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What’s going on with the first time homebuyer? It is hard to decipher the recent housing number reports as all of the first time home buyer seem to be disappearing. Because of recent market changes the May housing report is at it’s highest numbers since May 2006. Bloomberg, also reported that mortgage applications have sunk… Read more »
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Category: Mortgage Tips
Mortgage Rates Higher After Stronger Then Expected Jobs Report
The all important Jobs report just recently came out and beat Wall Street’s expectations by a large margin. There were 195,000 new jobs last month and also more positive revisions to the last two months of reports. This has caused the bond markets to react negatively which in turn has raised interest rates. Some experts… Read more »
BUYING A HOME IN A SELLERS MARKET | MAY HOME SALES
May sales indicate the US housing market is blazing a trail to the best start in the past six years according to the National Association of REALTORS® (NAR). With their monthly existing home sales reports analyzed we can see that “existing” homes sold climbed to 5.18 million for May of this year. With more homes… Read more »
Affect on Mortgage Rates from Bernanke Announcement
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 »
What to do After You Get a Low Appraisal on Your Home
Mortgage Basics 101: What Is A Home Appraisal? According to the Appraisal Institute an appraisal is a professional appraisers opinion of value. In today’s mortgage and lending environment a home owner or buyer cannot get through the mortgage process without getting one of these valuable reports unless the homeowner utilizes one of the few specialized refinance… Read more »
DID YOUR CHECK FROM THE MORTGAGE SETTLEMENT BOUNCE?
Mortgage Settlement Checks Bouncing That’s right ladies and gentlemen money could be on the way. This time the money will come from the Federal Reserve. There is an unprecedented amount of money up to the tune of $3.5 billion which will be sent out by the banks to designated homeowners. Up to 4 million homeowners… Read more »
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 »
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