Rates on 30 years mortgages remain above 6%
05/08/2008
Though down slightly from a week ago, mortgage rates remained above 6% for the 3rd consecutive week according to Freddie Mac. The Mortgage giant reported that 30 year mortgages average 6.05% this week, down .01% from last.
New Home Sales Drop, State Guide Update For Mortgage Brokers
04/24/2008
More bad news for mortgage brokers and bankers as The Commerce Department reported today that new homes sales dropped 8.5% last month, representing the lowest level (slowest pace) in over 16 years. On top of this came news that the median price of new home sales dropped by the largest amount in almost 4 decades, the [...]
A subdivision bond guarantees that builders, developers, and individual landowners complete improvements made to a subdivision property. This bond, required by local authorities, usually guarantees that the improvements will be made at the expense of the developer and principal of the bond.
The subdivision bond market is a volatile for developers regardless of size. While larger developers have been able to secure subdivision bonds with ease due to political influence and deep pockets, these days the bond market is more selective. In short, today there are fewer choices of bonding companies, and agents to procure these bonds through. Because of this, it is critical to find agent who understand this market, it can make the difference between being approved or declined.
Bryant Surety Bonds, Inc represents the best carriers for sub division bonds. Because these bonds represent a large portion of our business, we are able to get clients approved who typically would be declined. Our market capacity is a perfect fit from localized builders to nationwide developers. Allow us to write a bond for you, so that you may keep your capital free for you projects, and not tied up in a Letter of Credit.
