Mortgage Blog

Mortgage Advice, Homebuying Tips & Market Updates

U.S. Housing Starts Rise 6.9% In June

U.S. Housing Starts Rise 6.9% In June

The Commerce Department reported new U.S. home starts rose 6.9% to an annual rate of 760,000.  The highest level since 2008! For more information, visit MarketWatch:  http://www.marketwatch.com/story/us-housing-starts-rise-69-in-june-2012-07-18

Jul 18, 2012 |

Home Buyer Q & A

We are interested in refinancing our home.  We have a first and second mortgage.  The second mortgage was part of the original purchase.  We have refinanced since.  When we refinanced, we increased our equity line

Jul 16, 2012 |

Repayment of a Reverse Mortgage

Repayment of a Reverse Mortgage

Question:  "What happens to my house and my loan when I move out or die?" Repayment of a reverse mortgage loan will vary with the circumstances at the time of repayment.  Most situations will fall into one of the following general cat

Jul 13, 2012 |

30 & 15 Year Mortgage Rates Reach Record Lows

30 & 15 Year Mortgage Rates Reach Record Lows

According to Freddie Mac's Weekly Primary Mortgage Market Survey, the average on the 30-year loan rate remained at 3.56%*.  That is unchanged from the previous week, and still the lowest weekly average since long-term mortgages began in the 1950's. &

Jul 12, 2012 |

Mortgage News Daily: Mortgage Rates Continue Trickling Lower To New All Time Lows

Mortgage News Daily: Mortgage Rates Continue Trickling Lower To New All Time Lows

Mortgage Rates continued lower today, marking the third consecutive day at new all-time lows.  Broader Bond Markets continued to benefit from a generally skeptical and negative outlook on the European debt crisis.  That skepticism help

Jul 11, 2012 |

Virginia Remains a Top State For Business in 2012

Virginia Remains a Top State For Business in 2012

Virginia was once again ranked as one of the top five states for business in the recently released rankings from CNBC's "America's Top States For Business".  Virginia had been ranked the No. 1 state for business three of the first f

Jul 10, 2012 |

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