What to expect when expecting to buy a home

What to expect when expecting…to buy a home!   Buying a home is an exciting experience. Like a roller coaster, it has its ups and downs. There are issues, that I call hiccups, when you buy a home so you need to prepare yourself to avoid problems down the road. Don’t believe the infomercials about buying homes with “no money down”, “no closing costs”, or “the seller will pay you to buy their home.” Buying a home is more than just having the down payment, the 2 to 3 months in reserve, and Continue reading

Mortgage rates are dropping to new lows

From the LA Times

Fixed mortgage rates fell to record lows for the second week in a row, a welcome sign for a recovering housing market, economists said.

The average rate on a 30-year loan was 3.31%, the lowest since 1971, according to figures released Wednesday by mortgage giant Freddie Mac. That’s down from 3.34%  last week.

The average on 15-year loans was Continue reading