Rates Dropped to Their Lowest Levels of the Year Last Week

June 21, 2011

Debt in Greece Continues to Help U.S. Mortgage Markets Mort­gage mar­kets improved last week as Wall Street man­aged news on both sides of the eco­nomic coin. There were sev­eral instances of higher-than-expected infla­tion – an event that tends to lead rates higher — but weak domes­tic jobs data and a soft man­u­fac­tur­ing report sup­pressed the […]

Read the full article →

Monthly Foreclosures Continue to Drop Across the U.S.

June 16, 2011

According to foreclosure-tracking firm RealtyTrac, monthly foreclosure filings fell 2 percent in May to just under 215,000 filings nationwide. Foreclosure counts have now dropped over 16 consecutive months, dating back to January 2010.

Read the full article →

Mortgage Rates on the Rise as U.S. Consumers Continue to Up Their Spending

June 15, 2011

Retail Sales rose for the 11th straight month in May. Excluding cars and auto parts, sales receipts climbed to $322 billion last month. It’s an all-time high and another example of the U.S. economy’s resiliency.

Read the full article →

Start of A Refi Boom? Mortgage Rates Fall For 8 Straight Weeks

June 14, 2011

Mortgage rates have dropped 8 weeks in a row. Not even last year’s Refi Boom produced an 8-week winning streak. This season’s streak is historic.

Read the full article →

Rates Have More Room to Rise Than Fall This Week

June 13, 2011

Now is a Good Time to Lock in Your Rate This week, mortgage rates may reverse their recent slide. There isn’t much data due for release, but the numbers that will hit the wires have the ability to move markets — especially the inflation-linked figures. Tuesday : Producer Price Index, Retail Sales Wednesday : Consumer […]

Read the full article →

Mortgage Rates Fell to 6 Month Low Then Retreated Higher Last Week

June 13, 2011

Mortgage markets moved in feverish fashion last week, eventually ending slightly worse on the week. Conforming mortgage rates fell to a 6-month low Wednesday but, by Friday, they had retreated higher.

Read the full article →

Do You Know What Questions To Ask?

June 10, 2011

In this back-to-basics interview, you’ll learn some mortgage planning basics to help you get smarter with your next home loan — purchase or refinance.

Read the full article →

Moving? How Much Will Your Cost of Living Change?

June 9, 2011

It’s a fact: It’s more expensive to live in some cities than others. Beyond just the costs of buying a home, different cities also carry a different Cost of Living. For households relocating across state lines, the change in “life costs” can be jarring.

Read the full article →

New Loan Limits to Take Effect October 1, 2011

June 8, 2011

If you live in a high-cost area, keep an eye on your calendar. Effective October 1, 2011, temporary conforming loan limits will be lowered nationwide. Perhaps by as much as 14 percent.

Read the full article →

Home Sales are Expected to Drop in June & July

June 7, 2011

Hurt by foul weather and a soft market, the Pending Home Sales Index plunged 12 percent in April.

Read the full article →

← Previous Entries

Next Entries →