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Mortgage and Lending - 1st Metropolitan Mortgage
RECENT BLOG POSTS
         The prognosis is for a very strong long-term recovery in the housing market. At least that's the prediction by a growing number of real estate leaders. Driving the recovery will be the largest generation in American history to reach adulthood over the next decade, according to a study re...
07/09/2009
My quote comes from this startling statistic:    97 people out of 100 people do NOT choose the same Loan officer again in future refinances and or purchases.    My reasoning is this….. People by nature shop for the best deal…… The best deal in our business is normally the loan officer that promis...
06/29/2009
The frozen housing market now appears to be thawing as more buyers are finding the current historically low interest rates, stabilizing home prices and tax credit incentives to be irresistible, according to a report from the National Association of Home Builders."Today's market offers an incredib...
06/12/2009
        While new homes generally are trending downward in size and number of pricey amenities, luxury home buyers are demanding and paying for more extravagant features in their dream home. Steam shower units and Whirlpool baths in the master bedroom, double-height living rooms and stainless ste...
06/10/2009
       As temperatures warm, homeowners tend to focus their attention more on outdoor elements of their home - their landscaping. That can be a key improvement area for increasing the value and salability of their home. Attractive, well-designed landscaping can boost the value of a residential pr...
06/10/2009
     Mortgage interest rates increased a bit during the last week in May - rising from 4.82 percent during the previous week to 4.91 percent, according to Freddie Mac. This will probably motivate more prospective buyers to take action soon while rates are still at historic low levels.     "Fixed-...
06/08/2009
The volume of existing home sales is on the rise. In April (most recent monthly report), sales of existing home - single-family, condos and townhomes - increased by nearly 3 percent over the preceding month, according to the National Association of Realtors. Indicators are pointing to further inc...
06/05/2009
        Confidence in the market expressed by home builders picked up substantially in April, according to a report from the National Association of Home Builders. The builders' confidence rating is at the highest point in nearly seven years. New home sales, traffic (inspections by prospective bu...
05/27/2009
       If you are interested in buying a newly constructed (or under construction) home and want to take advantage of the $8,000 first-time buyer tax credit, you should contract for the purchase very soon, suggests the National Association of Home Builders.        The tax credit is available to f...
05/26/2009
      Looking ahead long-term, home buyers and sellers will see a sudden upswing in home prices by year 2015, it was predicted by Dennis Torres, director of real estate operations for Pepperdine University's School of Business and Management. In fact, the housing cycle will return to a robust mar...
05/26/2009
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Tony Donato

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