Author Archives: Ryan Raveis, Executive Vice President, William Raveis Mortgage

Cutting Boards and Customer Service Go Hand-in-Hand

This fall, William Raveis Mortgage started a new campaign to thank our customers, and it involved…cutting boards. Stay with me. We know that your journey in to homeownership doesn’t end at the closing table. Really, it’s just beginning. Once you have the keys to your new house, there’s a whole host of things left to do: move in, get settled, unpack and turn that “house” into your home.

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New Mortgage Rules May Impact Your Buyers and Sellers

This post was written by Ryan Raveis, executive vice president of William Raveis Mortgage, LLC (NMLS ID 2630.) To see his first post on the changing mortgage industry, click here.

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Significant Changes on the Horizon for the Mortgage Industry

If you are working with clients aiming to buy and finance a home in the near future, you’ll want to be sure to close the transaction before the end of the year.

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Are the Days of Bargain Buys Over?

Housing affordability dipped slightly during the second quarter according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI), released today.  Additionally, this past week, Freddie Mac released their U.S. Economic and Housing Market Outlook for the month of August, 2012 which revealed that their Price Index increased 4.8% from March to June, 2012 which was the largest quarterly increase in eight years.

So is this the end of the bargains for buyers?

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How Congress Stirred the Interest Rate Pot

Interest rates have been a hot topic of conversation for the past several months, and it’s likely that by now those following the market have gotten a hang of how interest rates and the market are correlated.  “What is good for the stock market is bad for interest rates, and vice versa” became the familiar saying… that is, until Congress shook it up.

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What Does the State of the Stock Market Mean for Real Estate?

If you’ve been following the stock market or interest rates over the past two weeks, you may feel like you’ve been on a bungee cord.  There have been several economic reports, fears regarding the debt crisis in Europe, and continued debates around resolving the nation’s debt that have stirred investors’ emotions and created a lot of market volatility.  The net effect? The stock market is down but so are mortgage interest rates, making it a good time to buy or refinance.

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Mortgage Memo

Ever feel like you are drinking from a firehose when reading the news?  There’s no doubt that there’s a lot of information coming at today’s media consumer, particularly when it comes to the economy and the real estate industry.  For the past couple of years, we’ve heard about bubbles bursting, historic low interest rates, foreclosures, and the opportunities that they present to us.

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Mortgage Memo

The Obama administration finds itself balancing the need to spur the economy through promoting the housing and mortgage market, while protecting banks and other investors from risky mortgages.  On February 11th, it presented a broad plan to begin shrinking its support of the nation’s mortgage market.  Continue reading

How Low Will They Go?

Historically low interest rates

Historically low interest rates

The average national interest rates on a 30-year fixed rate home mortgage fell to 4.32% for the week ending Thursday, September 3rd, according to Freddie Mac.  Though this is a record bottom and rates have since risen, the question remains:  how low will they go?

It is clear that there is a strong focus on using the housing industry and mortgage interest rates to help spur the economy.  In the past year, the Fed has driven interest rates down to help homeowners refinance to lower their monthly housing expenses and to make homes more affordable for those looking to purchase.

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