Although mortgage rates for the 30-year Fixed Rate Mortgage (FRM) hit their all-time lows in September and October 2012, low rates continue, making house buying affordable. The Federal Reserve has been artificially holding rates down to stimulate the economy, and it has been working! The growth we have seen, especially in the last year, shows [...]
Posts Tagged ‘Mortgage’
Foreclosure Rates Fall to 1.9% in Southeastern Wisconsin, Down Nationally
Foreclosure rates continue to decline in southeastern Wisconsin, reaching a new low of 1.93% in February for the Milwaukee region. According to CoreLogic, this is down .7 points from the same month year-over-year. This local foreclosure rate is higher than Wisconsin’s average rate of 1.65% but it is still lower than the overall national rate [...]
My Best Advice to Home Buyers (Part 2)
A message from John Inzeo, Wisconsin Mortgage Corporation. View Part I here. We are all looking forward to spring weather, including the housing industry! 2013 is off and running at a pace that looks extremely positive for home buyers and those of us seeking to assist them. Interest rates are low and home prices are [...]
Wisconsin Mortgage Corporation is the FHA’s Number One Independent Mortgage Banker During 2011 and 2012
During the two-year period of 2011 and 2012, Wisconsin Mortgage Corporation was the number one independent mortgage banker. Overall, Wisconsin Mortgage was the third highest provider of Federal Housing Administration (FHA) loans behind US Bank and Wells Fargo. Wisconsin Mortgage assisted 899 families over the two-year time period. “We are all proud of the track [...]
My Best Advice to Home Buyers
From John Inzeo, Wisconsin Mortgage Corporation Many potential home buyers ask us what the most important first step in acquiring financing for their home purchase. The answer is easy — get an authentic pre-approval! All too often we hear lenders exclaim that they can pre-approve buyers without accessing their credit report. Simply put, this is [...]
Shorewest Reports: US Banks Pay $8.5 Billion to End Foreclosure Reviews
The U.S. government currently mandates a case-by-case review of housing crisis foreclosures. Because of the large amounts of homes in foreclosure during the recession, it could take months or even years of waiting for courts to process the paperwork. On Monday, January 7, however, a group of 10 mortgage servicers agreed to pay a total [...]
Understanding the Real Estate Provisions in the “Fiscal Cliff” Bill
President Obama has officially signed the bill to avert the Fiscal Cliff, but many Americans are left wondering what the bill entails. Below is a one-page explanation of the Real Estate Provisions, brought to you by the National Association of REALTORS®. One key piece of information: the Mortgage Debt Relief Act has been extended through 2013. [...]
Five Loan Worries for Buyers
While 30% of buyers today are paying cash, 70% are using a mortgage to purchase their new home. Even with a good pre approval, buyers still worry about getting to the closing table. Here are the top five worries buyers fret over: Good Faith Estimate – This is the form given to a buyer when [...]
People are Buying Homes AND Getting Mortgages!
This article is courtesy of our friends at Keeping Current Matters. Many believe that very few houses are selling and that almost no one can get a mortgage. We want to let everyone know that neither of these assumptions is true. Recently, the National Association of Realtors (NAR) released their Existing Homes Sales Report. According [...]
Buyers – You Can Have It All, but You’ll Need a Mortgage GPS!!
As we see rates go a bit lower this week and realize that home prices are nearing the bottom, my best advice to buyers is to get in the game and be ready to make some decisions. The first step is to work with a lender who will qualify you based on facts and solid financial [...]