Month: February 2013

How to Play the Rate Lock Game

How do Mortgage Rates Work? There are some things that are way beyond our control.  One of those things is mortgage rates.  Mortgage rates fluctuate all the time.  They fluctuate many times a day sometimes.  They fluctuate based on the financial markets.  The better the financial markets get the worse rates get as a general… Read more »

FHA MORTGAGE INSURANCE PREMIUMS TO GO UP APRIL 1ST!

Unfortunately, FHA has recently announced some change to the FHA mortgage insurance premiums for all new FHA loans starting April 1, 2013.  It just seems as if FHA continues to raise the mortgage insurance premiums to try to get it back in line so the program remains self funding.  Unfortunately, the reason behind these changes… Read more »

UNLIMITED LTV FREDDIE MAC HARP REFINANCE IS HERE!

Unlimited LTV Freddie Mac HARP refinancing through the Open Access Refinance Program.  HARP Open Access assists borrowers who are making timely mortgage payments, but have been unable to refinance due to declining home values. The program helps home owners to better their financial positions for successful, long-term, home ownership. The program has recently been adjusted to allow… Read more »

5 VALENTINE IDEAS WHICH SAY I LOVE YOU TOO YOUR SWEETIE

Valentines Day is right around the corner so we thought it would be fun to talk about our significant other and what we can do for them.  People have a love hate relationship with this holiday.  Some people simply call it a “Hallmark Holiday” where other fell it is an important day to reconnect with… Read more »

WHAT TO EXPECT FROM MORTGAGE AND HOUSING in 2013

Here we are already into the halfway point of February.  My how time flies when you are having fun.  Now that we have one and half months of data we can start to figure out what is going on in the 2013 housing market.  Are we picking up steam or are we losing ground.  This… Read more »

Changes to the Postal Service | Stamp Prices Rising | No Saturday Mail Delivery

The United State Postal Service has been making some major changes to help reduce their exorbitant losses they have been suffering.  Last year alone the USPS reported losses of 15.9 billion dollars for the fiscal year end on Sept 30th. That amounts to losses of $43,561,643.84 each day of the year!  These losses clearly cannot… Read more »