Home Affordability Index at a Turning Point?

Home Affordability Index at a Turning Point?

With home prices rising rather dramatically over the past year and interest rates rising as well, the home affordability index has begun to increase after bottoming out late last year. The index looks at a combination of home prices and interest rates relative to the median household income. In late 2012, home prices hit an affordability level not seen since the 1960’s. Atlanta was especially hard hit during the recent recession, meaning that we were even more ...

Continue Reading →

Lower Interest Rates May Actually Cost You More Money

Introductory paragraph here with a few keyword rich, targeted sentences about the video that follows.  Then when you go to publish the blog post you can categorize and tag it accordingly so that it shows up in relavent categories.  You need to change the height/width of the viewer to something like 600 x 400 to accommodate the blog sidebar.  You can do this all day long…I think this is a good idea to create value in your postings.

Home Down Payment Options

If you believe that you need a good chunk of change to purchase a home, your not alone. The vast majority of first time home buyers have little money to work with and consequently do not believe they are in a position to buy a home. Either that, or credit issues prevent you from investigating the possibilities. But times have changed.

A standard conventional loan will always require that the buyer contribute a ...

Continue Reading →

Factors That Affect Home Mortgage Rates

Home loans can be generally placed into one of four categories; Conventional, Alt-A and Sub Prime and second mortgages/home equity lines of credit. We will briefly touch on what impacts rates for each of these types of loans.

Let’s start with the most common, conventional loans. Fannie Mae and Freddie Mac are quasi governmental agencies that set the guidelines for what is considered a conventional loan. If a loan meets Fannie or Freddie ...

Continue Reading →

How Interest Rates Change Daily

The mainstream mortgage market is no longer run or controlled by the banks. Wall Street has replaced the traditional bank and now pulls purse strings of this vast mortgage market via “mortgage backed securities.”  A mortgage backed security (MBS) is simply a bond instrument in which anyone can invest. MBS’s are trading in the free and open market everyday just like stocks and bonds.  The collateral for this investment is a group or “pool” of home mortgages just like the ...

Continue Reading →

Copyright 2017 LeaderOne, The Family Mortgage Team  |  Georgia Residential Mortgage Licensee # 33522  |  NMLS #12007fair-housing-lender-logo

1640 Powers Ferry Road, Bldg 4 Suite 100  |  Marietta, GA  30067  |  Privacy Policy | Site Map | Hosting by ESG