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Laron McClelland's Blog


Interest Rate Increases
Updated Oct. 9, 2013
"They're going up because there's some talk that the Fed might be ending QE3, quantitative easing No. 3, and they may be ending it soon. Everybody knows that when the Fed stops depressing these prices that we are going to see interest rates go up. The question is do they go up where they were in 1993, which...
Will U qualify?
Updated Oct. 9, 2013
Lenders have plenty of money to dole out, but you must meet their criteria to get it. Your down payment and your credit score will guide their decision and determine your interest rate. To get a conforming loan of less than $417,000 backed by Fannie Mae or Freddie Mac, you'll need a minimum down payment of 3% to...
FHA Delays
Updated Oct. 9, 2013
During the shutdown in 1995, the government's closing of the FHA delayed the process of 10,000 home loans. Most lenders will more than likely continue with apps assuming that the funding will eventually come through. The delay would cause problems for buyers who have already given notice to current...

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