Americans Not Deterred by Rising Mortgage Interest Rates; Expectations for Improvement in Housing Sector Continue

Consumer attitudes toward the housing market are increasingly positive despite the recent steep rise in mortgage interest rates, according to results from Fannie Mae’s July 2013 National Housing Survey. The share of respondents who believe interest rates will go up over the next year increased another 5 percentage points to 62 percent, the highest level [...]

2013-08-20T21:36:56+00:00 Categories: Good Thoughts with Roger Savy|

Buying Cheaper Than Renting Til Mortgage Rates Hit 10.5%

Nationally, at today’s prices and rents, buying would be cheaper than renting until the 30-year fixed rate reaches 10.5%. San Jose has the lowest mortgage rate “tipping point” at 5.2%, followed by San Francisco and Honolulu. The recent rise in mortgage rates has made buying a house a little more expensive: the increase in the 30-year fixed [...]

2016-11-08T19:02:10+00:00 Categories: Good Thoughts with Roger Savy|

Clients Can Qualify for a Mortgage if on “Temporary Leave” from a Job!

Clients Can Qualify for a Mortgage if on “Temporary Leave” from a Job!       You may not realize that temporary leave income can be counted toward helping a borrower qualify for their mortgage even if they won't be returning to work prior to their loan closing. Examples include:    maternity leave parental leave short-term medical disability [...]

Quick FHA Financing Facts if You List a Manufactured Home

Quick FHA Financing Facts if You List a Manufactured Home   It can be tricky to get financing for a manufactured home. It’s nearly impossible to get a conventional loan—so FHA may be the only type of financing out there for those home buyers. Keep this handy as a resource for your next manufactured housing [...]

5 Ways for Better Communication

5 Ways for Better Communication Remember the game “Telephone”…where the first person whispers something to another person, who whispers to another, and another, and the last person says the “message” aloud as they understood it at the end.  Fact:  The message is NEVER the same as it started out to be.  That’s the same thing [...]

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