Spring 2012 Mortgage & Housing Trends

Housing and Mortgage: Real Estate Trends for the Spring 2012


If you’re waiting for mortgage rates or house prices to hit bottom, you may have delayed too long.

Among the housing trends you can expect to see this spring: Potential homebuyers will find increased competition when shopping for a home this spring, as more bargain hunters get off the fence. Investors also will continue to take advantage of the opportunity to buy low.

Some of the housing trends you should expect to see:

  • Mortgage rates rise but won’t skyrocket
  • Buyers face fierce competition with investors
  • Homebuyers expected to get off the fence.
  • Refinances get easier, cheaper.

From Yahoo: 5 Housing and Mortgage  Trends in Spring




Bay Area Mortgage Crunch

SFGate. com writes, It’s going to be harder – and more expensive – to get a mortgage. Turmoil in the mortgage markets has caused increasing problems for home buyers in the Bay Area. Simply put, less money is available for mortgages.

The credit crunch comes at a time when Bay Area homes already are changing hands at their slowest rate in 12 years.

Read more at http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2007/08/09/BU3IREG2E.DTL

Mortgage Terms – Adjustable Rate Mortgage

Adjustable Rate Mortgage: (ARM LOAN) A mortgage loan subject to changes in interest rates; when rates change, ARM monthly payments increase or decrease at intervals determined by the lender. Also called a variable rate mortgage