Mortgage Rate Update
by Osman ParvezFreddie Mac released its mortgage market survey (PMMS) today. 30 YR fixed rates averaged 6.26% with 0.5pt, down for a second week in…
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What Buyers Want
by Osman ParvezYahoo Business recently shared a well written and up to date article on what today's buyers are looking for. If you're a seller,…
Fed Funds and Mortgage Rates
by Osman ParvezThe widely held view is that we've hit bottom and mortgage rates will begin to climb at about the same pace as the…
Up in ARMS
by Osman ParvezThis article is another warning for those that are thinking about using I/O or ARM mortgage products to purchase a home that may…
Playing Rising Rates (for the first timer)
by Osman ParvezThe Economist has another article about the housing bubble. Here's a strategy for the first time home buyer. Find the right property by…
Mortgage Applications and Building Permits
by Osman ParvezHome mortgage application rates have been on a decline for the third week in a row. However, the overall picture is still mixed.…
Existing Home Sales Drop?
by Osman ParvezThe New York Times got it wrong. It's what happens when you want to write (or are told to) about the real estate…
Average Interest Rate on a 30 Year Fixed Mortgage
by Osman ParvezInterest rates and points on 30 year fixed interest rate mortgages have been declining since 1984 (click the graph for a larger view)…
What it Takes?
by Osman Parvez-We took a hike out on Dowdy Draw trail today and saw this from the road. The area below Eldorado Springs has many…
Fed Meeting Minutes Released
by Osman ParvezAfter the minutes of the Fed's November 1st meeting, according to the Wall Street Journal, "Investors cut the odds of future rate increases.…