by David Floyd | Dec 3, 2018 | Mid America Mortgage, Inc, Mortgage Lending, Real Estate Market
Apartments are getting smaller, yet renters are paying more. This troubling trend could become a growing problem for younger and lower-income individuals, especially those who wish to save up for a down payment on a house. According to a recent report from CNBC, the...
by David Floyd | Nov 25, 2018 | Mid America Mortgage, Inc, Mortgage Lending, Real Estate Market
After six straight months of declines, the number of existing-home sales crept back up in October, according to the latest data from The National Association of Realtors® (NAR). Total existing-home sales are defined as completed transactions that include singe-family...
by David Floyd | Nov 24, 2018 | Mid America Mortgage, Inc, Mortgage Lending, Real Estate Market
There’s a new plan in works that may eliminate the need for in-person home appraisals for real estate transactions priced below a certain figure. The proposal could save home buyers and those who are refinancing hundreds of dollars, not to mention speed up the sale...
by David Floyd | Nov 8, 2018 | Mid America Mortgage, Inc, Mortgage Lending, Real Estate Market
Labor Data, Elections Play Tug-of-War With Mortgage Rates Overview: Over the past week, stronger than expected labor market data was negative for mortgage rates, while the election results were positive. The net result was that mortgage rates ended the week slightly...
by David Floyd | Nov 5, 2018 | Mid America Mortgage, Inc, Mortgage Lending, Real Estate Market
Pending home sales increased 0.5 percent in September with substantial gains in both the West and Midwest regions, according to the latest information from the National Association of Realtors (NAR). The Pending Home Sales Index (PHSI), a forward looking indicator...
by David Floyd | Oct 26, 2018 | Mid America Mortgage, Inc, Mortgage Lending, Real Estate Market
When you buy a home using a mortgage, an escrow account is usually set up by your lender in order to help manage your property tax and insurance costs. Rather than having to save up and pay these bills separately, part of your mortgage payment is deposited into the...
