5 Big Mistakes Homebuyers Make

1. Waiting to Sell Your Home

With our current market conditions, it is now very important to sell your existing home prior to purchasing a new one. With the large inventory of homes for sale, the rise in interest rates, and the tighter lending standards, it is taking longer to find qualified buyers. By getting an offer o...

Refinance Application Volume Plummet 11%

On March 31^ST, 2010, the Federal Reserve stopped the purchase of mortgage-backed securities. In the past year it has purchased 73% of the mortgages that government-backed Fannie Mae, Freddie Mac and Ginnie Mae have turned into securities and now holds a total of $909 billion of mortgage-backed securities. With the elimination of the Federal Reserve ceasing to purchase these mortga...