http://wealthwithmortgage.com Mortgage and Real Estate Market Education, News and Conversation! Thu, 01 Jan 2009 04:35:12 +0000 http://backend.userland.com/rss092 en It's the Time To Give.   The Fed's Giving You a Lower Interest Rate! The Fed Makes The Announcement For its last move in an action-filled year, the Federal Reserve announced it will begin buying its pledged $500 billion in mortgage-backed securities next month. Good News For Mortgage Shoppers! For home buyers and mortgage rate ... http://wealthwithmortgage.com/411/the-fed-delivers-on-their-new-year-present/ What’s The Real Estate Market Doing? Do you ever wonder how our real estate market is here in Des Moines? Unfortunately, we spend a lot of time listening to how rough things are in other cities around the country, but too often we don’t really consider what our real estate climate ... http://wealthwithmortgage.com/410/des-moines-iowa-real-estate-market-watch-week-of-december-22nd-2008/ Understanding the Mortgage Market Mortgage markets are like any other market, in order for goods to change hands, a buyer and a seller must first agree to "trade" at a specific price point. In general, the more buyers and sellers there are for a particular item, the easier it is to find that ... http://wealthwithmortgage.com/409/shopping-for-mortgages-on-a-vacation-week-can-be-difficult/ Another Holiday Week, Even Less News! This week, much like last week, is interrupted for the holiday.  Regardless, there's not much going on. Aside from the two economic reports listed below, there is nothing else for markets to digest and there are no planned speeches by members of the Fed (this can ... http://wealthwithmortgage.com/408/mortgage-market-and-rate-forecast-week-of-december-29th-2008/ A Holiday Week Provides Little Movement In the Market In a week defined by extremely low trading volume and lack of action, mortgage markets idled ahead of the holiday last week.  Friday's post-holiday action was even slower.  I think people were sleeping their holiday meals off.  Just my opinion. After falling for ... http://wealthwithmortgage.com/407/mortgage-market-and-rate-recap-week-of-december-22nd/ It's a Great Time To Be An Investor With home prices falling across most parts of the country, investors in real estate are finding good value in certain rental properties.  Unfortunately, they're also now finding it harder to get approved for a home loan.  Things have definitely changed over the past ... http://wealthwithmortgage.com/406/great-time-to-be-an-investor-but-know-your-financing-options/ Changing Times For the first time in over a year, the sales of "used homes" fell below the 5-million unit trendline, helping to push the total home inventory higher by 0.1 percent nationwide. Based on the rate at which homes are selling nationwide, it would take 11.2 months for the existing housing supply ... http://wealthwithmortgage.com/405/its-a-good-time-to-be-an-active-buyer/ Remember What Caused It In late-November, the Federal Reserve pledged $600 billion to buy mortgage-backed securities.  The announcement drove down mortgage rates and started the 'first' Refi Boom. Then, the Federal Reserve made a second series of statements after its scheduled meeting last Tuesday, causing mortgage rates to plunge again.  This started ... http://wealthwithmortgage.com/404/refinance-boom-presents-new-challenges/ It's Going to Be a Short Week! This week is trade-shortened and thick with economic data.  In addition to two pieces of housing news and a consumer sentiment survey, we'll get a look at the Federal Reserve's preferred Cost of Living index.  All four data points are expected to validate the recession, so ... http://wealthwithmortgage.com/403/mortgage-market-and-rate-forecast-week-of-december-22nd-2008/ Rates Hit All Time Lows Mortgage markets improved last week for the second week in row.  After the Federal Reserve said it would use "all available tools" to stimulate the economy, traders responded by driving mortgage rates to 50-year lows. It didn't last long, however. Very Little Time After bottoming out early-Wednesday morning, mortgage rates trended higher ... http://wealthwithmortgage.com/402/mortgage-market-and-rate-recap-week-of-december-15th/