Daryl Mitchell's Blog

Single-Family Housing Starts fell for the second consecutive month, dropping to a seasonally-adjusted, annualized 417,000 units in August 2011. A “Housing Start” is defined as a San Antonio home on which ground has broken. We shouldn’t put too much faith in the findings, however. Although housing...

WASHINGTON – Fixed mortgage rates hovered at record lows for a third straight week. They are likely to fall even further now that the Federal Reserve said it would shuffle its holdings to drive down long-term interest rates.   The average rate on the 30-year fixed San Antonio Mortgage was unchang...

This article is from: San Antonio Business Journal, This is great news for San Antonio, Texas! Date: Wednesday, September 21, 2011, 10:58am CDT Related: Health Care Enlarge Image   The San Antonio Military Medical Center will soon become the largest military hospital in the Department of Defense....

by Daryl Mitchell Wednesday, the Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent. The vote was 7-3 — the second straight meeting at which the FOMC adjourned with as many 3 dissenters. Prior to that last meeting, the...

  Debt ratio of outstanding balance to available credit is important.  Keeping that below 50% is wise and below 30% even wiser.  It is never a good idea to close an account; the debt ratio will go up and the number of seasoned lines will decrease.  Pay outstanding debt down as close to zero as po...

 by Daryl Mitchell Homebuilders are feeling worse about the market for new homes nationwide. With San Antonio construction credit tight and competition from foreclosures increasing, the National Association of Homebuilder’s Housing Market Index slipped 1 point in September, falling to levels just...

by Daryl Mitchell on September 19, 2011  Mortgage bonds worsened last week as Eurozone default fears eased abroad, and expectations for a domestic stimulus increased.  San Antonio Mortgage rates rose for the first time in three weeks last week, pushing conforming and FHA mortgage rates in Texas ...

      It’s not just 30-year fixed rate San Antonio Mortgages that are posting all-time lows these days. The 15-year San Antonio Mortgage has been plunging, too. If you’ve ever considered a 15-year loan term, it’s a terrific time to talk to your lender. According to Freddie Mac’s weekly mortgage ...

On an annual basis, National and San Antonio Foreclosure Filings fell last month. As compared to August 2010, last month’s foreclosure filings dropped 33 percent. ”Foreclosure filing” is a catch-all term, comprising default notices; scheduled auctions; and bank repossessions. The study was publi...

    There are 3 main reasons you would want to refinance your home: 1.) You are in an ARM (Adjustable Rate Mortgage) and would like to be on a fixed mortgage.2.) You would like to take cash out of your home equity for debt consolidation, investing, or for any other reason.3.) Your current mortga...