Pat Cray

What’s Ahead For Mortgage Rates This Week – March 21, 2016

March 21, 2016 by · Leave a Comment

Shortages of available homes are a major factor in rising home prices; shortages also make it more difficult for buyers to find homes they want. Housing starts in February rose, which is good news for the peak spring and summer home buying season.

Fed Policymakers Make Interesting Decision on Interest Rates

March 17, 2016 by · Leave a Comment

According to a press release by the Federal Reserve, the Federal Open Market Committee (FOMC), the current target federal funds rate will hold steady at 0.25 to 0.50 percent. Committee members cited positive developments in the U.S economy including jobs growth, stronger labor markets and gradually increasing inflation. In addition, stronger housing sector and household spending were also noted as positive signs for the economy. Committee members cited risks associated with global economic and financial developments as a concern.

What’s Ahead For Mortgage Rates This Week – March 7, 2016

March 7, 2016 by · Leave a Comment

Last week’s scheduled economic news included reports on pending home sales, construction spending and several jobs related readings including ADP Payrolls, the government’s Non-Farm Payrolls and the national unemployment rate.

3 Reasons You Should Trust in a Mortgage Advisor Instead of Trying to Predict Rates

February 11, 2016 by · Leave a Comment

If the time has come to purchase a home and you’ve been perusing the real estate market, it’s possible you’ve also been considering the mortgage options that might work best for you. In the event that you’re already spending a lot of time looking at homes and trying to sell your own, here are a few reasons you may want to leave your mortgage considerations to a professional.

Looking Ahead in 2016: Mortgage Trends That May Affect You

February 4, 2016 by · Leave a Comment

The housing market is in a constant state of flux, and with the changing shape of real estate there will most definitely be notable trends to watch out for in the next year. Whether you’re approaching the market with caution or are ready to dive in without worry, here are some things to watch out for in 2016.

Ignore ‘The Bubble’ Talk – 3 Reasons Why This is an Excellent Time to Buy Real Estate

September 16, 2015 by · Leave a Comment

While a gloomy outlook on the real estate market can strike fear in some hearts and may deter a purchase until a later date, the fact is that this is an excellent time to purchase property. In fact, there are three good reasons why potential buyers may want to start moving forward with their buying plans soon.

Buying a New Home? Three Tips on How to Get the Best Mortgage Rate

August 27, 2015 by · Leave a Comment

Buying a new home is one of the biggest steps that a person can take. Prior to taking out a home loan, you want to ensure that you get the best interest rate for your mortgage. In today’s blog post we’ll share three key tips that will help you get the best possible mortgage rate.

3 Reasons Why the Lowest Mortgage Interest Rate Isn’t Always Your Best Option

July 2, 2015 by · Leave a Comment

One of the more common methods that home loan applicants use to find the best loan program available is to compare interest rates, but choosing the lowest rate possible is not always the best option available. In fact, in some cases, it may be one of the least advantageous options when all factors are considered.

Variable-rate vs. Fixed-rate Mortgages – Which is Better for Your Financial Situation?

March 18, 2015 by · Leave a Comment

If you are thinking about applying for a mortgage, it is important that you consider all of the options carefully and that you understand the key differences between them. Let’s compare variable-rate and fixed-rate mortgages to see which might be the best in your situation.

Understanding the Key Factors That Affect Your Mortgage Interest Rate

March 17, 2015 by · Leave a Comment

When you initially start shopping for a home mortgage, you may be drawn to advertisements for ultra-low interest rates. However, the unfortunate truth is that all too often, mortgage applicants are unpleasantly surprised and even disheartened to learn that they do not qualify for the advertised interest rate.

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