Mortgage Rate Forecast 2009-CNBC Interview

If you’ve been on the fence about buying a home in the Tampa Bay area; you’ll want to read this news article about interest rates.
It’s hard to believe in today’s economic environment, but the overall Bond market, including Mortgage Bonds, are contending with the “I” word this morning…inflation…thanks to Fed member Frederic “Uncle Freddy” Mishkin.
Mishkin [...]

2009 NEW Mortgage Loan Rates and Guidelines, FHA, Conventional

Here are some quick updates on how the mortgage industry will change your ability to buy a home in the Tampa Real Estate market.  It’s not as bad as most people think! Although it can be confusing since things are changing every day!
Here are the changes for FHA loans: Compliments of Katie Hughes, Prospect Mortgage
FHA is [...]

Credit Crisis & Real Estate Markets Report

Credit Crisis & Real Estate Markets Report
Federal Reserve Board Slashes Fed Funds Rate
On December 16, 2008, the Federal Reserve slashed the target range for the federal funds rate to 0%-0.25%–a clear signal that Chairman Bernanke and other members of the Board will take all necessary steps to achieve economic recovery.
The press release announced that, [...]

Home Shopping Holiday Bargain Advice! Tampa, Fl

I asked Katie Hughes with Prospect Mortgage to give me her Home Shopping Holiday Bargain advice!

Tampa Bay Area Attractionsclick here to see my photo album

Here’s what she said about the Tampa Bay Housing Market:
Mortgage rates have dropped AGAIN and are at their lowest point in generations.
If you have been on the fence about buying [...]

Mortgage Rates Reach All Time Low-Tampa, Fl

Just a quick update on the lowest mortgage rates we’ve seen in a long time! I was sent this today:
Conforming 30 yr fixed : 5.25%
Conforming 30 yr fixed: 5.0%
30 yr FHA rates: 5.125%
30 yr VA rates: 5.375%
JUMBO 5 YR ARM: 5.5%
JUMBO 7YR ARM: 5.75%
Here is what happened that caused mortgage rates to drop:
The mortgage industry [...]

What Mortgage Rates mean to you when buying a home

Fed Surprises with Deepest Cut since 1984

The Federal Reserve surprised everyone Tuesday with an emergency intersession rate cut of .75%, the deepest cut in the Fed Funds Rate since 1984. The Fed Governors are acting in direct response to recent reports that the country is on the brink of recession.

If you have credit cards, [...]

Buyers Market picking up due to low interest rates- Tampa, Fl

Beautiful Seminole Heights Bungalow

Lowest Rates in 25 Months

We couldn’t have asked for a better Thanksgiving treat than the one we got on Monday: the lowest 30-year fixed-rate in over two years. That’s right. For those of you who have been patiently waiting, here’s your chance to save anywhere from $5,000 to $7,500 or even [...]

Lower Fed Rate Means Opportunities on the Rise

Lower Fed Rate Means Opportunities on the Rise

For the first time in more than four years, the Federal Reserve cut its Fed Funds Rate, which directly impacts millions of American borrowers. And while this important decision has many implications, there’s still some debate among experts about what this means to the economy as a whole.

The [...]

Overnight real estate rates hit flat spot

Overnight real estate rates hit flat spot

30-year fixed rate at 6.17%; 10-year Treasury yield at 4.64%Friday, August 24, 2007Inman News
Long-term mortgage interest rates were mostly unchanged Thursday, and the benchmark 10-year Treasury bond yield dipped to 4.64 percent.
The 30-year fixed-rate average held at 6.17 percent, and the 15-year fixed rate edged up to 5.79 [...]