Tag: Home Mortgage

Are You Stressed Out?

As a Mortgage Broker I have the advantage of working with many lenders and I have chosen to do business with only those that deliver great interest rates, have outstanding customer service and offer a wide variety of quality products. When purchasing your new…

Home Prices Continue to Rise….But…

CoreLogic reported this week that its Home Price Index, which includes distressed sales, showed that from September of 2012 to September of 2013, home prices rose by 12%. This is higher than the 11.7% increase from August 2012 to August 2013. September marks the…

National Ask A Stupid Question Day…..

While today may be National Ask A Stupid Question Day, at Blue Stripe Mortgage, we feel that there is NO such thing as a stupid question! Navigating through today’s mortgage environment is difficult at best and sometimes you need some guidance. We are committed…

It’s not too late to Refinance….

If you haven’t refinanced your mortgage recently, it’s important to act now. With the Federal Reserve committed to reducing their bond buying, the future of mortgage interest rates is up. Also Fannie Mae has announced changes that will make it tougher to get a…

Some Fun Facts About Money. Did You Know…

Currency is actually fabric composed of 25% linen and 75%cotton. Currency paper has tiny red and blue synthetic fibers of various lengths evenly distributed throughout the paper. The dollar was officially adopted as our nation’s unit of currency in 1785. The largest bill ever…

Rates Dropping

Rates may be dropping again…at least for now… The Federal Reserve announced this afternoon that they will continue to purchase $85 Billion per month in Mortgage Backed Securities. This is welcome news for the bond market and as a result interest rates are heading…

Another Success Story…

With interest rates on their way back up, many home owners feel they have lost their opportunity to refinance. Just this week I helped a family combine their first and second mortgages into one new mortgage with a lower interest rate. Because of rising…

Home Price Index

Home prices really move upward… As you can see from the chart below, home prices increased at a fairly good pace from July of 2011 to July of 2012. But look at the unbelievable increase in home values form July of 2012 to July…

Homeownership Rates

Homeownership Rates – The Top and Bottom 5 States Affordability has a strong impact on homeownership. Not surprisingly, four of five states with the lowest homeownership rates in the US are characterized by markets with high prices. Washington, DC has the lowest homeownership rate…

Home Sales Climbing

Existing Homes Sales are trending upward… As you can see from the chart below, existing home sales are trending upward. Existing Home Sales really increased in July, even after interest rates took a sudden climb in June. To me that mean’s home buyers still…

Signs, Signs, Everywhere Signs…

The economy is showing more signs of improvement… The chart below shows a snapshot of Monthly Retail Sale from this past March thru July. This chart clearly shows consumer spending is trending higher. As economic news continues to improve there will be more and…

Most Expensive Car Ever Sold

Today’s Fun Fact…… Last month a virtually pristine 1954 Mercedes-Benz W196R racing car sold for $29.6 million, shattering the previous record of $16.39 million for the most expensive car ever sold. The car was driven by the late Argentine racing great Juan Manuel Fangio,…