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Daily Real Estate News | Friday, June 28, 2013  

The 30-year fixed-rate mortgage took a large jump this week, rising from 3.93 percent last week to 4.46 percent this week -- its largest weekly rise since 1987, Freddie Mac reports in its weekly mortgage market survey. 

Fixed-rate mortgages soared with bond yields amid the Fed’s recent remarks on June 19 that it might soon reduce its bond purchase program, which has helped to keep mortgage rates at historical lows. The Fed plans to moderate its purchases of bonds later this year and end purchases altogether by the middle of 2014. 

"Higher mortgage rates may dampen some housing market activity but the effect will be muted by the high level of buyer…

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Many would be surprised to learn (As shown by LendingTree)  that despite conventional wisdom, most people don't put 20 percent down when they buy a home.

Learn about all possible loan options HERE...

   

 

About Axia Home Loans

        

Axia Home Loans is one of the fastest growing full-service mortgage banking firms in the nation. Founded in 2007 and privately owned, the company provides access to a wide array of products and customized lending solutions, offers superior customer service, and adheres to the highest ethical standards. For more information on Axia Home Loans, please visit us at https://www.axiahomeloans.com.

Axia Home Loans - Preferred Lender

If you are looking to purchase a new home, be sure to contact one our of local…

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Daily Real Estate News |     Friday, June 14, 2013  

For the sixth consecutive week, mortgage rates inched higher, continuing to climb from all-time lows, Freddie Mac reports in its weekly mortgage market survey. The 30-year fixed-rate mortgage—the most popular among home buyers—has now climbed a half percentage point since last month. 

A strengthening economy and positive employment report this month prompted fixed-rate mortgages to climb higher this week, says Frank Nothaft, Freddie Mac’s chief economist. 

Freddie Mac reports the following national averages with mortgage rates for the week ending June 13: 

  • 30-year fixed-rate mortgages averaged 3.98 percent, with an average 0.7 point, rising from last…

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It can be hard to find sanity after a blood bath like yesterday, which is dog-piled on top of a tough 2 weeks for interest rates.  Especially, now that taking all the coupons into account, it is now apparent that today was the worst single intra-day for MBS’s since they’ve been tracked.

But look at the “big picture”, which I found myself reminding un-locked home buyers and their agents of today:  –that it does help to see visually.  Below are the fixed rate mortgages every 12 months during MY LIFETIME as captured at the end of each year.  With this past November to December being the all time best, (the black dot I marked below), and today being the purple dot I marked…    doesn’t seem so bad.  Particularly when…

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Attached is a map of the U.S and specifically the progress we have made since 2009 as it relates to average home values regionally throughout the U.S. 

The colored bar graph in the upper right corner reflects in 2009 that homes were approximately -17% down in value, and by 2013 we have scratched our way back to +10.5%.

With rising rates (currently we are at 4.375%, up from 3.75% since Tuesday May 14th)  and the current state of the MBS’s which are down .43bps at time of this emial, NOW IS THE TIME TO BUY, IF YOU ARE IN THE MARKET!

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Daily Real Estate News | Friday, May 24, 2013

Mortgage rates continued to inch higher this week, Freddie Mac reports in its weekly mortgage market survey. 

"Fixed-rates moved up for the third consecutive week, with the average 30-year fixed-rate mortgage about a quarter-percentage point higher than three weeks ago,” says Frank Nothaft, Freddie Mac’s chief economist. “While this may slow some of the refinance momentum, rates are nonetheless low and home-buyer affordability high, which should further aid home sales and construction in coming weeks.”

The rates are also lower today than they were a year ago at this time. Freddie Mac reports the…

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Daily Real Estate News | Friday, May 10, 2013

For the first time in six weeks, fixed-rate mortgages reversed course and climbed higher this week, Freddie Mac reports in its weekly market survey.

"Fixed mortgage rates edged up following a solid employment report for April,” says Frank Nothaft, Freddie Mac’s chief economist. “The economy gained 165,000 new jobs on net last month, more than the market consensus forecast and the largest monthly increase this year.” 

Freddie Mac reports the following…

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Looking at the HUD-1 can sometimes be overwhelming.  We have broken it down to make it easier for you and your clients to understand how all the debits, credits, fees and charges in connection with your transaction come in to play.  The Cascade Team Real Estate is here to answer your questions and keep you informed!

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Daily Real Estate News | Friday, May 03, 2013

Fixed-rate mortgages pushed lower for the fifth-consecutive week, with low mortgage rates further driving the housing recovery over the near term, says Frank Nothaft, Freddie Mac’s chief economist.

This week, the 30-year fixed-rate mortgage hovered near its all-time record low, while 15-year rates set a new record. 

Freddie Mac reports the following national averages with mortgage rates for the week ending May 2, 2013: 

  • 30-year fixed-rate mortgages: averaged 3.35 percent, with an average 0.7 point, just shy of its 3.31 percent record set during the week of Nov. 21, 2012. A year…

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