Mortgage Watch – October 21 2019

brianbogs Real Estate Leave a Comment

Dipping interest rates help single family home permits surge ahead of predictions It’s a numbers game, but it’s one everyone in the real estate and the home building industry watches. While construction of new houses fell more than 9% in September, there is a now a backlog of permits suggesting the dip is simply a brief pause in a real …

Mortgage Watch – October 7

brianbogs Real Estate Leave a Comment

Borrowers jump on board the refinance bandwagon as rates drop When mortgage rates plummet to historically low levels, you have to expect a reaction from the borrowing public. And, as usual, they did not disappoint. Borrowers got themselves to their loan reps and began taking advantage of the market. According to the Mortgage Bankers Association (MBA), the volume of mortgage …

Mortgage Watch – September 30

brianbogs Real Estate Leave a Comment

First-time homebuyers often feel unprepared for ownership For some it seems like a no-brainer. Renting a home feels like throwing money away, offering no sense of ownership whatsoever. Buying a home is investing in the future. Even if it takes up to 30 years to pay off the loan, you have been LIVING in your investment. According to a new …

Mortgage Watch – September 23

brianbogs Real Estate Leave a Comment

Timely payments and a surge in refinances mean lower foreclosures Mortgage “performance.” Sounds like a fun financial song and dance, right? If you recall the days of heavy foreclosures, however, it’s no joke, especially to the mortgage servicing industry. And according to experts who monitor such things, mortgage performance has markedly improved. According to data from First Look at the …

Mortgage Watch – September 16

brianbogs Real Estate Leave a Comment

Real estate still rules as safest long-term retirement investment in new survey When 2,000 Americans are asked their opinion about investing and a large chunk of them agree, it’s something worthy of note. According to a study done by the online magazine Sophisticated Investor, a cyber-publication dedicated to providing insight and analysis on a variety of investment topics to investors …