Rates Fell to New All-Time Lows Last Week

June 28, 2010

Conforming and FHA mortgage rates fell last week, extending a rate rally that dates to early-April. Mortgage rates have fallen to several, new, all-time lows during this period and last week was no different.

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Des Moines Sales Are Down. Big Time.

June 27, 2010

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 is like. I’m a […]

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In May, First Time Home Buyers Made Up 46% of All Buyers

June 23, 2010

The press is calling the May 2010 drop in Existing Home Sales “unexpected” and disappointing, but a deeper look at the data shows the news isn’t as bad as it first appears.

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Expect Rates to be Volatile This Week, the Federal Reserve Meets Tuesday

June 22, 2010

Good News for the Economy is Bad News for Rates The biggest news of the week is the Federal Reserve’s 2-day meeting, scheduled for Tuesday and Wednesday in Washington D.C. The Fed is expected to hold the Fed Funds Rate in its target range near 0.000-0.250 percent. It won’t be what the Fed does at […]

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Markets Improved Overall Last Week but that May Not Last Long

June 21, 2010

Last week, rates fell to all-time lows (again) Thursday. By Friday morning, though, pricing was worsening on profit-taking and in preparation for this week — a week that promises to be heavy on both data and rhetoric.

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New Guidelines Release Next Week for Interest Only Mortgages!

June 16, 2010

If you plan to finance your home with a conforming interest only mortgage, get your loan application submitted no later than this Friday, June 18. Starting next week, Fannie Mae is clamping down on the popular loan product.

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Shopping And Paying Bills Online? Here’s Methods To Protect Your Online Financial Identity

June 15, 2010

In May 2010, Retail Sales at non-store retailers — a category that includes Amazon and eBay — topped $29 billion, up 16 percent from May 2009. Clearly, Americans are doing an increasing amount of shopping online. But how well are we protecting our identities?

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Data Releases & Bernanke Will Decide How Rates Will Move This Week

June 14, 2010

What Does This Week Have in Store? This week, there’s cause for rates to rise again with Wednesday emerging as a “data day”.  Lots and lots of news. First, at 8:30 AM EST, the government releases two key housing statistics and one major gauge for inflation — Housing Starts, Building Permits and Producer Price Index, […]

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One Bad Day Ruined the Progress in Rates for the Week

June 14, 2010

Despite re-touching all-time lows on Tuesday and Wednesday, Conforming and FHA mortgage rates moved higher on the week.

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FHA MIPs Approved To Raise as Much as 300% in the Coming Months

June 14, 2010

In a near-unanimous vote, the House of Representatives gave the FHA power to raise the monthly mortgage insurance premiums it charges to its borrowers.

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