We wish you a Merry Christmas, we wish you a Merry Chirstmas, we wish you a Merry Chirstmas and a happy new year!!!

Thank you everyone, and just for you………Charlie Brown’s Christmas dance!

Have a glorious day!

Hmmmm…..seems like I have been telling of this warning at my earlier blog post Predictions for 2010  <<<Click that link<<<, now others are saying the same thing. Don’t know how high they will go, but not really seeing rates staying at these levels too much longer.

Check out this article I found and let me know what you think.

Full article visit: http://www.cnbc.com/id/34513588

 Mortgage rates have inched upward in  the last weeks of 2009, and that trend will continue through 2010. The question is how high they will go.

 “If you told me by the end of 2010 a 30-year rate was at 6 percent, that sounds about right,” says Mark Zandi, chief economist at Moody’s. “I don’t think there’s any question rates are headed up.”

Rates are still historically low heading into the new year. The average fixed rate on a 30-year mortgage was 4.94 percent the third week of December. But that’s higher from the record low of 4.71 percent the week of Dec. 3.

So far, it’s turned out to be a case of nowhere to go but up, says Lawrence Yun, Chief economist at National Association of Realtors.

continue reading »

For first time home buyers, this is a common question that is either asked or going through their minds. Hopefully I can give you some helpfull information to this question. Lets think of the reasons why people rent, and please add a comment so I can hear some more reasons.

continue reading »

Here a credit score, there a credit score, every where a credit score. Some of us don’t want to even think that a little 3 digit number can trouble us, but it does. Three credit reporting agencies keep track of our debt payment records; Equifax, Experian, and TransUnion with their Fico Scoring models BEACON score, Experian/Fair Isaac Risk Model, and EMPIRICA. Each agency is going to score a little bit different but here is a break down of what makes up a credit score.

This mysterious number is what determines the cost of debt to individuals. The credit score range is between 300 to 850 and currently the average is 723. The higher number means lower cost of debt, and the lower the score means higher the cost of debt. Let’s take a look what makes up a credit score.

continue reading »

Yes, with all the stimulus happening from the bill that came through congress people didn’t notice this one as much. The Cash for Clunkers program goes after appliances this time, but will be done on the state level with money from the federal government. That’s right, each state has been allocated a portion of the $300 million dollars for this program and you can see how much each state got from the this list. Looks like Illinois is going to get $12.3 million dollars and people will get credits any where from $50 to $200 by trading in older appliances for more energy efficient appliances.

Speaking of energy efficient items, have you hear about GREEN MORTGAGES? Check out that previous blog post to hear all about them.

Well, hope this helps and have a glorious day! :)

Winter is usually a slow time during the homebuying season because of everything taking place near the end of the year. This year is different since you have a stimulus package for buying a home that ends in April, and mortgage rates that more then likely will go up near the end of March. Yes, mortgage applications should be up as people need to realize the time to act is now with all the government help. Hopefully people are listening Always good to speak with a professional and make sure to stay away from a lot of scam artiest. If it sounds too good to be true, walk away and take some time to think about it before acting. Below is a article found on Reuters. Hope you enjoy

continue reading »

Found this real good article from Diana Olick below with her Real Estate Predictions for 2010. Just wanted to high light the Mortgage section for rates and my previous post about Mortgage Rates Will Rise by End of 1st Quarter 2010 (March). Remember, with the FED backing away from buying Treasuries Securities by the end of 1st Quarter 2010, unemployment number possibly trending down, and housing stimulus programs nearing an end, then mortgage rates should move up. Also be listening to what the FED plans on doing about the over night rate because it can not say at 0% to .25% for much longer.

continue reading »