Designing House

November 3, 2011

What happens when you gather the greatest minds in the Washington design world and sic them on a newly built home? You end up with the Washington Design Center’s 2010 Design House, a glittering amalgam of styles new and old …

Homebuyer Tax Credit Lives


On November 6th, 2009 The Worker, Homeownership and Business Assistance
Act of 2009 was signed into law. The law extends and expands the first-time homebuyer credit allowed by previous Acts. Highlights of the new law include the following:

– Extends …

Rumblings at the Federal Reserve


There was a shot across the bow in the financial markets on Feb. 18, when the Federal Reserve raised the interest rate it charges banks for emergency loans.

The markets reacted predictably to the news. The bond market sold off …

The State of Mortgages


 

 

-Mortgage rates remain in a narrow and favorable range. In recent days, rates for 30-year fixed-rate mortgages as gauged by Freddie Mac averaged below 5% percent again. This means for a primary house mortgage with at least 20 …

The Markets are Volatile


 

 

-The roller coaster ride in the financial markets continues. Some of the swings are good for interest rates — some are not so good. At best, it is a nerve-racking time for anyone who is watching their investments.…

Rent or Buy?


 

 

-With mortgage interest rates low these days and the rental market in the Georgetown area stubbornly high, many prospective renters are taking the time to examine if the time is right to purchase a property.

Rates on mortgages …

Interest Rates are Moderating


 

 

-Not that long ago, the talking heads on CNBC and other cable shows were talking about the inevitable rise in interest rates. Virtually all were calling for the 10-Year Treasury to be well north of 4 percent by …

Rates Are At Record Lows


 

 

-In a July 22 release by Freddie Mac’s Primary Mortgage Survey, the 30-year and 15-year fixed-rate mortgages reached record lows. The survey for 30-year fixed-rate mortgages began in 1971 and for the 15-year began in 1991.

The average …

Mortgage Rules In 2011

July 26, 2011

 

 

-extreme. There were too many abuses by the mortgage industry and some customers. There were too few restrictions on loan programs and lending overall. Basically, things were too loose.

Fast forward to 2011. The mortgage industry is at …

Mortgage Interest Rates Respond To World Events


Bad news can be good news for the bond markets and ultimately for mortgage interest rates.

When investors are uncertain about national and world events, money is taken out of the equity markets and goes into safer instruments like United …