K.M. Minemier & Associates is a certified Woman Owned Small Business (WOSB) engaged in full service real estate asset management and marketing.

Articles on #mortgage

Housing Bubble losing air at an Accelerating Pace

July 14, 2022

According to the article published by Shiffgold.com pending home sales have dropped significantly as well the inventory of homes on the market rose as the interest rates on mortgage rose as well.  As compared to the same period one year ago the sales dropped by 16% for the month of June.  May also dropped by 12% ...

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July 11, 2022

HUD No. 22-129HUD Public Affairs(202) 708-0685FOR RELEASEThursdayJuly 7, 2022FEDERAL HOUSING ADMINISTRATION EXPANDS MORTGAGE ELIGIBILITY FOR BORROWERS PREVIOUSLY AFFECTED BY COVID-19Updated guidance issued today provides new flexibility for lenders when calculating “effective income” for borrowers with previous employment gaps or loss of income due to a COVID-19 economic event.WASHINGTON, D.C. - The Federal Housing Administration (FHA) announced ...

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Mortgage Market in a minute

June 04, 2022

https://sites.academymortgage.com/landingpage/?domain=sites.academymortgage.com&slug=markettracker&userId=96qIP  ...

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Market just hit a turning point

June 04, 2022

https://www.realtor.com/news/trends/housing-market-turning-point-may-inventory-report/ ...

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Mortgage rates in a minute

May 02, 2022

Mortgage Rates in a minutehttps://sites.academymortgage.com/landingpage/?domain=sites.academymortgage.com&slug=markettracker&userId=96qIP ...

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Buyers taking the sting out of Rising Mortgage rates

May 02, 2022

https://www.wsj.com/articles/home-buyers-are-finding-ways-to-take-the-sting-out-of-rising-mortgage-rates-11651445773 ...

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Don't Let rising interest rates scare buying a home

April 05, 2022


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Mortgage refinance demand plunges 13% as interest rates climb toward two-year high

January 31, 2022

 MAIN POINTSThe average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 3.72% from 3.64%.Refinance applications fell 13% for the week and were 53% lower year over year.Mortgage applications to purchase a home dropped just 2% for the week and were 11% lower than a year ...

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Mortgage rates move slowly despite tightening market

December 09, 2021

Mortgage rates decreased one basis point to 3.10% in the week ending Dec. 9, remaining low and stable despite tighter housing supply and affordability, according to the latest Freddie Mac PMMS mortgage report.A year ago at this time, the average 30-year fixed-rate loan averaged just 2.71%, according to the report published on Thursday.Sam Khater, Freddie ...

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Ask Your Lender!

November 11, 2021

SO, YOU ARE BUYING A HOUSE…It seems that once a buyer signs a purchase agreement, they do not always realize that certain things that they do will affect their ability to purchase the home.  It does not matter if it is a Holiday season, or Back to School time, and the lender will not be happy to ...

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Covid mortgage bailouts are expiring fast, but here’s why a foreclosure crisis is unlikely

September 13, 2021

Covid mortgage bailouts are expiring fast, but here’s why a foreclosure crisis is unlikelyPUBLISHED FRI, SEP 10 20217:00 AM EDTUPDATED FRI, SEP 10 20217:00 AM EDTDiana Olick@IN/DIANAOLICK@DIANAOLICKCNBC@DIANAOLICKKEY POINTSThere are still 1.618 million borrowers in forbearance programs, or 3.1% of all outstanding mortgagesSome 98% of those troubled borrowers have at least 10% equity in their homes, not ...

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How Do I Find The Right HUD Home For Me?

March 13, 2021

Post by: Nancy Braun, Showcase Realty Here Are Some Tips On How To Secure The HUD Home That Is Right For You Choosing the place you are going to call home is a big decision to make, and not one to take lightly. HUD homes are a popular choice, especially for first-time homebuyers. This is not surprising because ...

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How to Buy a Foreclosed Home

December 16, 2020

By Chris Kissell and Dawn PapandreaAS HOME PRICES SOAR IN many cities, buyers may look to foreclosures to land bargains on houses. Foreclosure happens when a borrower can no longer make mortgage payments, and the lender seizes and then sells the home to recover losses.Foreclosed homes are often sold for less than their market value.That discount could ...

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3 Things You Want To Know Before Buying A Home This Fall

November 12, 2020

If you are planning to become a homeowner this year, these three facts about fall real estate will help you make an informed decision.Image by Jens Neumann from Pixabay 1. Price Fluctuations. Zillow reports show that around the same time last year, there is a 4.1% increase in the median home value in the USA. With ...

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Buying A Home The Most Affordable Since 2016: Low Mortgage Rates Give You Purchasing Power

September 17, 2020

Natalie Campisi On March 19, the average rate for the benchmark 30-year fixed rate mortgage spiked to 3.65%, nearly the highest level in a year. Since then, rates have steadily fallen—breaking records on their way down and making home loans cheaper. The drop in rates has been a boon to buyers who are facing rising home prices ...

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Selling your home during COVID-19: Is it a good time to sell?

June 05, 2020

The common question is "Is it a good time to sell a property given the current situation?"Homelight recommends listing your home as soon as possible if you are planning to sell your property within the next 24 months. If the economy comes to a significant decline, it will be more challenging to sell your home in ...

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Top 3 Reasons to Get Pre-Approved Before You Buy a Charlotte NC Home

May 02, 2020

Post by: Nancy Braun, Showcase Realty  Are you preparing to buy a home in Charlotte? Looking at homes for sale is fun and exciting.Before you make the mistake of fixating over a certain type of home or on certain features you want in a home, you need to know what you can really afford. Knowing your ...

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2020 Real Estate Outlook: Expert Predictions For Mortgage Rates, Home Prices, Tech And More

December 12, 2019

  The 2019 housing market has been one of low rates, high demand and limited supply—particularly on the lower-priced end of the market. Will 2020 be more of the same? According to experts, yes and no.We spoke to six mortgage, real estate, and housing professionals. Here’s what they say is in store for the ...

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