NMLS: 2576 | CT LICENSE: 1101 | MA LICENSE: LS2576 | MI LICENSE: FR0023580 Connecticut Foreclosure Rates Don’t Reflect National Trends
Since the housing market crash in 2007, foreclosure rates skyrocketed. On a national level, foreclosure activity and actual foreclosures have been down on year-to-year and month-to-month basis, but in Connecticut, trends go against this movement. According to a report from…
Fixed Mortgage Rates Hit Another Low
Toward the end of 2012, mortgage rates for 30-year fixed rate loans hit a new low – one rarely seen since tracking began in the early 1970s. While current mortgage rates still hover above November 2012 levels, amounts for both…
Identifying At-Risk Borrowers Isn’t Simple, According to Freddie Mac Report
On March 22, Freddie Mac released a study with data pertaining to mortgages originating in 2011. According to a press release, the sample consisted of 50,000 fully amortized, fixed-rate, single-family, 30-year home loans backed by Freddie Mac, with the data…
Few Mortgage Applications despite Drop in Rates
During this past week, mortgage applications dropped 7.1 percent, despite a decrease in mortgage rates. For some, the drop would prove to be the lowest rate, so far, in 2013, and yet few people are taking advantage of it. Five-year…
Mortgage Mistakes to Avoid
Many people make some big mortgage mistakes when looking for a new home. Since many people can’t afford to buy a house in cash, you are not only house shopping, you are mortgage shopping, too. Here are some mistakes you…