Donna  Yates, Associate Broker, GRI
North Georgia Real Estate
Donna Yates Opens Doors for YOU in the North Georgia Mountains - 706-633-0644
Donna  Yates, Associate Broker, GRI

                      http://www.move2northgeorgia.net  Donna Yates, Realtor®


Blue Ridge Real Estate, North Georgia, Finance Your Home, Loan Information


 

 

Financing, Loan Options, Mortgage Interest Rates,Pre-Qualification
 

Home Buyers looking for North Georgia Real Estate, Low Interest Rates,

Prices and interest rates are the lowest in years and inventory is high so lots of options for home buyers and investors.  Let's start looking for your perfect mountain home right away.  And at the same time, I can get you pre-qualified with the best mortgage option for you and have that worry out of the way.  Home buyers will agree, it's certainly worth looking into.

Example - $300,000 loan at 5.35 is $1656 per month.  The same loan amount at 4.7 saves $100 per month!  Do youself a favor and contact me. 


Here is a look at the rate movement we have seen on the 30-year fixed rate since early April. This drop in rates could have a significant impact on someone who previously locked with another lender and is still waiting to close.


Mortgage Rates - Freddie Mac National Average

 

 

 

 

 

 

 

 

Mortgage Industry and Economic News

Congress fixes Wall Street - and orders up 68 Studies 
CNN Money
In Washington, there's a code phrase for the middle ground that lawmakers find after a torrent of industry lobbying or partisan debate: "Let's do a study." The Wall Street reform bill may be the most extreme example: The legislation, which could become law later this month, orders government officials to conduct some 68 studies, according to a CNNMoney analysis.
 
U.S. government bond yields are signaling almost no chance of the economy slipping into another recession even as stocks and commodities tumble, according to research from the Federal Reserve Bank of Cleveland. The 2.34 percentage point gap between yields on two-year and 10-year Treasuries is more than double the 20-year average and about the same as in 2003, just before gross domestic product rose 3.6 percent. The so-called yield curve suggests growth won’t slow to less than 1 percent and about a 12 percent chance of a recession in the next year, Joseph G. Haubrich, head of the banking and financial institutions group at the Cleveland Fed, and Kent Cherny, a researcher, wrote in a July 1 report.
 
The job market and economy need a serious jumpstart, but the stimulus program likely won't be able to do it. This summer will be the peak of the $787 billion stimulus program in terms of creating jobs and pumping money into the economy. In fact, the Obama administration is calling it the Summer of Recovery because more than 30,000 miles of highways are being improved, more than 2,800 water projects have been started and 120,000 homes will be weatherized.
          
The financial crisis that erupted at the end of 2008 predictably wreaked havoc on consumer loan portfolios at some of the nation's largest banks last year — but, as detailed numbers show, there's more to that story.  Many financial institutions put the brakes on lending out of necessity to protect their dwindling capital levels, while consumers and businesses hunkered down in the midst of the recession, afraid to take on more debt in such an uncertain economic environment.
 
Chronically high unemployment is disrupting what once used to be easy math: the tight correlation between joblessness and souring credit-card loans. For years, the rate at which credit-card companies write off loan balances has shadowed the unemployment rate. An out-of-work borrower, of course, tends to fall behind on payments. But for months now, some U.S. card issuers, such as American Express Co., Capital One Financial Corp., J.P. Morgan Chase & Co., Bank of America Corp., Citigroup Inc. and Discover Financial Services, are reporting improving credit trends despite stubbornly high unemployment rates. Issuers of plastic are also seeing a bump in earnings from whittling down their loss reserves, a trend that's expected to continue this year.

 

 

 
07/07/2010eeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee
 
                           5/1 ARM             7/1 ARM
Conventional               3.25                     3.50
 
Conventional    30 year fixed      15 year fixed
                                      4.375                   3.875
 
GREAT RATES FOR DISTRESSED PROPERTIES
FHA 30 YEAR FIXED 4.625%...3.50% DOWN
 
USDA LOANS AVAILABLE AT THIS TIME…MANUEL UNDERWRITING THROUGH THE GOVERNMENT RATES ARE RUNNING 4.875%ON 30 YEAR FIXED WITH NO MONTHLY MORTGAGE INSURANCE
 
 

 
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Donna Yates, REALTOR®
706-633-0644 cell   or   706-632-7311 x252 ofc


PRE-QUALIFY
 
 
EMAIL DONNA


Coldwell Banker High Country Realty
274 West Main St.
Blue Ridge, GA  30513

 
 

 

How Much Can You Afford?


 114 Foxfire Lane is For Sale
Our calculators will help you determine loan amounts, mortgage qualification, affordability or whether you should be renting or buying.

Complete the fields below and click Calculate Now. To view the results of each calculation, click on the various tabs.  To email yourself a copy of the results, click the Receive this Detailed Analysis link.

 
Required
Term In Years:     
Interest Rate:      %
Cost of Home:  $
Down Payment:  $
Annual Insurance:  $
0.43%of Cost
Annual Property Tax:  $
1.2%of Cost
Monthly Income:  $
Monthly Debt:  $
Optional
Gross Debt Service Ratio (GDS):     
Total Debt Service Ratio (TDS):     
Condos Fees:  $

Results
  Receive this Detailed Analysis


Mortgage   Qualification   Affordability   Rent vs Buy    

Your Monthly Payments
 
Loan Amount:    
Loan Insurance ( %):
Total Loan(Mortgage) Amount:
 
Principal & Interest:    
Homeowners Insurance:    
Property Taxes:    
Condo Fees:    
Monthly Loan Insurance (%):    
Total Monthly Payment:    
 



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Donna Yates, Realtor®, GRI
Associate Broker
706-633-0644 cell
678-439-1154 cell  

http://www.move2northgeorgia.net

EMAIL DONNA

Coldwell Banker
High Country Realty
706-632-7311 x252 ofc

274 West Main St.
Blue Ridge, GA  30513

DRIVING.DIRECTIONS

 

Coldwell Banker High Country Realty, Blue Ridge Georgia

 

Donna Yates earns Graduate Realtor Institute GRI Designation

 
                      

*** Donna Yates "Opens Doors for YOU in North Georgia" *** move2northgeorgia.net ***

   

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