Home > Uncategorized > Make sure you are dealing with local Nevada real estate and mortgage professionals.

Make sure you are dealing with local Nevada real estate and mortgage professionals.

702-604-7739 – http://www.BallenGroupHomes.com – Las Vegas Homes for Sale – Las Vegas Real Estate Team at Keller Williams Realty Las Vegas

You Need an Industry
Expert in This Market


In today’s real
estate market, it is easy to get confused. There seems to be an overabundance
of information and much of it seems to be conflicting. As an example, we
offer you two headlines that appeared within 24 hours of each other last
week.

National Delinquency
Rate Falls to Lowest Level in Three Years

– Mortgage Bankers Assoc.
11/17/2011

Second Consecutive
Increase in First Mortgage Default Rates

– Standard & Poors 11/18/2011
(Remember, foreclosures impact home values and the cost of
mortgage money. This makes current delinquency rates an extremely important
data point.
)
Though these headlines seem to be
saying opposite things, both are actually correct. Each report was looking at
different data points
over different periods of
time
.
In their
article regarding the MBA report, DSNews
explains:
“Industry data released
Thursday indicates the number of borrowers in the United States behind on
their mortgage payments is showing signs of improving. The Mortgage Bankers
Association (MBA) reported that the national delinquency rate for
residential home loans fell to 7.99 percent in the third quarter.”
In their post, S&P claims:
First mortgage default
rates rose from 1.99%
in September to 2.08% in October.”

Bottom Line

Make sure you are dealing with
local real estate and mortgage professionals. They will help you and your
family decipher the hordes of information available so you can truly
understand your best options.


Advertisements
Categories: Uncategorized
  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: