Daryl Mitchell's Blog

  Operation Twist must be working, because 15-year fixed mortgage rates have set a new record, and breached a new threshold, diving below 4% nationwide.  According to Freddie Mac’s weekly survey of mortgage rates, nationwide 30-year fixed-rate mortgages average 3.94 percent. Just last week, they...

San Antonio Mortgage rates are prepped to make big moves in the next 36 hours. Is it time for you to call in your rate lock? Friday, at 8:30 AM ET, the Bureau of Labor Statistics will release the Non-Farm Payrolls report for September. Issued monthly, the ”jobs report” offers sector-by-sector job...

  VA JUMBO Loans now up to $1,000,000 in some high cost counties!    2011 Loan Limits With the enactment of The Housing and Economic Recovery Act of 2008, VA has allowed 100% financing in certain high cost counties up to the current published VA county limit.  Qualifying veterans can now apply fo...

For homeowners in high-cost areas nationwide, conforming and FHA loan limits have dropped by as much as 14 percent. Effective October 1, 2011, the temporary mortgage loan limits that allowed for non-jumbo loan sizes of up to $729,750 are no longer. $729,750 is above the “normal” loan limit of $41...

The government is confirming what the private sector has already shown — home values are on the rise. San Antonio home inventory remains stable. The Federal Home Finance Agency’s Home Price Index shows home values rose 0.8% in July. July marks the fourth straight month that home values climbed a...

Despite the lowest San Antonio Mortgage Rates of all-time, San Antonio Home buyers are slowing the pace at which they’re buying homes. According to the National Association of REALTORS®, on a seasonally-adjusted basis, the Pending Home Sales Index fell 1 percent in August. The Pending Home Sales ...

  Standard & Poors released its monthly Case-Shiller Index this week. The Case-Shiller Index measures home price changes from month-to-month, and year-to-year, in 20 select U.S. cities. It also reports a “national” index; a composite of the values in said cities. The most recent Case-Shiller Inde...

Are San Antonio Home resales rebounding? According to the National Association of REALTORS®, Existing Home Sales rose 8 percent in August from the month prior, and 19 percent as compared to August of last year. “Existing homes” are homes that are previously owned; ones that cannot be considered ...

According to the Census Bureau, the number of new homes sold slid for the fourth straight month in August, easing 2 percent from July. On a seasonally-adjusted, annualized basis, home buyers bought 295,000 newly-built homes last month. August marked the lowest new home sales tally since February....

Mortgage markets improved last week as the Federal Reserve provided new market stimulus and the Eurozone continued to grapple with Greek’s sovereign debt issues. Conforming mortgage rates fell in San Antonio Texas last week overall, dropping for the second straight week. For rate shoppers, the be...