Refinancing in a Volatile Market

by | Nov 28, 2014 | Buffalo, NY Real Estate

From Zillow.com: Mortgage rates hit 16-month lows in mid-October, spent three weeks slowly inching up, and have now dipped back to those lows. Rates rise and fall when bond markets sell off or rally, respectively, based on how they?interpret daily economic news and...

Fear of Down Payments

by | Nov 25, 2014 | Buffalo, NY Real Estate

From Keeping Current Matters: After it was announced that Fannie Mae and Freddie Mac would again make available mortgage loans requiring as little as a 3% down payment, many people showed concern. Were we going back to the lower qualifying standards of a decade ago...

Four Reasons to Sell Now

by | Nov 24, 2014 | Buffalo, NY Real Estate

1. There Is Less Competition Now Housing supply just dropped to 5.1 months, which is under the 6 months? supply that is needed for a normal housing market. This means that, in many areas, there are not enough homes for sale to satisfy the number of buyers in that...