths

2005-04-15T10:33:00.000-04:00

Ah, its back to the lists again. Here is an article from Bankrate regarding 6 costly mortgage myths that could, well, cost you money! As always, the more you know before going to the lender, the better you are to plan your financial future.

MostChoice.com - Your source for mortgage interest rates from expert mortgage companies in your area. Whether you are looking to refinance or purchase a new mortgage we have a mortgage broker who can get you the mortgage rate you deserve.

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Low Property Tax Building and Living

2005-04-15T10:29:00.000-04:00

Interesting piece covering some houses with low property taxes.

MostChoice.com - Your source for mortgage rates and a mortgage quote from expert mortgage brokers in your area. Save time and money for a refinance mortgage, a new home loan, debt consolidation, or any of your mortgage needs.

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Racial Bias in Mortgage Applications?

2005-04-15T10:25:00.000-04:00

Here is an interesting piece that discusses mortgage companies and the possibility they charge different rates for mortgage buyers of varying ethnic and racial backgrounds. Reports of possible government investigations and lawsuits from civil rights groups.

MostChoice.com - Your source for mortgage interest rates from expert mortgage companies in your area. Whether you are looking to refinance or purchase a new mortgage we have a mortgage broker who can get you the mortgage rate you deserve.

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