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Mortgage Rates August 6, 2013

Bonds are sitting stable at nearly the same level as yesterday. Unfortunately, the level of trading they’re sitting at is pretty low; just around the falling trend line. So, the apparent stability doesn’t really mean much that’s good. At 1…

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Mortgage Rates August 5, 2013

Both stocks and mortgage bonds started off a bit lower this week, despite having given us some promising gains last Friday. WE can probably expect them to slip a little further toward the falling trend line later on today, as…

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Mortgage Rates August 1, 2013

Bonds opened up at a steady level comparable to yesterday, but then dropped significantly. Not good news for mortgage rates, so you might want to think about locking them. On to what you really want to know; what did the…

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Mortgage Rates July 31, 2013

After a bright and rosy looking future seemed in store for bonds yesterday, bond prices are being pushed lower again today. This means mortgage rates could go up of course, but we don’t expect much fluctuation beyond the usual to…

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Mortgage Rates July 30, 2013

It looks like good news on a couple of fronts this morning. Good earnings are pushing Stocks higher today, but not at the expense of bonds, which opened higher this morning than yesterday and continue to rise. Also, the Case-Shiller…

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First Time Home Buyer Alert

Are you a first time home buyer?  Have you been on the fence on whether this is a good time to buy a home in Florida? You need to read this first time home buyer alert.  Mortgage rates have been…

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Mortgage Rates July 29, 2013

Both stocks and bonds are opening up this morning a bit slow, but bonds are expected to improve as the day wears on. If possible, you should take advantage of improved mortgage rates now. New data for Pending Home Sales…

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Mortgage Rates July 26, 2013

After a week of stocks rising while bonds were limping around the falling trend line, today we’re finally seeing some signs of improvement. Bonds made a slight recovery yesterday afternoon after the Treasury auction of 7-year notes was completed, and…

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What you need to know when shopping for a HARP Loan

Not every lender has the same HARP loan rates and qualifying requirements for homeowners in Florida.  Some lenders cap homeowners at 125% loan to value, while others have no loan to value restrictions.  In layman terms, some mortgage lenders care how upside down you are on your mortgage loan and some don’t.

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