Why you should buy that home now: The Obama administration finds itself balancing the need to spur the economy through promoting the housing and mortgage market, while protecing banks and other investors from risky morgages.  On Feb 11th it presented a broad plan to begin shrinking its support of the nations mortgage market.  Though the plan lacked details or a timeframe, the resolution is far from certain that it will be completely implemented in the next couple of years. Continue Reading…

Interest rates continue to remain at historical lows, though they are up from where they wee several months ago.  If you are looking for a general rule of thumb, as the stock market goes, so do interest rates.  The most recent jobs report showed the unemployment numbers decreasing and most other economic indicators have been positive lately which accounts for the rising market and interest rates.

The rates and APR above are based upon the following assumptions: a 20% down payment, $1,500 in finance charges, and 30 days prepaid interest, 1 point, and a 30 day rate lock. The rates and APR will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. Property taxes and homeowners insurance are estimates and subject to change.