Monthly Archives: December 2011

Mortgage Outlook Part I

Posted ago by Cary Cox

ShareEveryone always asks this time of year what are mortgage rates going to do this coming year? Well we don’t have a crystal ball and if we could predict the future we’d be in Vegas and not the mortgage business. …

Good Mortgage & Housing News

Posted ago by Cary Cox

ShareThe thing about economic indicators is that you need consistency over a period of months to show a trend. An uptick here and there or a down-tick here or there does not constitute a trend.  That being said, recent economic …

Mortgage Rate News

Posted ago by Cary Cox

ShareHere is a weekly calendar of upcoming events that will effect mortgage rates for the next few days. Of course right now in the finaical markets including mortgage rates every thing starts with Europe. Here is the advice from our …

Real Estate Rebound?

Posted ago by Cary Cox

ShareIt seems people are so desperate to find something good in the economy that they will ignore a lot of data in order to support their position. A recent article demonstrates exactly what I mean: After half a decade of …

Federal Reserve & Mortgage Rates

Posted ago by Cary Cox

ShareThe Federal Reserve’s Open Market Committee has decided to keep their Fed Funds Rate near zero possibly through 2013. This news has caused mortgage-backed securities to have a strong rally today which in turn has improved mortgage rates. Here is …

News Impacting Mortgage Rates

Posted ago by Cary Cox

ShareHere is a great week in review from our friends at ratewatch.com It addresses how the financial mess in Europe is effecting mortgage rates in Houston, TX and all throughout the nation. No doubt we live in a global economy. …

Mortgage Foreclosures Set New Record

Posted ago by Cary Cox

ShareAnd while the current administration in Washington D.C. continues to “rearrange deck chairs on the Titanic” and claim “all is well” we are clearly not headed in the right direction – economically or the housing market. See the most recent …

FHA Mortgage Appraisal Standards

Posted ago by Cary Cox

ShareA mortgage appraisal is the last line of defense for a lender. The mortgage lender must know that the value of the home is accurate in order to make the proper decision whether to grant the mortgage to the borrower …

Houston, TX Mortgage Update

Posted ago by Cary Cox

ShareWhat a year it has been for the real estate and mortgage industry both nationwide and locally here in Houston, TX.  While mortgage rates are pretty much for the most part set nationally, real estate prices are definitely tied to …