Mortgage rates are falling! Mortgage rates plunged to uncharted lows Monday March 9th and went on a wild ride. Fixed rates for a 30-year mortgage dropped to a range of 3 to 3.375 percent Monday morning, said Chad Helmcamp, senior loan officer at BWC Lending. During the span of a 10-minute interview with the Chronicle, he received two additional rate sheets from …
As the economy continues to stabilize, more Americans are experiencing improvement in credit application rates and credit rejection rates, including those of mortgages and mortgage refinances, reports the Federal Reserve Bank of New York. According to the Bank’s recent SCE Credit Access Survey, there are now more successful applicants and fewer rejected and discouraged credit seekers. Thirty-four percent of survey …
The market for real estate is showing signs of improvement this year. But this time around, no one can dare to bring up the word ‘boom’ in the equation. The problems of home owners are still largely unresolved, but still, some life in pricing and real estate activity is a welcomed change. Try to avoid discussing housing problem with words …
The US financial sector is off to a strong 2013 after years of under performing. The continually improving housing market is the driving factor. However, some of the setbacks in the financial sector are still present beginning with the extremely low interest rates and the lower interest-rate-spread revenue that lenders have accepted. New regulations create more costs for financial services …
