The Easter Season is a time of rebirth and renewal.
It's also the perfect time to remember your blessings of family, friends, joy, and love. May these blessings fill your life with happiness.
Thinking of you this Easter, from Darrell Walters and Integrity Mortgage Funding.
Are you ready for April 15th? If not, MarketWatch has prepared the MarketWatch Tax guide with answers to your tax related questions.
The Guide provides tax tips and planning advice, tax rules and regulations, and updates on the latest tax issues.
Whether you are a small business or an individual tax filer, I hope this website will help reduce your stress and answer all of your last minute tax questions.
If you need the guidance of an accountant, email me or call me for a professional referral.
The latest edition of the Bankrate.com Mortgage Trend Index has been released with the experts saying that the likeliest outcome is that rates will remain unchanged.
Here are the expert's and analyst's 30-day prediction for mortgage rates:
Cameron Findlay, chief economist of LendingTree.com, states, "Spreads between 30-year, fixed-rate mortgages and 10-year Treasuries have narrowed to the same levels (about 221 basis points) prior to the large debt market rally from March 18, helping current national average borrower rates hover at 4.91 percent (plus 1 point). Because of this, we don't expect them to narrow much more unless we see another debt market rally. In other words, rates aren't going any lower from here."
This news combined with the rise in oil prices would lead you to believe that rates will rise. However, this is not a normal market as the Fed continues to keep rates artificially low or at the very least stable by purchasing more than $18 billion in mortgage backed securities. Rates will fluctuate but they should remain near current rate trends.
Remember this mortgage trend index is for conforming rates only. For your free mortgage consultation and information regarding current mortgage rates contact me at dwalters@integritymtgonline.com or 678.648.5626.
As a precursor to foreclosures, mortgage delinquencies continue to rise.
This news, as reported by TransUnion, shows that mortgage delinquency increased for the eighth straight quarter. The report also indicates that 4.58% of home owners have fallen behind on their mortgages by at least 60 days.
Although these negative statistics are true, consider the positive fact that the remaining 95.42% of U.S. home owners were not delinquent. Also, in looking at the report we see that the delinquency rate is higher due to Florida and Nevada. Other states have a delinquency rate much lower than 4.58%.
Remember that real estate is a local trend and by looking at statistics that are national we can miss the facts of our local market.
Image Source: TransUnion
This has been a very good week for the national housing industry.
First, existing home sales have increased 4.7 - 5.1%, the largest one month gain since 2003.
Then the FHFA announces that home prices rose nationally to a seasonally adjusted 1.7%. The increase can be attributed to home prices in the Northeast as well as in the South Atlantic region. The Pacific region continued to show a decline in home prices.
Finally, the government announces that residential building permits were up 3% in February. With building permits on the rise we should see more new home sales.
Although we are still in the midst of a recession, the news suggests that the market is improving. If these trends continue we may look back at the end of 2008 and the beginning of 2009 as the bottom of the market.
Image source: Federal Housing Finance Agency
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