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Borrowers rush to buy homes as rates spike - CNBC

Borrowers rush to buy homes as rates spike - CNBC | money matters | Scoop.it
The jump in interest rates' to their highest level this year caused a surge in mortgage applications. Why? Fear that rates will move even higher.
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Pros, Cons, and Myths About Reverse Mortgages

Pros, Cons, and Myths About Reverse Mortgages | money matters | Scoop.it
John M. Holland's insight:

As the 77 million baby boomers enter retirement at a rate of 10,000 per day, the reverse mortgage marketplace is potentially $1.9 trillion according to the Consumer Financial Protection Bureau, of which only about 10% has been penetrated to date.

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Latest home price gains far outpace growth in wages and income

Latest home price gains far outpace growth in wages and income | money matters | Scoop.it
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Latest home price gains far outpace growth in wages and income

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Thirty-year fixed rate tumbles to lowest level in 19 months as mortgage rates fall

Thirty-year fixed rate tumbles to lowest level in 19 months as mortgage rates fall | money matters | Scoop.it
Lackluster economic reports pushed mortgage rates down this week, according to the latest data released Thursday by Freddie Mac.
John M. Holland's insight:

Lackluster economic reports pushed mortgage rates down this week, according to the latest data released Thursday by Freddie Mac. So those of us in Texas benefit in two ways: 1.  Our state economy is doing very well, thank you; and 2.  Because the rest of the nation is still slogging along, the rates remain low;.  

 

Bottom line: Lots of buyers out there to buy your nome.  Now's a good time to sell.

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Don’t Wait! Buy the Home You Always Wanted

Don’t Wait! Buy the Home You Always Wanted | money matters | Scoop.it

Via Liz Maldonado
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Kathy Rester Fisher's curator insight, October 14, 2014 9:53 PM

Great little table to let you know just what your options may be.

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Homeowners Throwing Away Thousands By Failing to Refinance

Homeowners Throwing Away Thousands By Failing to Refinance | money matters | Scoop.it
It’s estimated around 20% of households who could benefit from refinancing are potentially missing out on savings of over $10,000 each year, simply by failing to take action.
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Zillow buys Trulia for $3.5B to create an online real estate giant

Zillow buys Trulia for $3.5B to create an online real estate giant | money matters | Scoop.it
Two of the biggest online real estate companies are joining forces. Zillow announced today that it's buying rival Trulia for $3.5 billion in stock. The two companies will maintain their separate br...

Via Skip Boykin, Kaye Davis
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How can you beat an all-cash offer?

How can you beat an all-cash offer? | money matters | Scoop.it
This year has been a competitive one for many home buyers. Many buyers face competing bids and often folks will lose to the seemingly unbeatable “cash offer”, sometimes on multiple occasions. Losing multiple times to cash buyers is disheartening and will
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Don’t Get Declined After Being Pre-Approved for a Home Loan

Don’t Get Declined After Being Pre-Approved for a Home Loan | money matters | Scoop.it
Here are 18 things to avoid, ensuring you don’t get declined after being pre-approved for a home loan.
John M. Holland's insight:

Here are 18 things to avoid, ensuring you don’t get declined after being pre-approved for a home loan.

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Kaye Davis's curator insight, July 8, 2014 1:13 PM

The loan process does not stop with the pre-approval. Read these 18 things to avoid after being pre-approved to insure a smooth approval.

Kim Taylor Honea's curator insight, July 18, 2014 2:11 PM

I've has buyers get "unapproved" right before closing because of major purchases, like appliances and furniture.   Don't make these mistakes and make sure you close before furnishing your new home.

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CareerBuilder: How three Texas metros, including Dallas, outpaced the nation’s post-recession job growth

CareerBuilder: How three Texas metros, including Dallas, outpaced the nation’s post-recession job growth | money matters | Scoop.it
TOP PICKS
John M. Holland's insight:

Three Texas metropolitan areas, including Dallas, rank in the top five for outpacing the nation’s post-recession job growth due to regional competitiveness, according to new research released today by CareerBuilder and its Economic Modeling Specialists.

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Texas Is The Second Best State To Make A Living, Survey Says

Texas Is The Second Best State To Make A Living, Survey Says | money matters | Scoop.it
Five stories that have North Texas talking: Texas is a good place to make a living; the Texas agriculture commissioner has a beef with Chipotle; Fort Worth
John M. Holland's insight:

Five stories that have North Texas talking: Texas is a good place to make a living; the Texas agriculture commissioner has a beef with Chipotle; Fort Worth

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Rates on 30-year mortgages hover near 4 percent | Inman News

Rates on 30-year mortgages hover near 4 percent | Inman News | money matters | Scoop.it
Rates on 30-year fixed-rate mortgages averaged 4.14 percent with an average 0.5 point for the week ending June 5.
John M. Holland's insight:

Rates on 30-year fixed-rate mortgages averaged 4.14 percent with an average 0.5 point for the week ending June 5.

