Mortgage Loan Activity Drops 20.3%
November 6, 2008
The number of Americans seeking a mortgage to purchase a home or refinance an existing loan fell more than 20% last week, according to a weekly report issued today by the Mortgage Bankers Association (MBA).
How are Mortgage Interest Rates Affected by the Presidential Election
November 6, 2008
With change on the horizon after last night's election, it's only natural to wonder what “change” will come to the mortgage market as a result. Furthermore, what change to mortgage interest rates have U.S. elections stirred up in the past? We always hear rumblings about mortgage interest rates dropping after an election, but is there any truth to it? Should you refinance now, or wait it out a couple months for rates to drop? In order to find out, some number crunching is in order.
Top 9 Conservation Tips for Winter-Time Home Selling
November 6, 2008
If your home is on the market during the winter season, potential home buyers will have your home’s energy efficiency at the top of their mind. Here’re a few tips to make your home more attractive to conservation-minded buyers.
Fed Funds Rate Drops to 1%, Near Lowest in U.S. History
November 6, 2008
Breaking financial news: The Federal Open Market Committee (FOMC) announced today that it has dropped its Fed Funds rate to 1 percent–near the lowest it's been in U.S. history. Will it impact mortgage rates?
New Home Sales Post Slight Gain in September
November 6, 2008
The U.S. Census Bureau and the Department of Housing and Urban Development announced today that sales of new, single-family homes in September rose 2.7 percent compared to August’s numbers.
Existing Home Sales See Largest Increase in 13 months
November 6, 2008
The National Association of Realtors announced today that existing home sales in September increased 5.5 percent as compared to August 2008.
Hope for Homeowners - will it stop foreclosures?
November 6, 2008
Is Hope for Homeowners really a ray of hope or just another loan program that doesn't make sense for anyone?
Mortgage Loan Activity Decreases 16.6%
November 6, 2008
The number of Americans seeking a home mortgage to purchase a home or refinance an existing loan decreased 16.6% last week, according to a weekly report issued today by the Mortgage Bankers Association (MBA).
Why the Reverse Mortgage Market is Booming… New Loan Limits Could Be to Thank
November 6, 2008
What’s so great about Reverse Mortgages? Senior homeowners want to know… and quite frankly, so do their kids. Right now, reverse mortgages are gaining popularity among senior homeowners. But why? Could it be because of the FHA's announcement of new loan limits?
Single-Family Housing Starts Decrease 12%
November 6, 2008
The number of new residential construction starts fell 12 percent in September, according to a monthly report issued jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.
Mortgage Loan Activity Decreases 16.6%
November 6, 2008
The number of Americans seeking a home mortgage to purchase a home or refinance an existing loan decreased 16.6% last week, according to a weekly report issued today by the Mortgage Bankers Association (MBA).
Why the Reverse Mortgage Market is Booming… New Loan Limits Could Be to Thank
November 6, 2008
What’s so great about Reverse Mortgages? Senior homeowners want to know… and quite frankly, so do their kids. Right now, reverse mortgages are gaining popularity among senior homeowners. But why? Could it be because of the FHA's announcement of new loan limits?
Single-Family Housing Starts Decrease 12%
November 6, 2008
The number of new residential construction starts fell 12 percent in September, according to a monthly report issued jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.
Mortgage Rates Predictions
November 6, 2008
There are a few common questions that mortgage professionals hear over and over again. It doesn’t matter what the market is doing or if the economy is booming or tanking. The questions are the same.
Mortgage Loan Activity Increases 5.1%, Led by 12.5% Spike in Mortgage Refinancing
November 6, 2008
The number of Americans seeking a home mortgage to purchase a home or refinance an existing mortgage increased 5.1% last week, according to a weekly report issued today by the Mortgage Bankers Association (MBA).
Top Seven Tips to Make This a Green Fall
November 6, 2008
Summer is now a thing of the past and fall is upon us. In parts of the country, you may already have turned on your furnace during cold nights. In many northern U.S. states, temperatures have already dipped into the 40s and high 30s. Cold weather is coming and now’s the time to get ready. It’s especially important this year, with energy costs at record highs. But don’t worry, it’s not all hopeless and bad news.
Federal Reserve Initiates Emergency Rate Cut
November 6, 2008
Early this morning the Federal Reserve, in conjunction with the European Central Bank, Bank of England, and Swiss, Canadian and Swedish banks, initiated a ½ point global rate cut in an effort to calm roiling global financial markets.
A Solution That Works - Quicken Loans Chairman Dan Gilbert’s Proposal To Fix The Housing Crisis
November 6, 2008
We'd like to offer a solution for the housing crisis straight from the Quicken Loans Chairman, Dan Gilbert. For the full story and to get involved, please visit www.ASolutionThatWorks.com.
$700 Billion Bailout Approved With Some Changes
November 6, 2008
Early this week, it seemed like Congress would never come to an agreement about the much-buzzed-about financial bailout. But there was a meeting of minds today and one of the most historic Government moves of all time was set into place.
Uncle Sam Rescues Fannie Mae and Freddie Mac - Quicken Loans Podcast Series
November 6, 2008
Welcome to the latest in a new series of audio news stories from Quicken Loans Relationship Marketing Manager Mark Smith. Today's podcast is titled “Uncle Sam rescues Fannie Mae and Freddie Mac” and details the Federal Government's bailout of mortgage giants Fannie Mae and Freddie Mac.