What is Happening in the Mortgage Market

November 16th, 2010 1:03 PM
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Richard Woodward
Banker / Senior Manager
Envoy Mortgage
Phone: 972-661-5136
Fax: 972-314-9647
Rwoodward@Envoymtg.com
www.Envoy-Mtg.com

Preparing Your House for the Market

If you're selling your home, make sure your home has "curb appeal." Remember, you can't change a first impression. If your home looks like a diamond in the rough, think about putting a small investment into cleaning up the outward appearance.

Imagine that you are seeing the property as a potential buyer. You'll want to do a little yard work - clear away dead shrubbery, and trim your trees and lawn. Weed the flower beds or plant some flowers that will bloom in season. Make sure the driveway is not stained, and if you can't afford to paint the home entirely, at least make sure the front door and immediate entryway is immaculate.

Fresh and clean are still the keywords to making a good first impression once the potential buyer walks through the door. Unless a particular window is facing an eyesore or a neighboring building, open the drapes and let the sunshine in! Put your dog in the back yard or garage so he's not jumping on the new people who just walked in.... they might have allergies! There is much you can do to improve the look of your home, without investing a great deal of money.

Call me to get a copy of my pamphlet, "33 Ways to Sell Your Home Fast." I'd be happy to share more tips with you and assist you in obtaining financing for your next home as well.

Mortgage Interest Rates for Fixed and Variable Rate Mortgages*
Rates as of Tuesday, 16th November, 2010:
  Term Conforming APR Payment per
$1,000
Jumbo APR Payment per
$1,000
Arm Reset Term
30-Yr. Fixed 360 4.375% 4.501% $4.99 5.125% 5.213% $5.44 -
15-Yr. Fixed 180 3.750% 3.969% $7.27 5.000% 5.151% $7.91 -
7-Yr. Fixed ARM 360 3.500% 3.620% $4.49 4.250% 4.334% $4.92 7
5-Yr. Fixed ARM 360 3.250% 3.368% $4.35 3.875% 3.957% $4.70 5
5-Yr. Int. Only 360 3.750% 3.872% $3.13 4.250% 4.334% $3.54 -
30-Yr. FHA 360 4.250% 4.375% $4.92 % % $0.00 -
30-Yr. VA 360 4.375% 4.501% $4.99 4.500% 4.585% $5.07 -
USDA 100% Financing 360 4.750% 4.879% $5.22 9999% 9999.000% $nan -
10 Year ARM 360 3.750% 3.872% $4.63 4.625% 4.711% $5.14 10
203K Remodel FHA 360 4.500% 4.627% $5.07 % % $0.00 -
*Rates are subject to change due to market fluctuations and borrower's eligibility.
This is not a commitment to lend. Credit and collateral subject to approval, other restrictions may apply. Programs, rates, terms and conditions are subject to change without notice. All rates with above 1% as part of orgination fee. Envoy Mortgage, Ltd NMLS #6666, Richard Woodward NMLS # 217454, Licensed held by the State of Texas. Equal Housing Lender.


Posted by Richard Woodward on November 16th, 2010 1:03 PMPost a Comment (0)

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