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Comparing FHA, VA, Conventional, Jumbo and USDA Loans

Comparing FHA, VA, Conventional, Jumbo and USDA Loans | money matters | Scoop.it
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There are lots of different types of loans to choose from, but how do you know which is best for you or your clients' situation?

 
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A critical difference between the US housing market today and during the bubble

A critical difference between the US housing market today and during the bubble | money matters | Scoop.it
A ghost of Alan Greenspan's legacy.
John M. Holland's insight:

Today, almost no homeowner is financing their home with an ARM. 


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Interest Rate Forecast Review And Outlook

Interest Rate Forecast Review And Outlook | money matters | Scoop.it
John M. Holland's insight:

Here is a review and forecast of interest rates.  Now is a good time to buy is interest rates are a concern; which they usually are.

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Carlton Holloway's curator insight, June 1, 2015 9:42 AM

The forecast suggests higher interest rates on the horizon.  If this is a concern, now may be the best time for you to buy.

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How to Protect Your Real Estate Portfolio When Interest Rates Go Higher

How to Protect Your Real Estate Portfolio When Interest Rates Go Higher | money matters | Scoop.it
John M. Holland's insight:

People tend to forget that what goes up eventually comes down. Similarly, low interest rates may have been satiating your investment appetite for some time, but eventually entropy prevails, and the economy usually rebounds.

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Will rising interest rates choke off housing recovery?

Will rising interest rates choke off housing recovery? | money matters | Scoop.it
Interest rates will be rising and prices will rise right alongside them. What does this mean for the housing recovery, and are there any investment opportunities left?
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USDA Loan Frequently Asked Questions

USDA Loan Frequently Asked Questions | money matters | Scoop.it
Most consumers are not familiar with the USDA Home Loan Program – which is a shame, because it’s one of the best No Money Down Home Loans available.
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Kathy Rester Fisher's curator insight, October 14, 2014 10:09 PM

GREAT Loan plan for anyone living in an approved area. GREAT NEWS ALL OF WISE COUNTY IS QUALIFIED! I have a couple of awesome local lenders that answer all your questions. Email me or text me for their info.

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Pending Sales Slip But Remain Above Average

Pending Sales Slip But Remain Above Average | money matters | Scoop.it
Real Estate Minute by Tim Stoll - Dallas Real Estate ProThe National Association of Realtors' Pending Home Sales Index measures the number of contracts to buy homes that are signed each month. In
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Mortgage rates resume downward course

Mortgage rates resume downward course | money matters | Scoop.it
The 30-year fixed-rate average slipped to 4.13 percent with an average 0.6 point. It was 4.15 percent a week ago and 4.37 percent a year ago. The 30-year fixed rate has fallen in four of the past five weeks.The 30-year fixed-rate average, which has fallen in four of the past five weeks, is now at 4.13 percent.
John M. Holland's insight:

The 30-year fixed-rate average slipped to 4.13 percent with an average 0.6 point. It was 4.15 percent a week ago and 4.37 percent a year ago. The 30-year fixed rate has fallen in four of the past five weeks.

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U.S. new home sales jumped 18.6% in May

U.S. new home sales jumped 18.6% in May | money matters | Scoop.it
New-home sales soared in May, but the gains simply put the market back on track to match last year's overall pace, rather than signaled a significant momentum gain.
John M. Holland's insight:

New-home sales soared in May, but the gains simply put the market back on track to match last year's overall pace, rather than signaled a significant momentum gain.

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Homeownership among Americans younger than 35 fell to a record low as student debt notched a new high.

Homeownership among Americans younger than 35 fell to a record low as student debt notched a new high. | money matters | Scoop.it
Homeownership among Americans younger than 35 fell to a record low this year, just as indebtedness among college grads notched a new high, stirring debate about whether the two are related.
John M. Holland's insight:

Homeownership among Americans younger than 35 fell to a record low this year, just as indebtedness among college grads notched a new high, stirring debate about whether the two are related.

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Mortgage applications unexpectedly jump 10% for week

Mortgage applications unexpectedly jump 10% for week | money matters | Scoop.it
After weeks of steady declines and levels well below originations the same time last year, mortgage applications jumped a surprising 10.3% from one week earlier, according to data for the week ending June 6 from the Mortgage Bankers Association.

Via Russ Bergeron
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Evaluate Loan Types FHA vs CONVENTIONAL vs USDA vs VA | MortgageLoanPlace.com

Evaluate Loan Types FHA vs CONVENTIONAL vs USDA vs VA | MortgageLoanPlace.com | money matters | Scoop.it
John M. Holland's insight:

Understand the differences between the leading Loan types, eligibility, credit guidelines and everything you need to know to get a FHA, Conventional, USDA and VA loan.

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Kaye Davis's curator insight, June 4, 2014 2:41 PM

It is important to find the loan type that works best for you. Check this out.