Category Archives for "Mortgage Information"

EXPLAINED: How high interest rates can have a HIGH impact on your home purchasing power Click to Tweet  According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 4.61%, which is still near record lows in comparison to recent history! The interest rate you secure when buying a home not […]

The process of buying a home comes down to three important factors: the location, cost, and time. If you have already found a home that you would like to purchase in the Austin area, then you already have one of the most difficult parts of the process behind you. The next step is to get […]

When it comes to purchasing real estate in Austin, everyone knows the mortgage loan approval process is integral part in the home buying process. Buyers always want to know one thing: What do they qualify for? We talk of getting pre-approved for a loan, so buyers know which homes they can purchase, but not many […]

As everyone knows, this morning our government shut down.  But how does this impact the average person? Well, I know that my 9-year-old son who was planning on visiting a National Park tomorrow is disappointed that his field trip is cancelled. However, that is  minor inconvenience compared to the potential impact on the real estate  […]

From 2002 to 2008, houses were being bought like cars. Mortgages were being approved for people who couldn’t afford the monthly payments. Freddie Mac and Fannie Mae perpetuated the madness by buying the very Mortgage Backed Securities that contained the toxic mortgages they were supposed to protect the public from. As a result, in the […]