Tag Archives: mortgage rates

The first thing Americans need to keep in mind when they read anything pertaining to an election is that the author almost always has an agenda. A quick internet search for “Will the presidential election affect mortgage rates?” will turn up a variety of results with just as many different opinions on the potential impact of each candidate on the real estate industry.

The fact of the matter is, nobody knows exactly what will happen. It is impossible to answer a question like, “Will the presidential election affect mortgage rates?” because there is no way to know all of the variables that will come into play. Continue reading

Posted in Bad Credit Mortgage, Houston Mortgage News, Mortgage Rates, Refinancing News, Tips & Tricks, Uncategorized | Tagged , , , | Comments Off

The financial crunch is still with us, rather its effects are still reverberating, and months after many of us decided that the dark clouds had paved way to weak sunshine. For months to end, there has been talk of a fiscal cliff, many have dismissed it off as a mere propaganda tool of the naysayers. Others have never heard of such an animal while a good number is seriously considering running away from Uncle Sam’s taxes. Whichever group you fall in, the fiscal cliff is real, and it is here, from midnight December 31, 2012 it goes live, prepared or not. So is it a good or bad thing? It is neither.

So just what is this fiscal cliff; this is dilemma that the United States government will face at the end of this year (2012) when the Budget Control Act of 2011 goes into effect. Amongst changes that will immediately go into effect is the snuffing of last year temporal payroll cuts. This will mean a 2% tax increase on them. Some tax breaks for budding businesses will have to be withdrawn; shifts are also expected in the alternative minimum tax. There is expected to be numerous budget cut as well as a reduction in the national tax deficit.
Continue reading

Posted in Bad Credit Mortgage, Houston Mortgage News, Mortgage Rates, Refinancing News, Tips & Tricks, Uncategorized | Tagged , , , | Comments Off

If you need a mortgage service so that you can have the house of your dreams,then it is important to find the perfect one that meets all the requirements that you set forth. Even if you just want to refinance so that you can lower your monthly payments, the service you choose is vital. Let’s take a look at some of the qualities that you should be keeping an eye out for so that you can get the service you deserve!

Rates

First of all, you want to look at the rates the company offers so that you can know exactly how much you will need to pay each month. This will allow you to either adjust your budget to your new monthly mortgage bill, or prepare you to look somewhere else to find lower rates. This is the biggest thing you should be watching for. Continue reading

Posted in Bad Credit Mortgage, Houston Mortgage News, Mortgage Rates, Refinancing News, Tips & Tricks | Tagged , , , | Comments Off

Since the housing economy collapse several years ago the housing market has been struggling to survive. Homeowners are still looking to refinance their home while searching for the best rates. The foreclosure rate is still occurring but only at a slow rate. Many lenders are calling in their markers or raising their interest rates. This can mean real trouble for mortgage borrowers.

In the state of Texas one lending company is making a difference. Nations Reliable Lending is one of the leading finance companies who are offering low rates of less than 3.50%. We have an entire database of private lenders on standby. They are ready to assist our customers with first time loans, refinancing needs and great mortgage rates. Our service includes:

• Mortgage finding for new or existing homeowners
• Financing for first time or second time home buyers
• Refinancing of an existing mortgage for lower payments or interest rate
• Home equity assistance for homeowners who want to build up the equity in their home Continue reading

Posted in Bad Credit Mortgage, Houston Mortgage News, Mortgage Rates, Refinancing News, Tips & Tricks | Tagged , , , , , | Comments Off

As the housing market recovers, mortgage rates are beginning to rise. The nation saw mortgage rates at record lows this year, due to consumer skepticism and global economic troubles. Now as the housing market and the economy recovers, mortgage rates will begin to slowly rise to pre-crash figures. For all housing markets, including the Houston housing market, the time to purchase a home is right now before the rates go any higher.

Along with the rest of America, Houston mortgage rates have plummeted in recent years. However, because property is always valuable, these rates were artificially low due to fears and uncertainty about the housing market’s future. As the consumer panic is relieved, the rates go up, making it imperative to purchase as soon as possible. The Houston housing market is unique as Houston is one of the largest growing and most economically stable cities in America. This means that the housing market in Houston will recover more quickly than other markets, and will retain its value better. Continue reading

Posted in Bad Credit Mortgage, Houston Mortgage News, Mortgage Rates, Refinancing News, Tips & Tricks | Tagged , , , | Comments Off

The current state of the economy is still in a recovery mode. This means that mortgage rates for homes are still at historic lows. The addition of jobs to the economy is trailing the estimates being provided by economists. Job growth still remains slow. The result is that a sustained recovery means even a modest increase of jobs that are added for a given month are seen as positive, but disappointing.

The economy continues to grow at a very slow pace. This is not a good or even a bad development for homeownership. The slow creation of jobs is a sputtering effect that can have an effect on the Texas housing market. If an event should occur such as debt issues in Europe that can cause a global financial crisis, we can be back into another recession. Any negative trend with the economy may cause the housing market to come to an abrupt halt.

Should the economy start to moderate or improve in the future, this may still be the best time for a new home purchase. One reason for this is that the Federal Reserve is keeping interest rates at low levels for the foreseeable future. However, there is a risk of inflation. If inflation should occur, the asking price of a new or a used home will rise. This can lead to more equity that is available to homeowners. The other side to inflation issues is the risk of deflation. Continue reading

Posted in Bad Credit Mortgage, Houston Mortgage News, Mortgage Rates, Refinancing News, Tips & Tricks, Uncategorized | Tagged , , , | Comments Off

Those who are looking to purchase a home may find their dream a little easier to obtain. The 30-year fixed mortgage rate rose to a new level of 3.95%. With recent lows and interest rates coming in at 3.5%, it … Continue reading

Posted in Bad Credit Mortgage, Houston Mortgage News, Mortgage Rates, Refinancing News, Tips & Tricks, Uncategorized | Tagged , , , , , | Leave a comment

Single-family housing starts showed a slight decline in January to a new seasonally adjusted rate of 315,000 units per year. This adjustment, however, was a result of the government adjusting December figures to a higher level than previously thought. This … Continue reading

Posted in Bad Credit Mortgage, Houston Mortgage News, Mortgage Rates, Refinancing News, Tips & Tricks, Uncategorized | Tagged , , , | Leave a comment

According to a report carried out by Campbell Inside Mortgage Finance, the present day homeowners are finding it more preferable to shop for their next house or property with cash in hand. Within the time frame between October 2011 to … Continue reading

Posted in Bad Credit Mortgage, Houston Mortgage News, Mortgage Rates, Refinancing News, Tips & Tricks | Tagged , , , | Leave a comment

Investors are refinancing their rental properties because it is one of the best ways to reduce mortgage rates and put more money back in their pockets each month. Having more cash flow means investment property owners have more flexibility to … Continue reading

Posted in Mortgage Rates, Refinancing News, Tips & Tricks | Tagged , , , , | Leave a comment