Austin Herbert Mortgage Blog

The interest rate differential between fixed-rate and adjustable-rate mortgages continues to widen and has now reached historic levels. There's never been a better time to lock an ARM. According to Freddie Mac's weekly Primary Mortgage Market Survey, homeowners in Cary who lock their mortgage ra...

The summer housing market is heating up. According to data from the National Association of REALTORS®, the Pending Home Sales Index smashed analyst expectations, jumping 8 percent on a monthly basis in May.  Wall Street calls were for an increase of just 0.5 percent.  It was a surprise result tha...

Maybe homes in Raleigh are holding value better than we thought. Between March and April of this year, home values rose 0.8 percent nationally, according to the Federal Housing Finance Agency's Home Price Index. It's the index's first month-to-month improvement since May of last year. Values are...

A report issued Monday by the U.S. government showed core inflation rising 2.5 percent in the last 12 months for its biggest one-year gain since January 2010. Everyday living is becoming expensive, it seems. But there are some U.S. towns in which the cost of living remains affordable - and downr...

Mortgage markets improved again last week on a revised economic outlook for the U.S. economy, and ongoing concerns about Greece and its sovereign debt. Conforming mortgage rates in North Carolina fell last week and now hover near the all-time lows set last November. Adjustable-rate mortgages are ...

  On paper, the market for newly-built, single-family homes looks healthy. Last month, the number of new homes sold on an annualized, seasonally-adjusted basis tallied 319,000. The May reading is the second-highest of the year, and 6 percent above the current 12-month average. These are strong n...

Wednesday, the Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent. The vote was 10-0 — the fourth straight unanimous vote for the nation’s Central Bank. In its press release, the FOMC said that the economy is recovering...

  Despite rising new home sales and an increase in building permits nationwide, home builder confidence slipped to a 9-month low in June. The monthly Housing Market Index from the National Association of Homebuilders registered 13 this month — three ticks lower than last month, and its lowest le...

  Home resales slipped 4 percent in May, falling below the 5,000,000-unit mark on a seasonally-adjusted, annualized basis for the first time since February. April’s resales were revised lower, too. Analysts were surprised by the figures because it runs counter to the National Association of REAL...

This week marks the official start of Summer and for me that means grilling out and loungeing on my back patio.But if your like me, you probably have not touched your outdoor furniture in about 8 months or so and before you can start enjoying your back yard you’ll want to make sure that your furn...