Daryl Mitchell's Blog

Low returns on stocks, bonds, and savings accounts are making paying off your home loan financially attractive. Many homeowners are getting a better return on their funds by reducing what they owe, rather than placing that money in an investment vehicle. You can benefit from this approach by refi...

According to VA Circular 26-11-12, "For loans closed on or after October 1, 2011, the fee for subsequent use loans with less than 5 percent downpayment and subsequent use regular refinance loans will be 2.8 percent for both active duty servicemembers, veterans, and persons qualifying based solely...

The Federal Home Finance Agency announced big changes to its Home Affordable Refinance Program Monday. More commonly called HARP, the Home Affordable Refinance Program is meant to give “underwater homeowners” opportunity to refinance. With average, 30-year fixed rate San Antoio Mortgages still h...

Foreclosure activity continues to slow throughout the United States. According to data from RealtyTrac, a national foreclosure-tracking firm, the number of foreclosure filings dipped below 215,000 in September 2011, a 6 percent decrease from August. A “foreclosure filing” is defined as any forec...

Homebuilder confidence is rebounding sharply. Just one month after falling to a multi-month low, the Housing Market Index rebounded four points to 18 for October. It’s the highest reading for the HMI since May 2010 — the month after last year’s homebuyer tax credit expiration. The Housing Market...

30 Year Fixed(30% VA disabled or more)3.33%3.67% APRNote: Cannot use for refinance 30 Year Fixed(non disabled)3.83%4.01% APRNote: Cannot use for refinance. These are great opportunities for Texas Veterans to save thousands in interest charges. Daryl Mitchell  Legacy Mutual Mortgage NMLS 221138 21...

The American Consumer is alive and well, it seems. Friday morning, the Census Bureau will release its Retail Sales figures for September. The report is expected to show an increase in gross receipts for the 15th straight month with analysts predicting a 0.6 percent increase from August. The proj...

Wednesday, the Federal Reserve released the minutes from its 2-day meeting September 20-21, 2011. The release shows a divided Fed in disagreement about the current U.S. monetary policy. The group reached compromise for new economic stimulus, however, and maintained its commitment to accommodativ...

With mortgage rates at all-time lows, you may be asking “Is now a good time to refinance?”. This short interview from NBC’s The Today Show offers good insight. Refinancing a San Antonio Mortgage is about more than just “low rates”. For example, there are costs associated with giving a new mortga...

Mortgage markets worsened last week as safe haven buying eased and demand for mortgage-backed bonds dropped. As in most weeks since March 2011, Greece and U.S. jobs dictated market direction. Mortgage markets worsened last week as safe haven buying eased and demand for mortgage-backed bonds dropp...