Mortgage/Financing News

Birmingham Makes the Cut for the Improving Markets Listing

For the seventh month in a row, the National Association of Home Builders Index has reported positive improvement for metropolitan areas as identified in its monthly Home Builders/First American Improving Markets Index (IMI) listing. This past month, Birmingham made the list as one of the 274 metros newly listed in March. The addition of the […]

Homeowner Tax Deducting 101

Tax season is officially over! To share our excitement with you, we’ve compiled some information on how to prepare for next year’s tax season—after all, it’s never too early to start the planning process. If you’re selling a home, in order to purchase your new home at Ross Bridge, you can add the price of […]

Fixed-Rate Mortgages Reach New Lows For 2nd Week In A Row

According to the National Association of Realtors, fixed-rate mortgages hit new all-time lows last week for the second week in a row, as reported by Freddie Mac in its weekly mortgage market survey.  This drop in rates has been mostly attributed to the recent decision made by the Federal Reserve to buy up $40 billion of mortgage-backed […]

FHA Loans: Questions & Answers for Buyers

As the real estate market continues to improve and current market conditions give buyers a greater advantage, many of those who had previously been wary or downright nervous about buying new homes in Birmingham are starting to look to the near future. Average home prices in Birmingham are on the rise once again and the […]

Freddie Mac: Mortgage rates edge higher – Birmingham Business Journal

A one-year adjustable-rate mortgage was unchanged at 3.95 percent, considerably lower than the 4.81 percent one-year ARMS were averaging a year ago.