Interest rates
The housing market is like a Las Vegas card game these days. Should you tell the dealer to hit? Should you hold? Surely, with home prices where they are in the Dallas-Fort Worth region, it feels like a gamble to purchase real estate right now. And that might not be far from the truth. A…
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Why does Texas have the largest number of home buyers priced out of the new home market? What are the Fed’s plans for the interest rate? We look at this and more in this week’s roundup of real estate news. $1,000 INCREASE ELIMINATES MANY FROM NEW HOME OWNERSHIP Texas has the largest number of homebuyers…
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There was a lot of downward trending for the stock market last week, but overall, that’s positive for the bond market and interest rates, says Bob Johnson (AKA Bob Mortgage) the senior mortgage adviser at the nation’s oldest private lender, Wallick & Volk. Our most-trusted mortgage adviser explains that, as people react to the plummeting…
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Have you ever wondered what the difference is between an FHA loan and a conventional loan? There’s no better person to ask than our most-trusted mortgage adviser, Bob Johnson (AKA BobMortgage). Frequently asked questions usually center on how the loan type affects appraisals, down payments, and debt-to-income ratios. How does it affect mortgage insurance, and…
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As Bob Johnson (AKA BobMortgage) notes in the 78th episode of The Mortgage Report, our market is at a very exceptional place right now. According to the minutes released by the Federal Reserve, another interest rate hike is on its way in December. And as our most-trusted mortgage expert told us in last week’s episode…
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