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We have all heard of the stock market and watched during the news as reporters give a brief synopsis of the current state of the economy. However, this does not always reflect the situation for home buyers or home owners.  What many are not accustomed to hearing about is the Bond market and why prospective home buyers or home owners looking to refinance should pay particular attention to the Bond Market.

Housing Market in General

After months of rapidly inflating sales and home prices, the market began it’s adjustment in September. Home sales dropped 1.9% in September from their 5.39 million in August to 5.29 million.

Over the last several months, we’ve seen some very dramatic roller coaster rides for the economy and mortgage interest rates. Between the Federal Reserve threatening to begin pulling out of the bond market and the political battle over the Affordable Care Act, the debt ceiling, and keeping the government fully funded; the market has been having a tough time staying reliable.

As a team of United States Veterans, Creekside Mortgage is proud to announce the addition of United States Navy Veteran Joe Kuziel!

Joe graduated from the US Army Special Operations Combat Medic Course and then served in the Navy as a Reconnaissance Corpsman for the 2nd Force Recon Co during Operations Iraqi Freedom and Enduring Freedom. Joe was a Parachutist and a Diver.

The Shutdown and Debt Ceiling

Tuesday marked 8 straight days of the government shutdown, and with an unpredictable end and a looming national debt default, the market is hunkering down and bracing for a big economic storm.

This month several people in our office have committed to a no sweets challenge until Halloween! We were so impressed by this goal that we wanted to share it with all of you, and invite you to join us.

While it’s completely up to you for how strict you want to be, below you will find some guidelines we are planning on following.

What will happen with mortgages in light of the Government shutdown?

The stock market suffered Monday as it anticipated the government shutdown. Then what the market feared, actually happened, and the result, the market improved as of Tuesday morning, mortgage interest rates had remained mostly unchanged.

What is the benefit of doing a VA loan versus a conventional loan. We often think of VA loans, which are designed for active duty military and United State Veterans, as a loan that gets you a better rate. While this is usually the case, there are several other reasons that a VA loan is the right way to go.

For most people, buying a home is a very important decision that is only made a few times in a lifetime. So how is the average person supposed to know all the possibilities and options available when buying a home? You simply can’t because it’s not your job, and that’s why we highly recommend using a realtor.

Summer is coming to an end and while it may be sad, it has brought some pretty nice changes in the market. Ok, we’ll be the first to admit that the start of Summer brought some very unpleasant changes including a drastic spike in interest rates. But with Summer winding down and Fall starting on the 22nd of this month, we did see some improvements.

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