L Dean's Blog

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Real Estate Agent - Keller Williams Realty - Ballantyne
This site is an opportunity, and your "go to" place, to get important questions answered about your own real estate concerns or problems. If a question is best answered by attorney or an accountant, we will so advise you seek one. Otherwise, if you are looking for advice on the purchase or the sale of your property, you'll find our information helpful and responsive. We look forward to hearing from you and addressing your particular concerns.
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January 31, 2009 Friends in Real Estate, Mortgage rates continue to stay low due to the government purchase of mortgage backed bonds.  Expect slow underwriting due to the huge numbers of refinances.  Plan on 45-60 day closings and be happily surprised if your lender can close sooner.  If your con...
01/31/2009
What a way to begin 2009 for the housing industry.   Opportunity knocks!! Here's a sample of Primary Home Purchase money rates today, up to 0+1, with escrows for a borrower with median credit of 720-760.  These are subject to vary based on loan amount, occupancy, LTV, credit quality and other fac...
12/30/2008
The longer this business downturn runs on, the uglier it is getting.  It is affecting so many different aspects of our economy now, it is going to take longer to work our way out of it.  And too many are getting the idea that they can get a piece of the bail out pie, just because it's there. The ...
12/29/2008
November 13, 2008 Friends in Real Estate, 2009 Conforming Loan limits will remain at $417,000, the 4th consecutive year at this level.  What is a Conforming loan?  A loan that "conforms" to Fannie Mae or Freddie Mac guidelines.  The stock market rally drew funds away from mortgage backed bonds an...
11/14/2008
After almost a year of declining home prices, incredible buyer incentives on home purchases, and for the most part, stable or falling mortgage interest rates, we still have large inventories, pent up buyer demand, and not appreciable movement in the market.  Buyers are not taking advantage of a b...
11/12/2008
October 9, 2008                                                                     Friends in Real Estate, For the 2nd straight day both mortgage backed securities and stocks fell significantly.  Usually they move in opposite directions, but due to margin calls and investor redemptions, many inv...
10/10/2008
Fannie Mae / Freddie Mac Rescue We as a nation are close to making the wrong decisions at the ballott box next month due to lack of knowledge, understanding, and in many cases just ignoring historical facts.  The recent collapse of the financial markets was not, in great part, of this administrat...
10/06/2008
The government bailout of Fannie and Freddie had a great impact on Conforming Fixed rates today.  Conforming Fixed Rates dropped by .25 to .5 depending on the loan size and type of loan quoted.  Many experts are predicting they will continue to drop in the next few weeks.  This is great news for ...
09/11/2008
The National Association of Realtors has released some statistics regarding pending home sales for the month of  June.  Pending home sales are homes under contract that are on the way to closing.  Predictions for June were to be a decline of 1.0% in June.  As it turns out June actually spiked to ...
08/08/2008
August 7, 2008 Friends, Expect higher conforming (<417K) loan rates in October 2008, no matter what happens to mortgage bonds.  Fannie Mae revised its' pricing AGAIN and the change affects EVERYONE no matter what the borrower's credit score or loan to value is.  Lower credit scores/higher LTVs wi...
08/08/2008
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Dean L.Davidson

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