Blog – Page 715 of 805

07 Jul 2014

What’s Ahead For Mortgage Rates This Week – July 7, 2014

Market Outlook

Last week's economic news was mixed, but economic reports for Non-Farm Payrolls and the National Unemployment rate suggest a strengthening labor sector. Pending Home Sales surpassed expectations in May and conversely, construction spending was lower than expected. Here are the details. Pending Home Sales Reach Highest Level in Eight Months The National Association of REALTORS® reported that pending home sales in May rose by 6.10 percent over April's reading. May's reading was 5.20 percent lower than for May 2013. The index reading for May reached 103.9 as compared to April's index reading of 97.9. Results for all regions were positive…

03 Jul 2014

By Mark Feder

Buying or Selling, Here Are Three Traits You’ll Want in Your Real Estate Agent

Real Estate Tips

For both buyers and sellers, choosing the right real estate agent is an important and difficult decision, but making the right selection is critical. Consider the following essential characteristics for a real estate agent before signing a contract: Experience An agent must understand the real estate market as well as the practices and processes of buying and selling. While a new agent may have energy and desire, experienced agents will be able to offer insights and experiences which are likely to give their clients the edge in their deal. Experience also indicates negotiating skill. Of course an agent must be…

02 Jul 2014

By Mark Feder

Giving and Getting: Why the Terms of a Home’s Sale Are Far More Important Than the Price Paid

Home Seller Tips

One of the most significant factors home buyers and sellers focus on when buying real estate is the negotiated sales price in the purchase contract. While the sales price is undeniably important, the reality is that other terms in the sales contract may have more far-reaching and significant effects on the transaction. In fact, with a closer look at some of the most important terms, you will see why you and your agent should actively negotiate for improved terms rather than a lower sales price. Closing Costs Some buyers and sellers will haggle over a few thousand dollars in the…

01 Jul 2014

By Mark Feder

Understanding the ‘Qualified Mortgage’ or QM and Why It’s Important to New Home Buyers

Home Mortgage Tips

Are you shopping for a home or a new mortgage? If you are interested in finding the best possible financial product, it is important to consider the benefits of selecting a Qualified Mortgage. With so many different types of loan products to choose from and financial terms to learn, schooling yourself on the mortgage market before you buy your first home or apply for your first refinance mortgage may seem like a daunting task. Luckily, there are resources that are designed to help you learn the basics of products and terms so that all consumers have the power to inform…