Can’t They Just Trust Me? You Want More Documents?

home made of paper

Can’t They Just Trust Me? You Want More Documents? I promise to pay my mortgage back. Why do they keep asking for more documents? In the early 2000s that is exactly what the mortgage industry did- big trust and few documents. As a result, the American Dream of homeownership was realized by a record number of people. … [Read More]

How Much Home Can I Afford Making Under $50,000 A Year?

How Much Home Can I Afford

The median 2018 household income in Calcasieu Parish, Louisiana is $46,457.  So, if you make around $50,000 and are wondering “How Much Home Can I Afford” you are in good company.  The Fall buying market is here!  The housing market remains strong!  Home prices and interest rates continue to climb!  This means that NOW is… [Read More]

Existing Home Sales Rise

Spring Home

The National Association of REALTORS® (NAR) reported on Monday that Existing Home Sales in March rose 1.1 percent from February to an annual rate of 5.60 million annualized units, above the 5.57 million expected. However, sales are down 1.2 percent from March 2017 due in part to continued low inventories and affordability issues. Total housing… [Read More]

Home Buying Costs Up

Home Buying Costs Up

Home buying costs edged higher in the latest week due in part to an uptick in inflation pressures and as the U.S. economy continues to grow. The Mortgage Bankers Association (MBA) reports that the 30-year fixed-rate conforming mortgage rose to 4.50% in the latest week from 4.41%. The MBA also reports that the 30-year fixed-rate… [Read More]

Home Purchase Mortgage Loans on the Rise

Home Buyers Increase

CoreLogic reports that rising incomes and consumer confidence have increased the number of prospective home buyers. The increase in potential home buyers coupled with limited inventories of homes for sale on the market continue to drive prices higher. They also report that home prices nationwide, including distressed sales, rose 6.6% year over year in the… [Read More]

New Home Sales Strong

Welcome Home

The Commerce Department reported on Monday that sales of new homes rose to their highest level in 10 years due to strong sales across the country. New Home Sales rose 6.2% in October from September to an annual rate of 685,000 units, above the 629,000 expected. September was revised to 645,000 from 667,000. Strong sales… [Read More]