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St. Louis Real Estate Search

 

Mortgage Interest Rates Hit Record Low






Mortgage interest rates keep falling and this week the interest rate on a 15 year fixed-rate mortgage hit a new record low of 2.8 percent, according to a weekly national survey conducted by Bankrate.com. […]

Successful homeownership is the result of a well informed buyer; St Louis Mortgage rate update






ARE YOU PRE-QUALIFIED? Have you given much thought to how much of a mortgage payment would be for your dream home? Should you talk to you mortgage professional before house hunting? Absolutely! Even if you haven’t so much as selected a Realtor®, it’s important to talk with your mortgage professional first. Why? […]

St. Louis Mortgage Rate Update; Trends that will affect the housing market in 2012






The National Association of Realtors’ research staff recently released its comprehensive annual report: Profile of Home Buyers and Sellers for 2011. Market researcher, Paul C. Bishop, Ph. D., Vice President and Jessica Lautz, Manager of Consumer Survey Research state that they’ve identified “trends that have not been seen in the last 10 years,” which will affect the housing market as we enter 2012. […]

St. Louis Mortgage Rate Update; Who are the home-buyers?






The characteristics of home buyers has changed fairly significantly in just the two past years according to the National Association of REALTORS (NAR) annual Profile of Home Buyers and Sellers. In 2009, first-time home-buyers, encourage by tax credits, made up 47 percent of the market and in 2011 made up only 37 percent of the market. […]

Today’s historically low rates increase your buying power! St. Louis Mortgage Interest Rate Update

Mortgage interest rates have reached historically low levels. It’s truly amazing how much the average borrower’s purchasing power has increased! The following chart tells it all. Check out the chart showing the history of interest rates as well as the examples of the savings below:

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Slash Your Long-Term Home Interest Costs

As mortgage rates have dropped this year, so have the costs of homeownership. At every given loan size, bargain-basement interest rates have brought monthly mortgage payments to levels never seen in history.

It’s a great time to buy a home. It’s an even better time to refinance.

This isn’t cheerleading. This is fact. […]

MHDC’s CAL Cash Assistance loan rate is now 4.5 percent!

First-time home buyers receive a forgivable 3% cash assistance loan for down payment and closing costs.

Program Highlights:

3% Cash Assistance Loan (CAL) can be used for down payment and closing costs. CAL is forgivable after 5 years of occupancy. 30 Year Fixed Rate Mortgages & Competitive Rates. CAL can be used with […]

What you need when applying for a home mortgage; St. Louis Mortgage Interest Rate Update

Having been in the mortgage industry for a number of years, I have found a lot of my “issues” when it comes to underwriting was a result of missing something at time of application. The following is a quick rundown of items that should be collected at application:

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What is a credit score? What affects my credit score?; St Louis Mortgage Interest Rate Update

Credit Scores have and always be a hot topic in any economy. Recently, Jim Gallagher of the St. Louis Post Dispatch wrote an article regarding consumers that “fork over $1 billion a year to the credit agencies and credit monitoring services to obtain their credit scores.” But the scores they get probably aren’t the […]

St Louis Interest Rates Remain Low In Spite of Fed Pull Out

A few months ago, it was widely believed that the Fed’s massive purchase of mortgage backed securities was keeping long-term interest rates artificially low in order to stimulate the economy. It’s been six weeks since the Fed stopped buying mortgage backed securities, and there is no sign that that the end of the purchase […]

St Louis Real Estate News – World’s Financial Crisis May Help Keep Mortgage Rates Low

Constantly changing headlines involving the European financial crisis (Greece, possibly Portugal) along with the uncertainty of the stock market should make dollar denominated assets, i.e. Treasuries, Mortgage Backed Securities etc. appealing.

These issues should be enough to limit or prevent mortgage rates from moving higher in the near future.

St. Louis Mortgage Interest Rates […]

St Louis Real Estate – Interest Rates Hold Steady, Home Buyers Race To Get Tax Credit

Realtors, home buyers and sellers are rushing to complete sales agreements before the tax credit for home purchases expires this week; home buyers must have a deal by April 30 and close by June 30 to qualify for a tax break up to $8,000 for first-time home buyers and $6,500 for those moving to […]

Last Minute Review of Homebuyer Tax Credit and Interest Rate Update

First-time homebuyers made up a record high share of sales in March, according to the latest Campbell Surveys poll of more than 1,500 real estate agents nationwide; First-time homebuyers accounted for 48.2% of all home purchases. The March uptick comes ahead of the extended tax credit deadline.

Who Qualifies-

First Time Home Buyer $8,000 […]

St. Louis Real Estate News – Who are the homebuyers?

First-time home buyers comprised an unprecedented 47 percent of the market last year according to a recently published report by the National Association of Realtors (NAR). NAR’s report, 2009 Profile of Home Buyers and Sellers, points to the federal tax credit and the historic affordability of housing as the most likely reasons first-time buyers […]

St. Louis Real Estate – St. Louis Interest Rates Rise

Interesting results from Fannie Mae National Housing Survey

Fannie Mae released results of the Fannie Mae National Housing Survey, a comprehensive research project that surveyed more than 3,000 consumers to assess their confidence in homeownership as an investment, the current state of their household finances, their views on the U.S. housing finance system, and […]

St Louis Real Estate – St Louis Mortgage Interest Rates On The Rise

NEW FHA Policies Go Into Effect April 5th

Applications for FHA-guaranteed mortgages exceeded an annual rate of 3 million in October; nearly triple the level in 2007. In 2006, when subprime and other Wall Street programs were at full speed, the annual rate for applications was less than 600,000. As a result the Federal […]

St Louis Real Estate – St. Louis Mortgage Interest Rates Increase Slightly

PLASTIC TAKES PRIORITY.

