Buying a Home versus Paying Rent - a financial benefit analysis

Why Pay over $2700 in rent when you could enjoy the benefits on home ownership. See how you can purchase a $600,000 with special low down payment programs and actually pay much less than rent. Click on the following link for a free illustration on the financial benefits.http://mcedge.tv/16i61d

Is Housing Really Unaffordable Today?

While there is much discussion regarding the formation of another housing bubble and incomes not keeping up with the rise in home values, you may be surprised at these findings.
WSJ Blogs - Is U.S. Housing Unaffordable? It Depends on How You Chart It - Developments

The Benefits of Owning Vs. Renting - a financial perspective

Look at the benefits of home ownership versus renting. I put together an analysis illustrating the financial benefits of buying a $600,000 home versus throwing away your money on renting a similar property for $2750 per month. Go to this linkhttp://mcedge.tv/16i61d

ARE WE HEADED FOR ANOTHER HOUSING BUBBLE?

 The most important chart in housing right now http://t.co/a7R41Ptlfp

5 Things To Watch For Housing in 2014

http://blogs.wsj.com/five-things/2014/01/07/5-things-to-watch-in-housing-in-2014/

Effective Friday, January 10th, Fannie Mae and Freddie Mac borrower eligibility requirements tightened, making it even harder for the self-employed to qualify for a mortgage. In addition, debt-to-income requirements dropped from 45% to 43%, requiring borrowers have higher incomes and lower debt load. There are other mortgage program options borrowers will want to consider that include loans from portfolio lenders, as opposed to those sold to Fannie Mae and Freddie Mac. As a mortgage broker, I have several options to fit the unique profile of every borrower, that may not be available from your local retail bank or direct lender. One size does not fit all. Feel free to call me at 714-478-3153 should you have questions on what mortgage options are best for you.

Very Cool Interactive Map Illustrating Home Appreciation History Across the U.S.

Here's a very cool interactive map showing home price appreciation by state during different time periods. (Pass your cursor over the time period or state desired. Thanks to Brian Larrabee, founder of Estate of Mind, Inc., New York, for passing this along.)

A GOOD JOBS NUMBER - STRONG INDICATOR INTEREST RATES WILL RISE

The unemployment rate declined from 7.3 percent to 7.0 percent in November, and total nonfarm payroll employment rose by 203,000. Job growth averaged 195,000 per month over the prior 12 months. In November, job gains occurred in transportation and warehousing, health care, and manufacturing. The change in total nonfarm payroll employment for September was revised from +163,000 to +175,000, and the change for October was revised from +204,000 to +200,000. 

What is the impact of a very good employment report overall; the reaction sent the stock market higher, the initial reaction in the bond market sent the 10 yr note to 2.93% for a brief moment before retreating to about unchanged on the day.  Most every key economic release in the last few weeks has been better than forecasts, the rate markets this week have moved higher in anticipation the Fed will begin tapering; Don’t expect any major improvement in the rate markets, the bond and mortgage markets are still bearish and over time rates will continue to increase.