Once again Raleigh comes in as one of the best places to live in our country. Take a minute to view the article! We look forward to welcoming you to our part of the country!
http://www.forbes.com/2009/03/25/best-cities-careers-bizplaces09-business-places-intro.html
THOUGHTS & INFORMATION ON THE RALEIGH, WAKE FOREST, ROLESVILLE & WAKE COUNTY REAL ESTATE MARKET & A LITTLE BIT ABOUT LIFE IN THE TRIANGLE!
Mar 30, 2009
Mar 26, 2009
How to Take Advantage of the Jump in Mortgage Applications
Wednesday, 25 Mar 2009 | 9:13 PM ET Text Size Posted By: Carlo Dellaverson
Web Producer
Today we learned that mortgage applications jumped 32 percent last week over the previous week. It was also recently reported that last month’s sales of previously-owned homes jumped to its biggest increase in six years. Rates are down and home sales are up – what does it mean for your mortgage?
Rodney Anderson, executive director and managing partner of Rodney Anderson Lending Services, says the “floodgates are opening and the phones are ringing off the hook” with home loan applicants. And 70 percent of those applicants are actually getting approved, he says.
The secret to that high rate of acceptance? Anderson says this time around people are realizing they have to verify their assets, income and pay attention to their credit scores if they want to get a loan. Having that triumvirate is the key to getting approved, he says, and more homebuyers understand it, which leads to better borrowers applying.
Anderson also says he does not see interest rates moving much higher in today’s market, and he would advise first-time homebuyers to use the opportunity to lock in rates the closer they get to closing. Don’t pay a premium to lock in rates for longer periods of time, he advises.
Watch ON THE MONEY weeknights at 10p ET
© 2009 CNBC, Inc. All Rights Reserved
Wednesday, 25 Mar 2009 | 9:13 PM ET Text Size Posted By: Carlo Dellaverson
Web Producer
Today we learned that mortgage applications jumped 32 percent last week over the previous week. It was also recently reported that last month’s sales of previously-owned homes jumped to its biggest increase in six years. Rates are down and home sales are up – what does it mean for your mortgage?
Rodney Anderson, executive director and managing partner of Rodney Anderson Lending Services, says the “floodgates are opening and the phones are ringing off the hook” with home loan applicants. And 70 percent of those applicants are actually getting approved, he says.
The secret to that high rate of acceptance? Anderson says this time around people are realizing they have to verify their assets, income and pay attention to their credit scores if they want to get a loan. Having that triumvirate is the key to getting approved, he says, and more homebuyers understand it, which leads to better borrowers applying.
Anderson also says he does not see interest rates moving much higher in today’s market, and he would advise first-time homebuyers to use the opportunity to lock in rates the closer they get to closing. Don’t pay a premium to lock in rates for longer periods of time, he advises.
Watch ON THE MONEY weeknights at 10p ET
© 2009 CNBC, Inc. All Rights Reserved
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About Me
- Julie Keelan
- Raleigh / Wake Forest, NC, United States
- Julie Keelan is a Broker with the Keelan ~ Page Group at Allen Tate Company in the Triangle Area of North Carolina. The Triangle encompasses: Raleigh, Wake Forest, RTP, Durham, Chapel Hill; her focus is the Raleigh, Wake Forest, Rolesville & surrounding areas. Julie also specializes in Horse Farms and Golf Course homes. Starting in 1996 as a Real Estate Appraiser in Flagstaff, AZ & in 2005 moving to Raleigh, NC getting her Brokers License she has seem many markets. Julie shares her experience and take on what's going on in the Real Estate market in her area and Real Estate in general...there is always something going on! The news is not all bad despite what you hear from the non-stop talking heads on the 24 hour news networks. In today’s market you have to search for professionals that truly know what is going on in your market, always remember REAL ESTATE IS LOCAL! Please contact us if you have any questions or if you would like to talk to us about Buying or Selling we have great tools and marketing plans to get the job done for you. In the mean time I hope to put some light and lite into your day as related to Real Estate. Keep Coming Back!