The Daytona Beach mortgage rate outlook this spring is creating a sense of urgency on the part of prospective home purchasers. With interest rates having edged up slightly and home prices rising continuously, many borrowers are making a beeline to apply for home loans. Their rationale is the sooner they act, the more they potentially […]
Daytona Beach Mortgage Forecast: Easy Money?
The Daytona Beach mortgage forecast – at least for the near future – is that home loans will continue to be easier to obtain than anytime in the last ten years. The Mortgage Bankers Association (MBA) recently published a report showing data that seems to suggest mortgage lenders have relaxed many of their lending regulations […]
Daytona Beach FL Mortgage Rates: Still a Good Time to Buy a Home
Daytona Beach FL mortgage rates continue to be in the news. With the recent rise in interest rates by the Federal Reserve, and the likelihood of additional increases on the horizon, the obvious question remains, “Is it still a good time to purchase a home?” Let’s look at what’s transpired in recent months since the […]
Daytona Beach Mortgage Outlook: Are Rates Going to Rise?
The Daytona Beach mortgage outlook is expected to include higher interest rates for 2017. The Federal Reserve’s recent short-term interest rate hike was both highly anticipated and expectedly minimal. And, while the fed funds interest rate has little direct correlation to longer-term mortgage interest rates, there has been – and may continue to be – a […]
Rising Mortgage Rates Could Hurt Daytona Beach Housing
The Daytona Beach housing and economic outlook for 2017 seems to be filled with nagging questions about how gradually increasing interest rates may affect the continued improvement of the housing market. While interest rates have edged slightly upward in the last several weeks – most notably in response to the stock market's post-election gain – home […]
Daytona Beach Mortgage Loan Payment Tips in Bad Times
You took out your Daytona Beach mortgage loan a few years back when both you and your spouse were working and things were going pretty well financially. In fact, that’s the reason you bought your first home. Since then, the economy has slowed considerably and your employer has downsized. Over time – which was an almost guaranteed addition […]
Daytona Beach Reverse Mortgage: Questions and Answers
If you’ve paid attention to the Daytona Beach mortgage industry, no doubt you’ve seen and heard all sorts of ads for a Daytona Beach reverse mortgage. Just exactly what is a reverse mortgage, you ask? A Daytona Beach reverse mortgage enables a homeowner to extract the equity in his home to use as monthly income. These […]
Daytona Beach Mortgage Refinancing: Are You Missing Out?
The Daytona Beach mortgage refinancing market has enjoyed months of near-record low interest rates. The rates have stayed so low for so long that many borrowers assumed home mortgage interest rates will be low “forever.” And for good reason. At the first sign of rising interest rates – regardless of how slight the expected increase – the […]
Daytona Beach Mortgages – What Will Slightly Higher Rates Mean?
Interest rates recently rose slightly, raising the question of what affect they will have on Daytona Beach mortgages. Rates increased for the first time in more than two months, creating a sell-off in the U.S. Treasury bond market. Mortgage interest rates have traditionally been tied loosely to the 10-year Treasury bond yield. While the increase in […]
5 Ways Technology Affects the Daytona Beach Mortgage Business
Technology and the digital age has certainly made an impact on the Daytona Beach mortgage business. While roughly 90% of prospective homeowners search online for a home, less than 10% of mortgage lenders offer a comprehensive digital mortgage experience. Now, mortgage lenders are starting to enter the 21st Century by gradually reinventing the mortgage process. […]