New Home Buyers: Houston Home Builders are offering price discounts of 5% to 30% this summer! Sound ridiculous? It’s the reality of the 2009 New Homes Market in Houston. Find out how we got here, what to expect, and how to find the best deals.

Mortgage rates drop by a full 1% since early November. What does that translate to for home buyers? Just about a 10% reduction in monthly mortgage obligation. Or for some buyers, it means they can afford to finance around 11% more home. Take a look at the real implications of the recent rate drop.

Many of you reading this may be familiar with the recent passing of the Housing and Economic Recovery Act of 2008.  You may click here to read my previous blog posting to get a basic understanding of how this newly passed law effects you. One of the major provisions provides a $7,500 tax credit to [...]

It’s official, as of Oct. 1 2008, the beloved days of 100% financing are now dead. President Bush signed historic legislation on July 30th that boosts mortgage finance companies Fannie Mae and Freddie Mac and authorizes a $300 billion expansion of Federal Housing Administration loan guarantee programs. The mortgage industry has seen significant changes over [...]