Category Archives: Mortgage Financing

Mortgage Rates Hit an All Time Low Of 4.22%

Mortgage rates hit an “all time low” on a 30-year-fixed-rate mortgage of 4.15% on August 18, 2011 and went up .07 percent for the week of August 25, 2011 according to Freddie Mac. Frank Nothaft, Vice President and Chief economist of Freddie Mac, stated the following reason as to why the 30-year-fix-rate hit an all time low:
“The Federal Reserve’s policy statement last week and ongoing market concerns over the European debt market carried momentum into this week allowing all mortgage products in our survey to reach all-time record lows.”
Do you …

Posted in → Finance, Mortgage Financing

Tags → 30-year-fix rate, 4.22% mortgage, all time high, all time low, DC metro homes, Freddie Mac, Mortgage Rates

by Tammy Barbee on August 29, 2011

Is Buying a Short Sale In Your Future?

What type of home are you looking for? Are you looking for a condominium, townhome, or a single family home? Do you know what locality your home will be? What features are you looking for in your future home? Yes, these are some questions that a real estate agent or a potential home-buyer might ponder.
But what if you have answered all these questions that are listed above and you find out that the home is a short sale? Do you know all the particulars of what a short sale involve? If not, …

Posted in → Finance, Headline, Mortgage Financing, Washington D.C. Real Estate

Tags → DC Condo Domain Short Sale, expert knowledge short sale, foreclosure, foreclosure proceeding, Future of Short Sale, loan modification, mortgage holder, refinance, Short Sale, short sale route

by Tammy Barbee on August 23, 2011

Event: DC Housing Expo and Foreclosure Clinic

Are you on the brink of losing your home to foreclosure? Well, if that is the case, the 3rd Annual DC Housing Expo and Foreclosure Clinic was held on Saturday, June 4, 2011 at the Washington Convention Center in Washington, DC. This event was a great opportunity for those who are facing foreclosure on their home and ways to prevent losing your home.
There were several workshops topics which included the following:

* Homeownership 101: The Basics of Searching, Borrowing, and Owning
* Giving Seniors the Housing Resources they need
* Facing Foreclosure: What …

Posted in → Event, Mortgage Financing

Tags → DC Housing Expo and Foreclosure Clinic, Facing Foreclosure, Foreclosure clinic event in DC

by Tammy Barbee on June 4, 2011

Mortgage Rates Are At 4.71% This Week

On December 17, 2010, I wrote about mortgage rates being at 5%. This time, I wanted to give an update on the current mortgage rates for this week. According to Freddie Mac website, the current mortgage rate is 4.71%. I question if this a good mortgage rate for a potential homeowner. Looking at the week of December 17, 2010 and the week of January 13, 2011; it shows a difference of .29.
Let’s take a look at the following scenario that was posted on December 17, 2010……
If a potential homeowner was …

Posted in → Headline, Mortgage Financing, Washington D.C. Real Estate

Tags → mortgage rates at 4 percent, rates for mortgage are 4 percent

by Tammy Barbee on January 19, 2011

Question: How Much Should I Put Down As a Down Payment On a Home?

As a potential homebuyer, we see the house that we like in the neighborhood that we want to live in. However, when considering purchasing a home, one of the factors is putting down a down payment. Down payment of a home is the difference between the property value and the loan amount. In most cases, putting down 20% as a down payment is the tradition as this can bring benefit to lowering the interest rate and knowing the cost of the house.
Let’s take a look at an excellent example of …

Posted in → Mortgage Financing

Tags → down payment, down payment on a home, home payment

by Tammy Barbee on December 25, 2010

Mortgage Rates Are At 5% This Week

According to Bankrate.com, the mortgage rate rose to 5% this week. As for the potential homebuyer, there are several questions to consider with mortgage rates which are:
-What does the mortgage rate mean for the potential homebuyer?
-Should the potential homebuyer purchase a home now or should they wait until the rate goes down?
-What has caused the mortgage rate to rise to 5%?
Even though these are great questions to consider, let’s say the potential homebuyer is interested in buying a condo in Alexandria, VA that has a one bedroom and one bath …

Posted in → Headline, Mortgage Financing, Washington D.C. Condos, Washington D.C. Real Estate

Tags → Mortgage Rates, Rates increased for homebuyers

by Tammy Barbee on December 17, 2010