Michelle Phillips

NMLS # 257767

757-366-8690

mphillips@tidewaterhomefunding.com

Michelle Phillips Senior Mortgage Advisor

Mortgage Blog

Mortgage Advice, Homebuying Tips & Market Updates

30 & 15 Year Mortgage Rates Return to Record Lows

30 & 15 Year Mortgage Rates Return to Record Lows

According to Freddie Mac's Weekly Primary Mortgage Market Survey the average on the 30-year loan rate remained at 3.66%*.  That is unchanged from the previous week, and still the lowest weekly average since long-term mortgages began in the 1950's. Th

Jun 28, 2012 |

NAR: Pending Home Sales Up in May, Matching Two Year High

NAR: Pending Home Sales Up in May, Matching Two Year High

National Association of Realtors News Release WASHINGTON (June 27, 2012) – Pending home sales bounced back in May, matching the highest level in the past two years, and are well above year-ago levels, according to the National Association of Re

Jun 27, 2012 |

Home Buyer Q & A

We want to purchase a new home.  We are having a hard time getting qualified.  I was employed by a company that closed most of their operations, and they continue to keep me on in the same position but as a private contractor

Jun 25, 2012 |

Help for Homeowners - HARP - Making Home Affordable Refinance Program

Help for Homeowners - HARP - Making Home Affordable Refinance Program

Finally, there is help for homeowners that are underwater on their mortgages: Do any of these sound like you? The value of my property has fallen. I owe more than my home is worth. I have been turned down for a refinance loan in the past.

Jun 23, 2012 |

Mortgage Rates Bounce Back Near All-Time Lows

Mortgage Rates Bounce Back Near All-Time Lows

Mortgage Rates fell today as European markets, and to a lesser extent, domestic economic data, dragged bond market interest rates lower.  Rates were generally higher yesterday following the FOMC Announcement, but today's improvements in the

Jun 22, 2012 |

30-year mortgage rate hits weekly record low of 3.66%

30-year mortgage rate hits weekly record low of 3.66%

Mortgage rates hit record lows in the week ending June 21, with the 30-year fixed-rate mortgage average declining to 3.66% from 3.71% in the prior week, Freddie Mac stated in its weekly report. The 15-year fixed-rate mortgage remained low at 2.95% from 2.

Jun 21, 2012 |

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