Mortgage Rates to Remain Volatile Until Feds Meeting

I have been watching mortgage rates rise over 1% in rate since May 1st and all of us in the mortgage industry would sure love for those rates to dip back down. If you are a Realtor you want to make sure what your borrowers are pre-approved for and for what rate. You don’t want to be caught trying to get them in the maximum loan amount possible at a rate of 3.25% while now we are at 4.25%.  That shock in interest rates will raise your borrowers payment by $100 per month (on a $200,000 loan), and it will affect how much home they can buy! Be sure to get updates from your lending source!

 

[Read more…]

US home sales slip as supply remains tight

Sales of previously occupied U.S. homes dipped in March as the supply remained tight. But the sales pace remained ahead of last year’s. [Read more…]

Student Loans burden Potential First-Time Home Buyers

 

Student loan debt for home loans- puyallup waAs unpaid student loans in the United States pile up and become delinquent, economists are concerned that would-be young homeowners are getting left out of the housing market. [Read more…]

In 18 Months, Housing Markets Seen Returning to Historically Normal Levels

 

Puyallup homes for saleThe housing recovery is expected to grow at an annualized rate 0.6 percent through the third quarter of this year, then gain momentum and prices are projected to grow 3.7 percent between the third quarters of 2013 and  2014 until settling down to 3.3 percent annual increases  over the next three years according to Fiserv, a financial services technology provider using data from the Federal Housing Finance Agency (FHFA). [Read more…]

Home Prices Show Biggest Gain in Six Years

As retrospective analysis of 2012’s economic returns becomes more fleshed out, some pretty astounding figures are emerging. While it’s clear that 2012 turned itself into an overall rebound year for the housing market, certain metrics have begun to paint a picture of precisely how exceptional 2012 was. [Read more…]

U.S. Real Estate Faces Lowest Inventory in More Than a Decade

Puyallup Housing newsResidential real estate has gone from dismal to a sellers’ market in just over a year. Once home prices stopped finally declining in early 2012, investors picked up their pace of acquisition in regional markets that where particularly affected by the housing downturn: Phoenix, Las Vegas, South Florida, and various markets in California. Inventories in those markets quickly tumbled, but that same situation is spreading to other metropolitan areas. [Read more…]

How the Budget Sequester Directly Impacts the FHA

 

FHA loan Puyallup WA As the political showdown over the United States budget deficit continues with the early days of the sequestration, government agencies are beginning to asses the impact of the sudden spending cuts. [Read more…]

Home Sales and Prices continue to improve in Pierce County

Pierce County Home sales

 

The higher home price and sales momentum that showed up toward the end of last year in Pierce County continued into January as both prices and sales rose sharply, according to Northwest Multiple Listing Service data released Tuesday. [Read more…]

All page content by Bruce McLaughlin Eagle Home Mortgage 1029 East Main Puyallup WA 98372 NMLS 70081 253-651-5755 Contact me directly for any questions