The pattern of increased home sales in the Birmingham area continued in October, with 938 homes being sold in the Birmingham metro area. That’s exactly 100 more homes than were sold in the metro area in October 2012. The average price of those houses increased also. The median home price in Birmingham rose nearly 8%...Read More
That’s according to an article in Bloomberg. While rates ticked up this summer, they’ve floated back down a bit in the last few weeks. And the uncertainty of the shutdown in Washington, along with the lack of a federal jobs report because of the shutdown, means rates are likely to hold steady in this lower...Read More
In a recent issue of Forbes, writer Mark Greene illustrates in enlightening fashion the realities of getting approved for a mortgage loan in 2012. It’s one of the clearest explanations we’ve seen about why the process of getting a loan approved these days is harder than ever. It’s not because banks are simply trying to...Read More
New guidelines have lowered the fees on many of these federal loans. The changes drop the cost of refinancing for millions of homeowners. Not all mortgages are eligible, but if yours is, the savings could be substantial. To read more about the new program, click here. If you think your loan fits the bill, or...Read More
