January 2012
If you watched the State of the Union address this year, you have to be thinking about your current mortgage and possible refinance options! Crazy Low Mortgage rates can provide an opportunity to evaluate other aspects of your personal financing. With that being said, we thought we would share the First Commerce Financial “Bucket List”. [...]
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For the 1st time in over a year, both Fannie Mae’s and Freddie Mac’s forecast are the same! Both predict that: Purchase activity will be similar to 2nd half of 2011 – Stable is good Property values are expected to hold steady for the year – No Declines! Rates will remain at very low levels [...]
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We have got a lot of calls recently from customers trying to get a lower rate through the banks they pay their mortgage to, and frustration is setting in. We find that most people call their current lender first because they do not know who else to call. Then they get the idea that they [...]
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While everyone is trying to refinance their mortgage with HARP 2.0 and rates at historic lows, we actually had 40% of our closed loan transactions were purchases in 2011. This is almost the exact same mark we saw in 2010. 2011 was good and bad for the housing market. The bad side including purchase activity [...]
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