Latest Mortgage Applications Report Shows Home Purchases Picking Up Steam
January 8, 2009
Last week, the number of Americans applying for mortgages decreased from the previous week, according to a report released today by the Mortgage Bankers Association (MBA).
New Year, Great Mortgage Rates
January 8, 2009
Bad news for the economy translates into great news for mortgage rates, which are at their lowest in years. When the economy is slow, rates are low. If you are looking to buy or refinance, the market is on your side.
Due to Low Mortgage Interest Rates, Homeowners Continue to Apply for Mortgages in Record Numbers
January 8, 2009
Undaunted by the holiday season, consumers continued to apply for mortgages in record numbers last week, according to the latest Weekly Mortgage Applications Survey, released today by The Mortgage Bankers Association (MBA).
Low Interest Rates, Low Housing Prices and Lower Down Payments - The Home Buying Stars Have Aligned!
January 8, 2009
Want to start off the New Year with some good news? (We thought so.) If your New Year’s resolution centers around buying a home, there are THREE big things going on that you should know about. The home buying stars have aligned, and they’re telling you to take advantage. Low interest rates, low home prices and low down payments on FHA loans are behind it!
Lower Mortgage Rates Lead to a Bona Fide Refinance Boom
January 8, 2009
Deck the halls with low mortgage rates, fa la la la la, la la, la la. Tis the season for lower mortgage rates, fa la la la la, la la, la la.
U.S. Mortgage Market Rebounds
January 8, 2009
A very interesting article from Forbes.com yesterday outlined how the U.S. mortgage industry is showing signs of live and recovery as a result of some of the lowest mortgage rates on record.
How the Fed Rate Cut Affects Mortgage Rates
January 8, 2009
This week, the Federal Reserve (the Fed) lowered the Fed Funds Rate to 0.25% - its lowest in history (and even zero in some cases). This has been like a defibrillator to the sluggish economy, shocking some life into the markets and spurring economic activity.
Mortgage Applications Continue Their Rally Due to Very Low Mortgage Rates
January 8, 2009
Americans continue refinancing their mortgages in massive numbers according to this morning’s Market Composite Index, released by the Mortgage Bankers Association (MBA).
Federal Reserve Slashes Fed Funds Rate to Historic Low
January 8, 2009
Confronted by a continued weakening economy, the Federal Open Market Committee (FOMC, Fed) cut its target Fed Funds rate to a target range of 0 to .25 percent, its lowest level ever.
How Do You Get the Best Appraisal? And Who’s to Blame if it Comes in Low?
January 8, 2009
How to Get the Best Appraisal and Who to Blame for a Low Valuation. Mortgage companies and mortgage bankers actually have nothing to do with the appraisal process. Appraisals are typically handled through the title company and appraisers are often selected from a network of appraisers with which the title company is affiliated. They’re an unaffiliated third party. Often times, there’s confusion because the homeowner is informed about the cost of the appraisal by the mortgage company/banker, when actually there is no mutually beneficial relationship.
Consumer Credit Declines for Second Month in a Row
January 8, 2009
U.S. consumers are continuing to have a hard time accessing credit, as seen in a Federal Reserve report Thursday, which revealed that consumer credit declined for the second consecutive month. U.S. consumer credit fell by $7.9 billion in November to …(read more)
Obama Calls for a Whole New Approach to End Crisis
January 8, 2009
President-elect Barack Obama said the ongoing crisis didn't happen by accident or through a normal turn in the business cycle, but rather it was the outcome from an "era of profound irresponsibility." He said bold action must be taken to…(read more)
Latest Mortgage Applications Report Shows Home Purchases Picking Up Steam
January 8, 2009
Last week, the number of Americans applying for mortgages decreased from the previous week, according to a report released today by the Mortgage Bankers Association (MBA).
Long Term Rates Set another Record
January 8, 2009
Long-term interest rates continued to drop during the week ended January 8 according to data released by Freddie Mac Thursday morning. The Primary Mortgage Market Survey recorded the tenth consecutive week of mortgage rate declines and the 30-year fixed…(read more)
Who, What, Where and How the Dow?
January 8, 2009
Anyone who turns on a television or radio or opens a major web portal like Yahoo or AOL knows about the Dow Jones Industrial Average (DJIA). Lately a lot of people probably know more about the Dow than they really want to. Few people, however, know what…(read more)
MBA Says Commercial Real Estate Market Coming Under Pressure
January 8, 2009
The U.S. economic slowdown and credit crunch are beginning to affect the commercial real estate market in the United States, according to a report from the Mortgage Bankers Association on Thursday. "Despite relatively modest new construction activity…(read more)
New Year, Great Mortgage Rates
January 8, 2009
Bad news for the economy translates into great news for mortgage rates, which are at their lowest in years. When the economy is slow, rates are low. If you are looking to buy or refinance, the market is on your side.
Due to Low Mortgage Interest Rates, Homeowners Continue to Apply for Mortgages in Record Numbers
January 8, 2009
Undaunted by the holiday season, consumers continued to apply for mortgages in record numbers last week, according to the latest Weekly Mortgage Applications Survey, released today by The Mortgage Bankers Association (MBA).
Low Interest Rates, Low Housing Prices and Lower Down Payments - The Home Buying Stars Have Aligned!
January 8, 2009
Want to start off the New Year with some good news? (We thought so.) If your New Year’s resolution centers around buying a home, there are THREE big things going on that you should know about. The home buying stars have aligned, and they’re telling you to take advantage. Low interest rates, low home prices and low down payments on FHA loans are behind it!
Lower Mortgage Rates Lead to a Bona Fide Refinance Boom
January 8, 2009
Deck the halls with low mortgage rates, fa la la la la, la la, la la. Tis the season for lower mortgage rates, fa la la la la, la la, la la.