Erin Griffin's Blog

I feel like a broken record, and the market is proving me to be a liar. I keep thinking we cannot go any lower in rates, and bam! here we go again. So how did we arrive at this juncture? Well, the markets are a fickle and sensitive place right now. Some buzz words as of late to create a stir: Eur...

Housing Starts Highest Since October 2008! Is this a good sign? Well initially yes, progress is fantastic, however, building permits declined. To read more: Always seems to be a little bad with the good news. So how did this affect our interest rates? As of this morning, rates remained at all tim...

Beginning June 1st, mortgage lenders are likely to order a second full credit screening immediately before closing. This report will be designed to find out whether the borrower has obtained, or even shopped for, new debt between the date of the loan application and the closing. If they have made...

The housing tax credit is officially over, foreclosures continue to increase, home values remain low, stock market is crashing again; so is there anything positive ahead? I suppose it depends on who you ask! As far as the real estate market, and in this professional’s opinion, yes there is much ...

Currently, the FHA approval process for condo buildings offers two dimensions for current homeowners and homeowners associations. Two types of FHA approval exist, DELRAP and HRAP. Questions and confusion abound regarding this issue so here are a few details to begin helping you navigate through ...

Spring is Coming...   FHA - Arrives With a Vengeance - Good or Bad? Maybe Both. This Affects Condo's Only! Although there is a lot of discussion and further changes are expected FHA has drastically altered the condo approval guidelines.  As of Feb. 1st, 2010 all condo projects must be FHA approv...

Green New Year's Resolutions - Simple, Cheap, and Easy! I wish you every happiness this Holiday Season and prosperity in the New Year. Thank you again for supporting me in these crazy times, I appreciate every referral. Be safe and warm this evening! Here are a few SIMPLE Green resolution ideas f...

The uncertainty and confusion surrounding the mortgage and real estate markets are quite extraordinary. Obviously questions arise on a daily basis from people regarding the actual truths. The media does not accurately portray the reality of the market; if you do not want to speak with me I highl...

HALLOWEEN AFTERMATH! Well with bellies bulging and teeth aching from too much candy this Halloween, it’s time to refocus on the year to come. 2010 is looming as the beginning of the recovery: job increases, housing market improvement, new construction starts, steel mills opening (ok well maybe no...

Last week proved to be very busy week, with the end result being a very positive move in interest rates. The decrease in interest rates is due to negative data exceeding expectations for August's Existing Home Sales and New Homes Sales reports. Existing-home sales posted an unexpected 2.7% declin...