I first would like to thank everyone in the community for their positive feedback I am glad people are finding my blogs informative and helpful. It's been a pleasure being apart of the community and look forward to all the years to come!
With rates still being at all time lows the mortgage industry is doing very well from just a year ago. Applications are up for purchases, existing homeowners are looking to refinance and even take cash out to do renovations on their homes. In the past year the market has definitely picked up and as you can see from Ellen Patterson's Real Estate Blog the numbers are there.
The most popular question is Mike will the rates go even lower? or when do you think they will start rising? The answer is simply no ones knows so if your on the fence inquire and see if the timing is right and proceed from there.
Find out what's happening in Northportfor free with the latest updates from Patch.
Also as a side note if you have an existing FHA mortgage and closed before May of 2009 you are eligible for a Streamline Refinance which requires no appraisal, or employment verification, and you get to keep you old MIP premium and not the new ones.
Have a great weekend everyone!
Find out what's happening in Northportfor free with the latest updates from Patch.
Provided by Michael Vassallo (Licensed Mortgage Banker)
For more information 631-806-5569
