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Wednesday, October 3, 2018

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WE ARE A LOCAL GEORGIA MORTGAGE BROKER

Contact us for a pre-qualifacation letter or an Estimate of Costs with the latest rates

 

Phone - 678-947-4204

Cell - 678-523-1021

Fax - 678-935-3987

bcuris@southernequitymortgage.com

 

A Georgia Residential Mortgage Licensee

GA License # 19880

NMLS # 151260

6820 Black Fox Lane, Cumming, GA  30040

 

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Wednesday, October 3, 2018

 

Georgia Residential Mortgage Broker
 
- low rates & low cost and fast close. 
 
- Call today for no obligation quote!! 678-947-4204
 

 

 

Market Update

 

 

 

The rise in US home prices has been impacted by increasing mortgage rates, which has dampened demand over the summer. In figures published Tuesday, CoreLogic says that home prices gained just 0.1% in August compared to July, while the year-over-year growth was 5.5%. However, the firm forecasts that prices will decrease 0.4% from August to September 2018 and slow to an annual rate of appreciation of 4.7% through August 2019.

“The rise in mortgage rates this summer to their highest level in seven years has made it more difficult for potential buyers to afford a home,” said Dr. Frank Nothaft, chief economist for CoreLogic. “The slackening in demand is reflected in the slowing of national appreciation, as illustrated in the CoreLogic Home Price Index. National appreciation in August was the slowest in nearly two years, and we expect appreciation to slow further in the coming year.”

Sellers still playing the waiting game - Although the national figures suggest cooling, most markets continue to see prices rising and that’s leading potential sellers to wait for higher returns.  CoreLogic’s data shows that among the top 50 markets based on housing stock, 46% were overvalued, 12% were undervalued and 42% were at value.

 

 

Southern Equity Mortgage Services, has been assisting clients with mortgage financing since 2005.  As the owner/operator - William Curis, I'm  committed to you the customer, from the start in providing accurate quotes to locking in the most competitive rate/cost and finally making sure the funds are there when you close the loan.  I'm available 24/7 so call/email or text me @ 678-523-1021.

Check out our Customer Testimonials link ... surveys customers fill out about our performance. 

Thanks so much for your business!!

Bill Curis   

 

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