Archive for the ‘Mortgage Rate Watch’ Category

Affordability of homes increases.

We recently had a Uniform Mitigation Inspection Report done on our home and were told by our insurance company that our insurance premium will be reduced by $1,600 per year due to certain construction features of our home of which they were unaware. If you have not done so already, I would suggest that you [...]

For most folks, a monthly mortgage payment is made up of 4 components: Principal on the loan. Interest on the loan Taxes (property) Insurance (hazard, flood, etc) Those 4 components are commonly referred to as PITI. I commonly run in to folks who are grossly underestimating their monthly nut on a specific loan amount. There’s [...]

The juxtaposed headlines in today’s Tampa Tribune’s business section: Fed Urges Mortgage Options and Fewer Buyers Seeking Home Loans In the first article the Fed chairman, Ben Bernanke , is quoted as saying that having “a broader range of mortgage products which are appropriate for low and moderate-income borrowers, including those seeking to re-finance” might [...]

The Greater Tampa Association of Realtors, of which I am a member, has been running an ad lately that points out why now is a good time to buy residential real estate in Tampa. One of the points the ad makes is that there has never been such a great choice of properties available for [...]