Buying a Home

Oct. 6, 2011

Mortgage rates fall to historic lows

Freddie Mac announced Thursday that 30-year fixed mortgage rates fell below 4% for the first time ever. The new rate - just 3.94% - is lower than the rate in the 1950s, according to the National Bureau of Economic Research. For buyers looking at homes in Daphne, Fairhope and Spanish Fort ...

View More
Posted in Buying a Home
Oct. 5, 2011

VA funding fee changes Oct 1, 2011

Veterans closing mortgage loans after Oct. 1, 2011 will find that the funding fee has been reduced on VA loans.

Here's the new structure:

VA loans may not always be the best choice for financing, so be sure to do your research.

Posted in Buying a Home