Consumers are paying more attention to their credit card payments and making sure they are current according to a newly released report from TransUnion. The credit information management company analyzed 27 million anonymous consumer records randomly sampled during the six quarters from 2008 to 2009. Their selection criteria included consumers with […]

St. Louis Real Estate – St. Louis Mortgage Interest Rates Drop Back Below 5 Percent

LAST CALL FOR HOMEBUYER’S TAX CREDITS!

Prospects are scurrying to sell and/or buy homes before next month’s tax credit deadline.” “It’s been absolutely nuts, I have showings galore and contracts are coming in left and right,” commented one real estate agent. To qualify for the credit, buyers must have fully executed sales contracts in […]

St Louis Real Estate – St Louis Mortgage Rates still low; higher rates coming though?

Last Friday’s suprisingly strong payroll figures likely reinforced for many investors that the next time the Fed makes a change to their monetary policy strategy-it will likely to raise short-term interest rates. The actual date of such an event may be months away-but an increasing number of “stronger than expected” economic reports are […]

St Louis Real Estate – Mortgage Rates Hold Steady In the Country’s 8th most affordable city

Low foreclosures, stable home prices and affordability make eighth-ranked St. Louis a good bet for home buyers, according to a report released by Forbes.com last Friday. Forbes gathered data from the National Association of Home Builders and Wells Fargo’s Housing Opportunity Index (HOI). The index measures median home prices against median incomes. Additional […]

St Louis Real Estate – Mortgate Rates Hold Steady But Expected to Rise

When considering historically low interest rates, competitive home values along with the $8,000 First-Time Homebuyer and $6,500 Repeat Homebuyer Tax Credits, potential homebuyers still have a great opportunity.

THE TIME TO ACT IS NOW.

The Federal Reserve indicates it will stop buying mortgage-backed securities toward the end of the first quarter. Most […]

St Louis Real Estate – Interest Rates Hold Steady – Paramount Celebrates 40 Years

More than 380 mortgage lending operations nationwide have ceased operation since 2006, according to the Mortgage Lender Implode-O-Meter website.

However in spite of a tough and demanding economic market, Paramount Mortgage this week celebrated it’s 40 year anniversary!

“Expect Excellence” has been our corporate motto and the driving force in our philosophy of […]

St Louis Real Estate – Interest Rates Hold Steady – Still Time for Tax Credit

There is time left for qualified buyers to take advantage of the 2009 First-Time Home Buyer’s $8,000 Tax Credit & Repeat Home Buyer’s $6,500 Tax Credit. Binding sales contract must be executed by April 30, 2010, the closing can be extended until June 30, 2010. The newly expanded first-time homebuyer and repeat homebuyer […]

St Louis Real Estate – Mortgage Rates Hold Steady-FHA Makes Changes

FHA loans gained in popularity for borrowers as applications for FHA-guaranteed mortgages exceeded an annual rate of 3 million in October; nearly triple the level in 2007. In 2006, when subprime and other Wall Street programs were at full speed, the annual rate for applications was less than 600,000.

As a result […]

St. Louis Real Estate – St. Louis Mortgage Rates and Outlook

The mortgage market will be besieged this week by a wave of worry…demand concerns related to Treasury auctions to the question about what happens if Fed Chairman Bernanke is not confirmed for another term… uncertainty seldom pushes rates lower.

St. Louis Mortgage Rates – January 27, 2009 *

30-year fixed-rate mortgage 5.00% no points […]

St. Louis Mortgage Interest Rates

St. Louis mortgage rates this week remain unchanged on fixed rate loans this week but dropped slightly on ARM’s according to St. Louis-based Paramount Mortgage Company.

Lower interest rates, low prices and the extension and expansion of the home-buyer tax credit should be pretty tempting to buyers out there.

St. Louis Mortgage Rates – […]

St. Louis Mortgage Interest Rates

St. Louis mortgage rates this week bounced around a bit with 30 year fixed rate mortgages and ARM’s decreasing slightly while 15 year fixed rate mortgage rates increased according to St. Louis-based Paramount Mortgage Company.

Lower interest rates, low prices and the extension and expansion of the home-buyer tax credit should be pretty tempting […]

Mortgage rates in St. Louis increase this week

St. Louis mortgage rates inreased again this week bringing 30 year rates above 5 percent according to St. Louis-based Paramount Mortgage Company.

Lower interest rates, low prices and the extension and expansion of the home-buyer tax credit should be pretty tempting to buyers out there.

St. Louis Mortgage Rates – December 30, 2009 *

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St. Louis Real Estate News – St Louis mortgage rates inch up slightly this week

St. Louis mortgage rates inched up slightly this week but remained at near record-lows according to St. Louis-based Paramount Mortgage Company.

Lower interest rates, low prices and the extension and expansion of the home-buyer tax credit should be pretty tempting to buyers out there.

St. Louis Mortgage Rates – December 15, 2009 *

30-year […]

St. Louis Real Estate News – St Louis mortgage rates stay pretty much the same this week

St. Louis mortgage rates remained at near record-lows this week, with only the 30 year fixed rate mortgage rates increasing slightly, according to St. Louis-based Paramount Mortgage Company.

Lower interest rates, low prices and the extension and expansion of the home-buyer tax credit should be pretty tempting to buyers out there.

St. Louis Mortgage […]