Mortgage Guide 101 Blog

January 2006 - Posts

Well, after much anticipation, the newest member of the family has officially "arrived". Our daughter, Rayna, was born on Sunday, January 29 at 12:54 am. Mom and baby are doing fine... and Dad will be helping out for the next couple of weeks as the Read More...
Posted on January 30,2006

For the next couple of weeks, before and after Baby (finally) arrives, I'll be watching my wife more than the financial news... So, I thought it was time to take a short vacation. If you think that the analysts are having a hard time figuring out what is Read More...
Posted on January 28,2006

Even people who are not real estate "analysts" are getting into the game of predicting what's happening in the market. Last week New York City Mayor Michael Bloomberg warned that the real estate market in his city was slowing "dramatically" and only a Read More...
Posted on January 26,2006

Well, my wife has now been having contractions on and off since Saturday. She and I are walking around like cats on hot tin roofs! When will this baby come? Waiting is one of those things. It can be hard to do it gracefully. Take the waiting game on the Read More...
Posted on January 23,2006

Well, after much doom and gloom and mixed signals, Freddie Mac's recent take on the housing market is quite soothing. According to its January 2006 report, "Anecdotal evidence of a decline in housing market activity has led some to speculate that a crash Read More...
Posted on January 21,2006

I'm not going to be retiring anytime soon; after all, my wife and I are currently waiting on Baby #2, and I figure that puts me at least 20 years from retirement, especially if we are going to help our kids go to college. Heaven help us if they decide to Read More...
Posted on January 20,2006

Can you believe it? The Federal Reserve is still planning on raising the prime interest rate, and yet mortgage rates themselves are currently dropping. While the drop is not large, it certainly reflects an opportunity for buyers in the early part of Read More...
Posted on January 19,2006

As housing starts are expected to soften, the costs of building materials are expected to continue rising. This could signal a downturn in the market, as builders get "squeezed" and profit margins dwindle. That pressure could make builders more cautious, Read More...
Posted on January 18,2006

Trying to predict when Baby #2 will arrive is like trying to predict where the mortgage rates are going: you could be right, but it would likely be a good guess rather than based on "science". How can I say this? Well, my wife has been having signs of Read More...
Posted on January 17,2006

Anyone who is looking at buying right now will not be surprised by the following: Housing affordability in October sank to its lowest levels since 1991, according to the National Association of Realtors' Affordability Index. In some areas, including New Read More...
Posted on January 16,2006

The interesting mortgage news for 2006 continues: Freddie Mac released its 22nd annual Adjustable Rate Mortgage (ARM) Survey just last week. The study found that traditional 1-year ARMs have lost even more market share to "hybrid" ARMs. IN fact, lenders Read More...
Posted on January 15,2006

Some scarey news that I spotted today: It seems that speculators have been partly responsible for the "wild ride" in the housing market. As such, they could be a hidden factor that could lead to the sector's tumble if they all decide to "cash out" at Read More...
Posted on January 13,2006

The most recent Freddy Mac survey indicates that mortgage rates are virtually unchanged from the end of 2005 survey. This is good news for those who are still shopping for mortgages: your options are still open! Keep in mind that the long term fixed Read More...
Posted on January 12,2006

Home warranties are picking up in popularity; in fact, they are now being offered by more and more companies. Marketing is no longer targeted to the home seller either. The market is so hot for warranties that they are available for purchase at closing Read More...
Posted on January 11,2006

The housing boom in the US has benefitted some; it has hurt others. Those of us who own homes have often seen a rapid increase in their value. However, it has also strained household budgets to buy these more expensive homes. Nearly a third of American Read More...
Posted on January 7,2006

This is good news: The Federal Reserve is indicating an end to interest rate hikes, which means that we can all look forward to less volatility in the mortgage interest market. It also appears that the Fed could be stopping rate hikes as early as mid Read More...
Posted on January 6,2006

There's been no surprise for me in the latest mortgage news: While fixed rate mortgage rates declined for the third straight time in Freddie Mac's Weekly Primary Mortgage Market Survey for the last week of 2005, they had traveled a small difference Read More...
Posted on January 5,2006

Starting to think that this might be the year to sell? If so, you aren't going to have much trouble finding an agent. According to The National Association of Realtors (NAR), 2.5 million people are licensed agents in the US and 1.2 million of these are Read More...
Posted on January 4,2006

If you are thinking that you'd like your home to act like an asset, it's important to treat it like one. This means maintaining it and making sure that your major "systems" are in good working order. You'll have to invest money into it, to get money out Read More...
Posted on January 2,2006

Considering the amount of confusing press on housing, here's an interesting bit of info: the National Association of Realtors (NAR) says that for the month of November, housing inventory levels were up 1.2 percent at month end with 2.90 million existing Read More...
Posted on January 1,2006
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