30-Year Mortgage Rates Inch UpFreddie Mac confirms that average interest for 30-year fixed mortgages rose for the third consecutive week, bumping up to 4.24 percent from 4.23 percent a week ago. The average 15-year rate for the week ended Nov. 4 was 3.63 percent, a drop from 3.66 percent. Scott Brown, chief economist at Raymond James & Associates Inc., says this week’s Federal Reserve actions “aren’t going to change the economy right away, but they should help keep mortgage rates low for quite some time.” Source: St. Louis Post-Dispatch (11/05/10) ©Copyright 2010 Information Inc.
There are many people effected by job loss, illness or just plain ole bad luck. But don’t give up!All you have to do is to create a plan on how to get back on track.One client I worked with recently had to short sale his home in another state, his home de-valued to the point he could not sell for the balance of his mortgage – yet he had to relocate for his job.Be sure to meet with a good Mortgage Consultant; let them qualify you and review your credit profile. There are those who will council you on how to build a 6 month or multi year plan (i.e. 2 years) to get yourself back on track.You can also look for a lease property that may also be for sale. There have been many of my clients who have been so lucky as to have leased a home and then purchase it in 2 years.And remember: Be sure to be pre-qualified before going shopping for a home – “have a strategy and a plan” so you can make that offer when you find your next home.Need help creating a plan? I have some of the best mortgage consultants in the San Antonio area working with my team. Don’t hesitate to ask for help…
This summer has proven to be a very busy one in the Real Estate Market here in San Antonio TX.We are on a fast growth path; Ft. Sam Houston building out quickly. Several thousand folks moving into the area this summer.Homes for rent; are moving within just a few days of hitting the market. So if you are moving into the area and see a home you like don’t hesitate to make a move on putting in your application.
Welcome to Julia Carnahan’s Blog! This blog will provide you with valuable information, tips, and general insight into the real estate market in Stockdale. Visit my website at http://JCarnahan.featuredwebsite.com.