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Federal Reserve chairman Ben Bernanke announced today that they may be easing the quantitative easing programs as early as this year. This program includes the purchases of mortgage backed securities (MBS) which are the packaged residential mortgages sold by banks and mortgage companies. The slowing of these purchases would take affect if the unemployment rates… Read more »
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Category: Local Michigan
News and Updates in our home turf Grand Rapids, MI.
WHAT IF THE SKY REALLY IS FALLING? AM I COVERED IF A METEOR HITS MY HOUSE?
When you think about the chances of having a meteor hit your home the odds are quite slim but what if you were having an inordinately unlucky date and you come home from work to find your home laying as a pile of wood and brick because a meteorite hits your home. Would your insurance… Read more »
How to get a Low Rate Mortgage: April Mortgage Rates
April Showers Low Mortgage Rates Another month has passed by as we enter the month of April. For those buying a home or in the process of refinancing their mortgage you may be wondering what is in store for mortgage rates in April. While quantitative easing continues with the Fed purchasing 85 billion dollars in… Read more »
JOBS REPORT AND MORTGAGE RATES
One important financial which really helps shape the interest rate mortgage market is the jobs report. This is a report that comes out once per month and is considered by most to be the main economic report for the economy. Since 2010 the general trend in this job report has been a slow and steady… 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 »
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 »
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