by kramoltz@hotmail.com | Feb 28, 2015 | Canada and Canadians
Part 1. The Canadian real estate market has been very strong for a long time. Continued rising prices would appear to be unsustainable, as they can’t continue indefinitely. We learned that lesson in Arizona when our real estate boom busted. But Canadians claim that...
by kramoltz@hotmail.com | Feb 28, 2015 | Mortgages + Lending
Freddie Mac reported that mortgage rates set new record lows the first week of September. Rates on 30-year fixed-rate mortgages averaged 4.12%; the lowest since 1971. That’s down from 4.22% the week before, and from a 2011 high of 5.05% in February of this year....
by kramoltz@hotmail.com | Feb 28, 2015 | Mortgages + Lending
Rumblings from the loan industry are that loans could be much harder to get in the future. Restrictions are being imposed upon government related loans, which are big part of current financing. Nationally, Fannie Mae, Freddie Mac, and the Federal Housing...
by kramoltz@hotmail.com | Feb 28, 2015 | Mortgages + Lending
Mortgage rates in 2010 were the lowest in six decades. Will they stay low, or will they rise, making the purchase of a home more expensive in 2011? In November of 2010, the 4.17% interest rate was the lowest since Freddie Mac began tracking rates in 1971, and the...
by kramoltz@hotmail.com | Feb 28, 2015 | Mortgages + Lending
A reverse mortgage usually pays a lump sum and is not used to acquire a property. Because these characteristics differ from the type of loan used to buy a home that we are all used to, it has been given the “reverse” moniker. Typically a reverse mortgage borrower uses...
