Dayton Ohio Real Estate and Mortgages Information

Why choose a Dayton Ohio Mortgage Broker instead of a Mortgage Bank?

Dayton Ohio Mortgage Brokers will provide you with:

• Choices
• Convenience
• Knowledge

Actually according to National Association of Mortgage Brokers, NAMB, brokers originated over 50% of all loans in 2004.  In more recent years the numbers are closer to 65% says Bankrate.com.  A bank only has the ability pick from their own loan programs while Dayton Ohio Mortgage brokers can pick from hundreds of bank programs, from hundreds of banks, even local banks.  Dayton Ohio Mortgage Brokers have made it possible for so many more families to own Dayton Ohio Real Estate.  Take a look at Dayton Ohio Real Estate Market Update: Total market overview to see the state of Dayton Ohio Real Estate.

Dayton Ohio Mortgage Brokers get wholesale rates?

Most people think that means that since Dayton Ohio Mortgage Brokers are playing the "middle man" that means that the borrower pays higher fees.  That is simply not true.  Dayton Ohio Mortgage Brokers typically gets better rates from the local bank than you can for a few reasons:

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As always, thanks for reading and please feel free to contact us with any questions at 937-353-4600 or Mark@MarkRyanGroup.com

This past month the Federal Reserve has cut rates by 1.25%. Most people think this means that now is a great time to refinance your Dayton Ohio Mortgage or invest in Dayton Ohio Real Estate.

Dayton Ohio Mortgage Rates hit 3 year low:

Unfortunately the federal funds rate does not directly affect the 30 year fixed rate mortgage on your Dayton Ohio home. Although changes in it, especially unexpected ones, can impact Dayton Ohio Mortgage rates temporarily. For example when the Fed made an emergency .75% rate cut the Dayton Ohio mortgage rates hit a 3 year low... for about 6 hours.

Dayton Ohio Mortgage Rates vs. Fed Funds Rate:

The federal funds rate is actually the overnight lending rate. Sounds simple right? Many people automatically think that if the Fed drops the rate than Dayton Ohio Mortgage Rates are dropping. WRONG! The Fed fund rate influences short term rates and I am not talking about adjustable rate mortgages (5 and 7 year arms). The fed funds rate affects certain types of Dayton Ohio Mortgages such as home equity loans, credit cards and other short term loans like car and persornal loans. It can also effect CD's, savings account rates and money market accounts but will not have a direct affect on Dayton Ohio mortgage rates.

The 10 year bond and Dayton Ohio Mortgages:

Dayton Ohio Mortgage Rates follow the US treasury bond rate, particularly the 10 year bond. Dayton Ohio Mortgages track US Treasury bonds quite well. There is no direct relationship but if you compare the two side by side you will see a correlation. See the cart below from HSH.com.

For the most part you can count on a few things:

1. Dayton Ohio Mortgage Rates tend to follow the 10 year Treasury Bond.
2. Unless the Federal Reserve does something un-expected your Dayton Ohio Mortgage rates will not be affected.
3. If inflation is anticipated by anyone with some credibility Dayton Ohio Mortgage Rates will rise.
4. So if you are counting on a FED rate cut to save you from foreclosure, it won't help... a Short Sale may be what you need. Read Short sale steps: how to avoid foreclosure.

If you want to know more about the Dayton Ohio Real Estate market you can read about it at: Dayton Ohio Real Estate Market Update: Total Market Overview . Some other things that you can look for when it comes to the Dayton Ohio Mortgage Rates are first time home buyers loans and some HUD incentives especially for Ohio Home buyers.

As always, thanks for reading and please feel free to contact us with any questions at 937-353-4600 or Mark@MarkRyanGroup.com

As always, thanks for reading and please feel free to contact us with any questions at 937-353-4600 or Mark@MarkRyanGroup.com

Can you to save almost $45,000 on your next home?

Would you be surprised to learn that one of my clients DID JUST THAT... we were able to negotiate for them a price $44,780 below the new build spec sheet cost for their brand new home!  Best deal in Dayton Ohio real estate... not sure but it was sure a great one!  These were wonderful clients being PCS to Wright Patterson Air Force Base and wanted to live close.  They are very close to Wright Patterson Air Force Base AND got a fantastic deal on their first home.  If you or someone you know is thinking of buying a home in the Dayton Ohio area or moving to Wright Patterson Air Force base they need to call and let us help them as well.

Building a new home in the Dayton Ohio real estate market?

Searching for a Dayton Ohio home for sale?  Thinking about building in the Dayton Ohio real estate market?  Custom builder or production builder?  There are so many choices... Have you heard the news about Beazer homes? 

Beazer homes has been building homes in the Dayton Ohio real estate market for years but will be exiting the Dayton Ohio market as well as several others in a cost cutting move.  If you are searching for homes in Dayton Ohio or by Wright Patterson Air Force base and were thinking of building a new home you need to at least consider Beazer homes.  While Beazer homes will not be starting any new construction, they will complete the construction of homes already under construction, as well as, sell any existing "market homes".  You can search homes for sale in Dayton Ohio that are Beazer homes market homes HERE. 

While Beazer homes may be leaving the Dayton Ohio real estate market they will continue operations and will support the existing homes in and around the Dayton Ohio real estate market.  Beazer homes will support warranty issues out of the Cincinnati area offices through June of 2009 and will then support any warranty issues after that out of their Indianapolis, IN offices. 

While you can get great deals on new Beazer homes there will be no accepted offers with contingencies.  So if you have a home to sell or other issues preventing a non contingent offer we will have to help you find other homes that are a great value.

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As always, thanks for reading and please feel free to contact us with any questions at 937-353-4600 or Mark@MarkRyanGroup.com