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Thu, Jan 24: A recent interview with GSDAR President Linda Lee inspired me to write a few tips for my clients about beating cash offers in multiple-offer situations. Many of my buyers find themselves in multiple-offer situations these days, also called "bi... More
Thu, Jan 03: The Mortgage Interest Deduction and the Mortgage Debt Forgiveness Act survived last minute budget cuts, and will extend through 2013. Both laws were considered by Congress and the President as they looked for ways to cut spending for 2013. Discontinu... More
Sat, Dec 22: Mortgage rates increased slightly on Thursday, then ended the week in the low 3% range, with many prominent lenders closing loans as low as 3.125% on 30 year fixed mortgages. These rates represent historic lows, making home ownership extremely afford... More
Tue, Oct 02: WASHINGTON — Here's some encouraging news for financially stressed homeowners across the country: The Senate Finance Committee has approved a bipartisan bill that would extend the Mortgage Forgiveness Debt Relief Act through 2013. ... More
Wed, May 02: LPS, a company that processes mortgage foreclosure on behalf of many large banks, has reported that the number of foreclosures is up 8.1 percent compared to February. Honestly, this may just be because of the holiday season and the slow starts caused... More
Wed, May 02: A weaker than expected employment report helped keep rates at record lows. For multiple months, they continue to set historically low records. In fact, they are bouncing around near all time lows. Home buyers are advised to lock their rates a... More