Michelle Phillips

NMLS # 257767

757-366-8690

mphillips@tidewaterhomefunding.com

Michelle Phillips Senior Mortgage Advisor

Mortgage Blog

Mortgage Advice, Homebuying Tips & Market Updates

Home Buyer Q & A

We have a property that was owned by my husband's parents.  They are both deceased, and the property is currently owned by all of the children.  We would like to buy out their interests and keep the house as an investment

Oct 01, 2012 |

30 & 15 Year Mortgage Rates Return to Historic Lows

30 & 15 Year Mortgage Rates Return to Historic Lows

Freddie Mac released the weekly Primary Mortgage Market Survey results today, September 20, 2012.  The 30-year fixed rate mortgage average returned to an historic low of just 3.49%.  This is the lowest weekly average for the 30-year rate since J

Sep 20, 2012 |

Little or No Change to the 30 & 15 Year Mortgage Average Rates

Little or No Change to the 30 & 15 Year Mortgage Average Rates

Freddie Mac released the weekly Primary Mortgage Market Survey results on Thursday, September 13, 2012.  The 30-year fixed rate mortgage average remained unchanged at 3.55%.  The 15-year fixed rate dropped only slightly to 2.85%, the 16th consec

Sep 14, 2012 |

30 & 15 Year Mortgage Rates Drop Prior to Holiday Weekend

30 & 15 Year Mortgage Rates Drop Prior to Holiday Weekend

Freddie Mac released the weekly Primary Mortgage Market Survey results today, week ending August 30, 2012.  The 30-year fixed rate mortgage average eased to 3.59%, matching a four week low.  The 15-year fixed rate average held steady at only 2.8

Aug 30, 2012 |

30 & 15 Year Mortgage Rates Increase for Fourth Consecutive Week

30 & 15 Year Mortgage Rates Increase for Fourth Consecutive Week

Freddie Mac released the weekly Primary Mortgage Market Survey results today, August 23, 2012.  This is the fourth consecutvie week that the fixed rate averages have moved higher.  The increase has been gradual, and the 30-year fixed rate mortga

Aug 23, 2012 |

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Aug 20, 2012 |

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