KCM Blog

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Interest Rates

Is the JUMBO Market Loosening up?

March 8, 2010

There has been an improvement in the interest rates available for Jumbo Mortgages, and that is encouraging news.  In addition, some lenders are even lowering the amount of down payment required in the Jumbo loan programs- which is even more good news.
Let’s begin with some basics.
Jumbo mortgages are those mortgages which exceed the Fannie Mae/Freddie [...]

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The Fed Exit Raises Interest… Literally

February 1, 2010

I have been reading some interesting things this week in regard to the effect of the Fed exiting from their program of buying mortgage backed securities (MBS) on March 31 this year as they announced they would last Wednesday. There seems to be some people who do not believe that the Fed’s exit will have [...]

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The Fed Sends Mixed Messages

January 28, 2010

First, let’s look at today’s announcements by the Fed….

As expected, they held the Fed Funds Rate constant (more on what that means later).
They re-affirmed their prior pledge to stop purchasing Mortgage Backed Securities by March 31.
They said that they expect rates to stay in this range for an extended time.

As was presented on Tuesday, [...]

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What Happens When the Fed Exits the Market?

January 26, 2010

The Fed is scheduled to exit the housing market this spring. The Home Buyer Tax Credit ends on April 30, 2010 (the date the house must be in contract). The Fed has already announced that their program purchasing mortgage-backed securities will expire on March 31, 2010. Most anticipate a quick and dramatic rise in interest [...]

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How Interest Rates Affect Your Mortgage Payment

January 14, 2010

Yesterday, I posted on the fact that my son is in the process of buying a home. I gave my reasons for agreeing with his decision. However, some have questioned whether purchasing real estate at this time makes sense.
Let me give more support to the point that this is the best time to buy real [...]

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Why My Son Bought a House TODAY

January 13, 2010

My son received word today that the sellers of the house he loved accepted his purchase offer. Our whole family is very excited. Not just because he is taking the first step toward home ownership, but instead, because he is purchasing a home at the best time to buy residential property in American real estate [...]

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6 Questions You Should Ask Your Lender

January 6, 2010

This article is brought to you by guest blogger and mortgage planning specialist, Dean Hartman.  Feel free to leave Dean any questions or comments below.
More and more, consumers are learning that there is much more to getting a mortgage than just the interest rate and points.  A good mortgage planner is more in the advice [...]

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One more time: IT’S ABOUT SUPPLY AND DEMAND!

January 5, 2010

Coming into 2010, there are many people trying to decipher all the data that is being reported regarding the housing industry. The main goal is to try and bring clarity to a market that has been clouded with confusion for the last two years.
We must prevent ourselves from looking for a simple solution that will justify what [...]

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Interest Rates Balloon! Up, Up and Away?

January 4, 2010

News Update: Mortgage Rates have increased from 4.71 to 5.14 in 4 weeks.
As Steve Harney has said, the cost of a home has two major components: the price and the expense of the financing. Unless you are paying cash for the house, the mortgage interest rate is a key determining factor in what the home will cost [...]

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Real Estate 2010: New Year, Less Fear

December 31, 2009

“Fear always springs from ignorance.”
-Ralph Waldo Emerson
Unlike last year, we are better prepared for the challenges ahead of us.  Knowing how the market is moving will help us in the decisions we make.  Here are a few things to consider when making your move into the New Year:

Mortgaging Interest Rates – Rates remained at historic levels [...]

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