Mortgage News Daily - Mortgage And Real Estate News
MortgageNewsDaily.com provides up to the minute news for the mortgage and real estate professional.
Commercial Real Estate Prices Down for Fourth Straight Month, Moody's Says
Commercial real estate prices continued falling in June, according to the Moody's/REAL Commercial Property Price Indices (CPPI), which recorded a 3.3% monthly decline, marking a 9.6% decrease from year-ago levels.
Read More NowIn Face of Conflicting Economic Reports, Interest Rates Stand Pat
Mortgage interest rates for the week ended August 14 as reported from data collected by Freddie Mac from its Primary Mortgage Market Survey drifted in a very narrow range as they have done for most of 2008.
The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey for the week ending August 15 on Wednesday...
Read More NowNAR Commercial Leading Indicator Weakens, Projecting Further Declines
A leading indicator for the U.S. commercial real estate market continued decelerating for the fourth consecutive quarter on Wednesday, according to the National Association of Realtors, who also said that commercial real estate activity would weaken over the next six to nine months.
Read More NowWednesday's Events: Cdn Retail Sales; BOC to Sell Two-Year Note; DOE Oil Inve...
Canadian retail sales followed by the U.S. Department of Energy's weekly oil inventories will hold the focus of Wednesday's news releases on what is shaping up to be a mild day of economic news for North America. At midday, markets will also be paying attention to the Bank of Canada selling C$3.6 billion in two-year notes.
Read More NowMore Negative Press for Fannie and Freddie
Last week former Federal Reserve Chairman Alan Greenspan strongl y criticized the form of the Congressionally mandated Freddie Mac/Fannie Mae "backstop" program and a survey by the Wall Street Journal found that a small majority of economists involved thought the bailout of the two government sponsored entities (GSEs) would ultimately be invoked, handing taxpayers responsibility for their $5.2 trillion debt.
Meanwhile, more voices were added to the chorus of experts and pundits predicting that government intervention will be required.
Read More NowNewsfeed display by CaRP
Financing Waco Homes
Buying a home is a safe and secure way to invest in your future. Real estate in Waco has had its ups and downs but has historically been isolated from the wild swings the market has taken elsewhere in the country, even in Texas, showing a gradual and steady appreciation over the past two decades. The Waco real estate market is unique in its affordability and overall stability as compared to other Texas markets, resulting in a win-win situation for homeowners and investors.
Perhaps the most important step you will take in your journey to own a home in Waco is to get approved for a loan. In fact, it should be one of the first steps you take in the process of buying a home, but all too often it is an afterthought. I get calls all the time from interested buyers who say, "We want to buy a house but don't know where to start."
Start by talking to a lender, they can help you get "pre-approved" for a loan. A good loan officer can get you pre-approved over the phone in just a few minutes. It's really pretty painless. They will ask you a few questions about your income and your current financial obligations and usually that day can let you know whether you qualify for a loan and how much they'd be willing to lend you.
With a pre-approval, you save yourself time, and position yourself to respond quickly when you find just the right house. Getting pre-approved also helps you avoid shopping for homes you cannot afford. You may even find out you can afford more home than you thought.
For a more detailed explanation of the role of the lender in a home buying process please check out this article I wrote for the Waco Real Estate Weblog: Real Estate 101 It contains lots of valuable information for the first time home buyer.
Already own your home? If you act quickly, refinancing could save you thousands of dollars over the life of your loan. Interest rates are still historically low so if you've not refinanced your home in the past two years, NOW is the time to do it before they climb back up again.
Call me today and I'll help you get the home buying process started so you'll be ready to buy your perfect home when it hits the market.