Monday, June 28, 2010

What does this mean to you??

No one said it was going to be easy and that life would be smooth sailing without any struggles, risks, or obstacles to overcome. Things don't always go our way. Even as an child, you got hungry, tired, sick, and frustrated by so many things that you can't comprehend.
As we grow up, you begin to understand how you could control certain elements of your environment, yet still suffer from all the troubles. It appears that life is a struggle until the day we die, and we always want more. It's how we cope and view these incidents that determine our character.

With constant news of starving people, natural disasters, political problems, pollution, and health concerns, how can we feel good about ourselves? The news apparently sucks, which is why I am trying to go on a news diet. It almost seems to hold us back subconsciously from achieving certain goals.  If you look deep enough, you can find a positive in everything.

For almost three years now, we have been told just how bad the housing market is and how bad it could possible get. Yes, many people have lost money in there homes, but isn't now a time to invest even more in your future and the future of your home? I found some positive in the county I live in...


According to The Maryland State Association of Realtors in May Prince Georges County showed the most significant increase in sales with a 61.7 % increase in pending units sold! P.G. County home sales surged from 494 last May to 799 this year. That is pretty amazing!

Big Question is what will 2011 bring?

Sixty of the top 100 metropolitan markets are seeing positive appreciation, according to Corelogic -- and that's a huge difference from a year ago, when all 100 of the same market were reading negative.
So, don't get worked up over by a month's worth of sales numbers. Look at the longer-term pattern -- and you'll see that things are pointing to positive.

America has always pulled through the hard times. The way we will get through this is to have a positive outlook on things and realize that it is going to get better eventually. And when it does, the market will be stronger than ever. As of today the mortgage rates are at record lows. It's time for this generation of first time home buyers and investors to sink capitol into the housing market. After all, some may never see this again in their lifetime. We can choose to allow the constant bombardment of negativity ruin our psyche, or ignore the obvious taunts and move forward with a good attitude. It is time to invest into our future!

Wednesday, June 9, 2010

Mortgage Interest Rates Cemented at Record Low

June 8, 2010 – If you haven’t gotten around to it yet, you may want to lock a fixed mortgage rate today. 30-year fixed mortgage rates are still at 4.375% for well-qualified borrowers paying a point origination. 15-year fixed mortgage rates remain at 3.875%. These rates are verified by FreeRateUpdate.com research of over two dozen wholesale lenders’ rate sheets for brokers.

Today’s FHA mortgage rates continue to mirror conforming mortgage interest rates. That means FHA 30-year fixed-rate loans are available today at 4.375% as well, a record low. Despite the same note rate, APR on an FHA loan is typically higher because of MI and other FHA fees.



Today’s jumbo mortgage rates, also at record lows, are steady. Today’s jumbo 30-year fixed-rate is 5.375%.

Wells Fargo, the nations leading originator by volume, is offering a 30-year fixed rate today of 4.75 with an APR of 4.939%.

Mortgage-backed securities, which drive mortgage rates in the opposite direction, are up today +2/32 (FNMA 30-yr 4.5 at 102.30), not enough to move mortgage rates.

To display today’s mortgage rates on your website or blog, please use our free mortgage rates widget. Ed Ferrara

Wednesday, June 2, 2010

Visit houselogic.com for more articles like this.

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