Blog

Tag Archives: Interest Rates

The Curious Case of the Jumbo Mortgage




Today we are pleased to have Miranda Marquit, a writer for RateZip.com, as our guest blogger.  - The KCM Crew

dollar power and elephantThough it may feel like yesterday, it's been about half a decade since the housing bubble burst and the subprime mortgage crisis hit. In September 2008, the United States government took over Fannie Mae and Freddie Mac. Since then, the mortgage industry has undergone fundamental changes, experiencing both increased regulation and a large shift toward nationalization. To give you an idea of the size of these changes, in 2006 around 30% of mortgage loans in the US were backed by a government guarantee. This number rose to around 90% in 2012.

Private vs. Government Funding

Continue Reading →

Home Loans: Shopping for a Low Interest Rate




Today we are excited to have Morgan Sims as our guest blogger.  Morgan is an accomplished writer who has been featured on many blogs with topics ranging from Real Estate to Social Media. – The KCM Crew

Luxury Home

Buying a home is likely the biggest purchase you will make, and even more likely a purchase that will require a loan. When dealing with a financial commitment such as this, understanding how to get the lowest possible interest rate could mean a difference of thousands of dollars. Home loans are a complicated business, so here are a few tips to help you shop for the lowest interest rate.

Qualifying for the Lowest Rates

Continue Reading →

Should Your Buyers Increase Their Offer?




PrintLimited inventory and a very strong demand for housing has created an environment where bidding wars are commonplace in today's real estate market. Homes priced properly are getting multiple offers within a short time of coming to market. This brings about a dilemma for the agent: How should they advise their client who is about to make an offer when other offers will also be presented?

Continue Reading →

3 Financial Reasons to Buy a Home NOW! (Part II)




This week, we are going to look at the three financial reasons to buy a home now instead of waiting: prices are rising at an accelerated rate, interest rates are increasing and rents are skyrocketing. – The KCM Crew

Part II – Interest Rates Are Increasing

interest ratesA big component in the cost of a home is the mortgage interest rate a purchaser pays. Understanding where rates are headed will help in making a decision whether to buy now or wait.

So, Where Are Rates Headed?

Continue Reading →

Real Estate: If You Waited to Sell, You May Be Brilliant




iStock_000002877079SmallMany homeowners look back on 2006 house values and wonder why they didn’t sell at the height of the market. They lament the money they may have lost by not selling. However, there is another side to that story. If they did sell back in 2006, they would have still needed to live somewhere.

Looking back at the euphoria that permeated the real estate market at the time, many may have sold and moved into an even nicer, more expensive home. With the benefit of 20/20 hindsight, we can now calculate the financial consequences of such a move.

Continue Reading →