Mortgages can be complicated business – fortunately, there are tons of great calculators out there that take the legwork out of trying to do all the tricky math. But as your teachers probably told you in school, it’s good to actually know how things work too. And hey, it’s never smart to rely too heavily
WHAT QE3 MEANS FOR MORTGAGE RATES As widely expected, the Federal Reserve announced “QE3” last week, a move taken to bolster the flagging economy by putting downward pressure on long-term interest rates. More specifically, the Fed pledged to purchase even more agency mortgage-backed securities (MBS) in an effort to push mortgage rates lower than already
There are many benefits of owning a home. Yet some first-time buyers are skeptical of purchasing with the uncertainty surrounding the housing market. The primary uncertainty many have about the housing market involves concern about when home values will increase.
That might seem like an obvious question, but there’s more to it than you might think. In the greater New Orleans real estate market we are blessed with a wide variety of home styles and prices. From classic shotgun houses to brick ranches there is a home style for every taste – but there’s more to the decision making process than you might think!
Occasionally you see the term “starter home” used in a less than positive light. Some people associate the term with a less than desirable property; small, possibly dated, maybe a real fixer-upper… but that’s not always the case. Starter homes are full of positives for the first time homebuyer.
Ah, New Orleans. It’s a place like no other, and offers an amazing array of neighborhoods and living experiences. From the elegance (and decadence!) of the French Quarter, to the stately homes Uptown, to arty and edgy Bywater, there’s a neighborhood for everyone looking to buy a home in New Orleans.