Financing

Mortgage Applications Up

Monday, March 2nd, 2009

According to data from an industry group (reported by Reuters), though the interest rates were up, the number of U.S. mortgage applications rose in the final week of January.  This is a positive reflection on the demand of home refinancing loans.  It may not be the answer to all of the problems, but at least [...]

Freddie, Fannie and Dallas Real Estate – Does It Matter?

Thursday, September 25th, 2008

In a nutshell…yes. The recent move by the government to bail out mortgage giants Freddie and Fannie is designed to accomplish several things including:
1. Make loans less expensive. Interest rates on mortgage loans have been rising in part due to the risk and uncertainty associated with “bad loans” and rising foreclosure rates. Higher interest rates make [...]