Financing

January 11, 2019

Let’s talk interest rates…again

“Keep your eye on the ball.”  I can’t seem to get away from the sports metaphors.  The “ball” is interest rates.  Keep your eye on “interest rates”. Why?  Because despite the Federal Reserve raising the federal fund rate by another […]
August 27, 2010

Summer School QUIZ time

What’s the most important thing to think about when buying a home today? Location? Price? Interest Rates? Home style? Right time to buy? Buzz.  None of the above. The most important thing today if you are thinking about getting involved […]
July 3, 2010

One last time

Finally, I can stop blogging about this.  HR 5623, which extends the closing deadline for claiming the homebuyer tax credit to September 30, was passed by the Senate Wednesday, and will apply retroactively. The Senate also passed HR 5569, which […]
June 28, 2010

Sad/Happy News about the Home Buyer Tax Credit Extension

UPDATE:  On again.  I give up tracking this!  Now it’s looking like the tax extension portion will be passed after all… Passed by the Senate, but not yet in the clear … Recently amended legislation that would extend the tax […]
June 17, 2010

Senate approves new tax credit closing deadline

The Senate has extended the tax credit closing deadline for buyers already under contract as of April 30, from June 30 to September 30. NAR has indicated as many as one-third of buyers would miss the June 30 closing deadline […]
May 14, 2010

Do you buy a new Arlington VA home with your heart … or with your head?

I was showing some condos at the Hyde Park in Ballston to some very nice clients the other day, and after seeing about five 1-bedroom condos for sale in the building, they told me they were going to go home […]
December 17, 2009

How much harder will it become to get a mortgage loan?!?!

Have you spoken with a lender recently?  Seems that FHA loans, the mortgage money of choice for many homebuyers, may become more difficult to get. A short piece on Marketplace Money from American Public Media goes into this topic.  It seems […]
October 31, 2009

Good News for Home Buyers in the DC area

More financial mortgage news…  For the last few years, jumbo loans (loan amounts above $729,750) have carried extremely high interest rates, in the 8-9% range.  With such a large mortgage amount, and a significantly higher interest rate for jumbo loans as compared […]
October 14, 2009

Cash really is king

Say goodbye mortgage, hello cash.  More and more of my clients are paying for their home purchase with cash.  Yes, you read correctly.  Cash, and this being the DC metropolitan area, plenty of it.  So the next time you find […]