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20 Nov 2013
By Mark Feder
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4 Tips To Save For That Down Payment

Home Buyer Tips
In order to save up a huge amount of cash for the down payment on your first mortgage, you need a solid savings plan! When you take out a mortgage on your new home as a first time homebuyer, the more you can pay as a down payment the better. The down payment on a mortgage reduces the principle of the loan and means that you will be paying tens of thousands less in interest payments over the life of the loan. Most financial experts recommend that you should save up at least 20% of the value of the home…
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19 Nov 2013
By Mark Feder
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Housing Market Index Shows Builder Confidence Remains Above 50

Housing Analysis
The National Association of Home Builders released its Housing Market Index  for November on Monday. This month's HMI reading was 54 against expectations of a reading of 55. October's reading was also 54 after being downwardly revised. Readings over 50 generally indicate that a majority of builders surveyed are confident in current housing market conditions, but the current pause came after two months of decline in home builder confidence. While the short term index readings are lower than in past months, the HMI is currently 20 percent higher than last year. David Crowe, chief economist for NAHB said that "the…
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18 Nov 2013
By Mark Feder
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What’s Ahead For Mortgage Rates This Week – November 18, 2013

Mortgage Rates
The Veterans Day holiday on Monday contributed to a quiet week for economic news. On Wednesday the reading for the federal budget deficit for October fell from September's reading of -$120 billion to -$92 billion. Freddie Mac Released Its Primary Mortgage Market Survey On Thursday The average mortgage rates increased across the board, but remain below historical levels. The rate for a 30-year fixed rate mortgage rose by 9 basis points from 4.16 percent to 4.35 percent with discount points decreasing from 0.80 percent to 0.70 percent. The average 15-year mortgage rate rose from 3.27 percent to 3.35 percent with…
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16 Nov 2013
By Mark Feder
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5 Great Questions To Ask At An Open House

Home Buyer Tips
An open house gives you a great opportunity to look more closely at real estate you might be interested in buying. It also affords you the chance to chat with the owner or real estate agent so you can bring up any issues or hesitations you have with the home. Knowing what to ask can be difficult, so below are examples of questions to ask at the next open house you attend. Why Has The Seller Decided To Sell Now? If you ask why the seller is moving, you could learn valuable information to help determine your offer or possibly…
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