Fed’s Action to Save Fannie Mae and Freddie Mac Lowers Mortgage Rates
September 14, 2008
When the government took control of mortgage giants Fannie Mae and Freddie Mac this past week, a funny thing happened. The Financial Markets liked the move. The result? Mortgage rates are down!
Plummeting Mortgage Rates Trigger Jump in Mortgage Loan Activity and FHA Loans
September 14, 2008
Rapidly falling mortgage rates are bringing consumers seeking a mortgage out in droves, according to the report released today by the Mortgage Bankers Association. The association’s Weekly Mortgage Applications Survey, which measures week-over-week volume of people applying for a mortgage to either purchase a home or refinance an existing mortgage, showed loan application activity increased 9.5%.
The Government, Fannie Mae & Freddie Mac - What Does It All Mean?
September 14, 2008
If you were near a TV or computer this weekend, you know that after weeks of buzz, the government took control of mortgage giants Fannie Mae and Freddie Mac. But unless you like studying charts and following stocks, you might not know who those oddly-monikered companies are and what this news means to you.
History Proves Current Mortgage Rates Are Near Historic Lows
September 14, 2008
While mortgage rates may have increased slightly over the past four years, they’re still the lowest they’ve been over the course of 25 years. So while we may be hearing that mortgage rates have increased, it’s still an excellent time to purchase or refinance with a low mortgage rate.
Surge in FHA Loans Leads Jump in Weekly Mortgage Loan Activity
September 14, 2008
A greater number of people applied for a mortgage loan to purchase or refinance a home last week than the one that preceded it, continuing a recent wave of positive economic reports regarding housing.
Improving Your Credit Score - Simple and Easy Steps
September 14, 2008
Anyone who has been watching the news for the last year knows it is tough to get financing for a home. Well, kind of. The truth is that people with large down payments – say 20 percent or so – and good credit will have no problems getting financing. But what if you aren’t blessed with cash and credit?
Mortgage Loan Activity Up; FHA Loans Surge
September 14, 2008
The number of Americans seeking a home mortgage to purchase a home or refinance an existing loan increased 0.5 percent last week, according to a weekly report issued today by the Mortgage Bankers Association (MBA).
Rise in New Home Sales Welcomed Sign for Housing Market
September 14, 2008
The sale of newly constructed homes in the month of July rose 2.4%, according to a report issued today by the United States Census Bureau. This follows a report issued Tuesday by the National Association of Realtors indicating that July sales of previously owned homes hit a 5-month high.
Existing Home Sales Hit 5 Month High Thanks to FHA Loans
September 14, 2008
The National Association of Realtors announced today that Existing Home Sales rebounded in July to a 5-month high. The report, which measures the month-over-month sale of previously owned homes, indicated sales of such homes increased 3.1 percent possibly influenced by FHA Loans.
Selling Your Home This Fall? Get the Tips You Need to Sell in a Buyer’s Market.
September 14, 2008
Selling your home this fall? Historically, the fall season brings on slower home sale activity. Here's how to make your home the highlight of the house-hunt. While curb appeal is still very important, what you do on the inside of your home can be equally as powerful.