How To Get The Lowest Home Mortgage Interest Rates

Spoiler Alert! – no one gets the lowest interest rate “on purpose.” Predicting mortgage rates, or finding the lowest, is like a dog chasing its tail. Impossible to catch, right? You’d have to be able to accurately predict the stock market and other economic indicators.  Then you’d have to look at what ALL LENDERS are offering at the SAME TIME of day. If you can do this you must STOP reading this right now.  Whatever your job is; you are under paid.  Go directly to Wall Street and get rich! The Good News is with a little work; you can find a lender that is offering a competitive rate. I want to put you in the Power Seat. Let’s get started! Let’s first look at how home loan rates are determined. Mortgage Interest Rates are based on several key components. I’m going to keep this very BASIC. Bottom line – … Continue reading

58% of Homeowners See a Drop in Home Values Coming

  According to the recently released Modern Homebuyer Survey from ValueInsured, 58 percent of homeowners think there will be a “housing bubble and price correction” within the next 2 years.   After what transpired just ten years ago, we can understand the concern Americans have about the current increase in home prices. However, this market has very little in common with what happened last decade. The two major causes of the housing crash were: A vast oversupply of housing inventory caused by home builders building at a pace that far exceeded historical norms. Lending standards that were so relaxed that unqualified buyers could easily obtain financing thus enabling them to purchase a home. Today, housing inventory is at a 20-year low with new construction starts well below historic norms and financing a home is anything but simple in the current mortgage environment. The elements that precipitated the housing crash a decade ago do not exist in today’s … Continue reading