Well Good News for Lake Mary mortgage rates! The Federal Open Market Committee [maybe we will just call them the FED] voted to cut the Fed Funds Rate by at least three-quarters percent Tuesday. The benchmark rate now rests in a range of 0.000-0.250%… and no, that doesn’t mean your mortgage will be at 0%. [...]

Finding the best Longwood mortgage interest rates can be tricky business… locking them in before the market swings makes it even more so! Each Wed., the Mortgage Bankers Association [MBA] releases its Weekly Applications Survey which gives a detailed look at the new mortgage applications done over the last seven days. A recent interest rate [...]

If the presence of inflation causes mortgage rates to rise, then the absence of inflation should cause mortgage rates to fall. And, in most markets that’s true. Today, it’s not. Despite a deep, month-over-month dip in consumer prices not seen since 1947, Altamonte Springs mortgage rates not steady by any stretch of the imagination…  they [...]

So you wanna deal on Longwood Real Estate. I completely understand… I do to, in fact with the gloom they are painting for retail this Christmas [and Yes, iI am one of the ones still willing to CALL it Christmas] I have thought about scooping up a deal on one of those super-duper flat-screens… but [...]

How come everything in Orlando gets cheaper when everyone is worried about their job and don’t want to spend any money!! Okay, so it is a rhetorical question and the answer is somewhat obvious, but how cool would that be if, everything got cheaper and you just got a raise!? I feel your pain. Well, [...]

SO how are the evil mortgage products doing?  Huh, they may actually be better than the fixed products?  Maybe they aren’t evil after all… just different. It is true that some of the wrong people got bad advice from some neophyte mortgage ‘professional’, but the good news is that those folks are back waiting tables. [...]

Do they go to a special school to ‘speak FED’??? Good Lord, fellas… we gotta be able to understand this stuff to be able to respond appropriately… or is that not what you want? LMAO Well, the Federal Open Market Committee voted to cut the Fed Funds Rate by .5% today. The benchmark rate now [...]

Mortgage markets bucked the curve last week and decided to be, well, volatile!  At least there was a change, huh?  Good Grief. After opening with a solid performance that drove rates down, mid and late-week fears of a global recession reversed that path as Mortgage-backed securities broke back below the 200 day moving average…that is [...]

Not to be an alarmist, but with the new requirements… it may just be impossible for some to get conventional financing… In an effort to limit risky borrower behavior, however, Fannie Mae announced a new round of mortgage guideline alterations last week. Unlike the previous 20+ updates that: raised income requirements and raised minimum credit [...]

In today’s marketplace, most people don’t have a ton of money to put down on an Orlando home purchase. Orlando FHA loans allow [right now] as little as 3% down and conventional loans as little as 5-10% down. Anytime we end up with a first mortgage amount over the 80% loan-to-value ‘mark’ we enter the [...]