Wells Fargo will pay $85 million in fines and to compensate borrowers for allegedly falsifying loan documents and steering some borrowers to higher-interest subprime mortgages. . Full Post…
Interest rates are currently at historic lows! As the stock market continues to grow there will be increasing pressure on the Federal Government to raise interest rates in an attempt to control inflation. Also, mainstream media has continued to broadcast how well Corporate America is doing and feeling. There are positive headlines along with the general public knowing that Uncle Sam will be there to step in if the economy falters, to bring us out of the “Great Recession”. With that being said, home prices have fallen back to 2002 levels.
With interest rates at all time lows and home prices set to stabilize, now is the time to buy a home.
The Wilmington NC real estate has lots of opportunities at low prices and lots of available inventory. Now
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Complacency, a common vulnerability of market leaders in luxury real estate, usually manifests in the form of neglect of the relationships that got them to the #1 position in the first place.
During the week ending July 15, the total volume of mortgage application activity increased by the largest amount in four months, according to the Mortgage Bankers Association.
The MBA relayed that its seasonally adjusted index of application activity for home loans, including both refinancings and home purchases, was up 15.5 percent during the most recent week.
“Ongoing turmoil in the financial markets primarily due to the sovereign debt crisis in Europe has brought mortgage rates back to their lowest levels of the year,” said Michael Fratantoni, MBA’s vice president of research and economics. Full Post…