Albuquerque Real Estate
Mortgage rates closed higher on Friday following stronger than expected employment news. June’s Employment Report revealed a couple of big surprises in the headline readings. First, the bad news was the 224,000 new payrolls that greatly exceeded forecasts of 160,000 jobs. This figure is taking center stage as it is strong enough that many analysts […]
Mortgage Rates: Mortgage rates enjoyed a pleasantly flat week despite some volatility in the underlying bond market. The day-to-day changes in Treasuries and Mortgage-Backed-Securities (MBS) were noticeable, but they all took place inside the range of values seen last Wednesday on Fed day. In other words, the bond market (which dictates rates) digested the Fed’s […]
So you’ve conducted your home inspection, and now it’s time to negotiate with the sellers regarding disclosed issues on the inspection reports. What is best to do? You could ask for a price reduction in the house – easy if it’s a cash purchase…a little trickier if you are getting a loan/mortgage on the property. […]
Mortgage Rates: Mortgage rates have had an impressive run–the best since 2011, in fact, when it comes to total peak to trough movement. That winning streak might not even be over, but every time rates bounce recently–even if only slightly–it’s cause for concern. For one of a few potential reasons, these big moves in rates […]
This is an often asked question when you are ready to sell your Albuquerque area home. Should you get a pre-listing inspection? I’ll try answer this question based on today’s market. When you sell your home, there are at least 3 times that you negotiate. The first part is, what I think, the easy part […]
