The weekly averages for 15 year fixed-rate (2.77%), 5 year adjustable-rate (2.63%) and 1 year adjustable-rate (2.53%) mortgages all dropped on the weekly report ending February 7, 2013. The 30 year fixed-rate mortgage average remained unchanged at 3
Feb 07, 2013 |
The ever changing weather conditions of January and February may have you continually moving your thermostat, updating your daily clothes selections, and daydreaming about beautiful spring days in Hampton Roads. As we approach the end of winter and
Feb 01, 2013 |
"Housing is clearly recovering.", David Blitzer, Chairman of the Index Committee at S&P Dow Jones Indexes stated earlier today. According to the S&P/Case Shiller composite index of 20 metropolitan areas, gains of 0.6 percent i
Jan 29, 2013 |
NCOA (National Council on Aging) provides valuable information regarding home equity and reverse mortgages. The following links will connect you to the NCOA Home Equity page, and the Use Your Home to Stay at Home™ guide. For additi
Jan 25, 2013 |
Fixed mortgage rates moved up slightly to 3.42% (30-Yr FRM) according to the Freddie Mac Weekly Primary Mortgage Market Survey. The 15-Yr FRM moved to 2.71%. However, these rates remain historically low, and continue to provide a positive envi
Jan 24, 2013 |
By the end of January 2013, the Federal Housing Administration (FHA) will announce changes to its Home Equity Conversion Mortgage (HECM) program. The changes come on the heels of an audit of the reverse mortgage insurance portfolio that showed a neg
Jan 18, 2013 |
Reach out to our team of local mortgage specialists and take the initial step towards homeownership. Our team is ready to assist you throughout the process, offering you the necessary information and guidance to help you make informed decisions for your unique needs. Don't delay any longer - apply today to begin.