Mortgage Interest Rates

This chart demonstrates why NOW might be a good time to refinance or to lock in a good mortgage rate on the purchase of a new home.

I have worked with several local lenders in the Seattle market, and if you are looking for a good referral, I can help. Email me privately for a list of my preferred lenders at HomeLandInvestment@gmail.com

Happy Investing!

Mortgage Rate Lows

The average for 30-year home loans dipped below 4% for three weeks last month, setting off a small wave of mortgage refinancing. According to the Mortgage Bankers Association, requests to refinance homes made up more than half of all applications last week.

Interest rates are still near 2014 record lows. It is a great time to think about buying or refinancing a home.

Happy Investing!

Goodbye American Mortgages

Are mortgages as we know them about to disappear? Does the removal of two of the most important players in American mortgages - Fannie Mae and Freddie Mac - threaten the very foundation of the American economy?

Dick Bove, vice president of research at Rafferty Capital thinks so, and as one of the most widely-respected banking analysts in the world, his opinion matters.

Check out the complete article here:
http://finance.yahoo.com/blogs/talking-numbers/bove-government-destroy-american-mortgages-permanently-143449298.html

If true, the importance of seller financing in the housing industry will increase over time. Post your thoughts to this blog here, and let me know what you think.

Happy investing.