Real estate is all about location,location, location...so we're giving you the facts and info you need for any location you choose. Explore local market conditions, sales trends and more through our detailed yet easy to understand videos.

Click on image to be directed to the video

Real estate is all about location,location, location...so we're giving you the facts and info you need for any location you choose. Explore local market conditions, sales trends and more through our detailed yet easy to understand videos.

Click on image to be directed to the video.

Real estate is all about location,location, location...so we're giving you the facts and info you need for any location you choose. Explore local market conditions, sales trends and more through our detailed yet easy to understand videos.

Click on image to be directed to the video.

Real estate is all about location,location, location...so we're giving you the facts and info you need for any location you choose. Explore local market conditions, sales trends and more through our detailed yet easy to understand videos.

Click on image to be directed to the video.

What have rates done this week?

30-Year Conventional - Slightly Lower

Jumbo - Relatively Unchanged

FHA & VA Programs - Slightly Lower

Mortgage rates took another dip this week thanks to the Federal Reserve's decision to stay the course on the stimulus bond-purchasing program.

The party may not last long. The Fed meets again at the end of October, and the committee could vote to reduce the pace of bond purchases, as James Bullard, president of the Federal Reserve Bank of St. Louis, reminded investors this week.

The Fed has been spending $85 billion per month in these purchases to stimulate the economy and keep rates low. Once the Fed pulls back on the program, mortgage rates may shoot up.

Unless economic data show significant improvement in the economy before the next Fed meeting, it's unlikely the Fed will take action.

Another factor that could affect mortgage rates in coming days is the threat of a potential government shutdown. If Democrats and Republicans don't come to a budget agreement soon, the government could shut down starting Oct. 1.

A shutdown could push rates up or down, depending on how investors react to the threat, says Pava Leyrer, president of Heritage National Mortgage.

In the event of a shutdown, the confidence of consumers, including homebuyers, would take a hit, she adds.

"My big concern is homebuyers are going to pull back because this is going to affect everybody in one way or another," she says. (www.bankrate.com )

 

For more information contact:
Wesley S. Tower
Senior Mortgage Advisor, NMLS # 176635
PHH/ Coldwell Banker Home Loans
Office: 410-919-1897lMobile: 410-991-9188lFax: 856-917-1358
wesley.tower@mortgagefamily.com

Real estate is all about location,location, location...so we're giving you the facts and info you need for any location you choose. Explore local market conditions, sales trends and more through our detailed yet easy to understand videos.

Click on image to be directed to the video.

Real estate is all about location,location, location...so we're giving you the facts and info you need for any location you choose. Explore local market conditions, sales trends and more through our detailed yet easy to understand videos.

Click on image to be directed to the video.

By SHANTEÉ WOODARDS
Courtesy of: capitalgazette.com
Photo by: Mattew Cole, Staff

When Ginger Guthrie started her house hunt last fall, the plans were to get four bedrooms and keep an Annapolis address.

But houses in the $600,000 to $700,000 range were being scooped up before she
could even submit an offer. The trick to landing a prime property? Find one
before it hits the market.

Eventually, that’s what Guthrie did. But it came with a catch: Guthrie and her family couldn’t move in until the seller was ready to relocate four months later. They made a deal and wound up getting everything on the wish list, including a pool.


Click on the image to read the full article:




 
 
 
 

The June numbers are in for Anne Arundel County.  June YTD sales of 2,983 are running 7.7% ahead of last year's 
year-to-date sales of 2,771.  And, they were up 3.4% compared to last June.

Sales prices, however, were down slightly across the county comapared to this time last year.

Inventory continues to drop and the June 2013 MSI of 4.0 months was at its lowest level compared with June of 2012 and 2011.  Good news for sellers.

Click on the image to see the full report: