Tuesday, December 26, 2017 / by Shane Anderson
I get a lot of new buyers asking if they should be pre-approved for a loan first before starting to look for a home. You do not need to be pre-approved for a loan to start your search, but it is highly recommended.
When you get pre-approved for a loan it helps us know what price range your search needs to be in. If you have been pre-approved for a loan for $300,000 we do not need to look at homes in the $400,000 range. It also helps the lender know what loan programs you qualify for. This can determine the down payment you will need and any assistance programs you may qualify for. Getting pre-approved for a loan also lets us know how well your credit score is. Sometimes there are things on a credit report that the buyer did not know was on there, or they need to do a little work on their credit before they can be pre-approved for a loan. Finally when you find the prefect home we don ...
Tuesday, December 19, 2017 / by Shane Anderson
The stock market advanced to new highs in anticipation both houses of Congress would reach an agreement on a tax cut bill. It appeared on Friday the reconciliation process had run its course as House Ways and Means Chairman Kevin Brady stated the conference committee had completed its negotiations. It now appears the Republican controlled congress has enough support to pass their tax reform bill with a final vote taking place sometime this coming week.
Bond yields were largely unchanged for the week although 10-year Treasury yields slipped a little lower on softer than expected inflation numbers from the release of November’s Consumer Price Index (CPI). The November CPI came in at 0.4% as forecast but the Core CPI, which excludes volatile food and energy prices, was reported to have increased just 0.1% versus a consensus forecast of a 0.2% increase. Els ...
Friday, December 15, 2017 / by Shane Anderson
I recently ran a report on Anne Arundel County to see how the market was doing and I included the report below. We are down 9% from last year of houses being put on the Market. The unemployment rate for Anne Arundel County has gone down to 3.52% and the medium household income has gone up as well. If you need more information for Anne Arundel county or the surrounding counties please send me an email or give me a ring.