WealthWithMortgage.com

The Tax Credit has Expired but Rates are Low and It’s Still a Great Time to Buy

June 13, 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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Foreclosure Numbers are Down but There Are Still Deals to be Found

June 10, 2010

According to foreclosure-tracking firm RealtyTrac.com, bank repossessions reached record levels for the second straight month in May, topping 93,000 properties nationwide. All 50 states are up, year-over-year.

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Rates Are Dropping but Fees are Rising

June 9, 2010

Mortgage rates may be dropping, but mortgage costs are not. According to Freddie Mac, the average required discount points on a conforming mortgage rate are higher by 0.1 percent since early-May.

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T/F? Fannie Mae Plans to Repull Your Credit Just Before Closing. True.

June 8, 2010

A new loan quality initiative from Fannie Mae is making it harder for home buyers and refinancing homeowners everywhere to close on a mortgage.

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With No Major Data Releasing, This Week’s Rates Could Be Very Unpredictable

June 7, 2010

Rates Have a lot More Room to Rise Than Fall We can’t really know what rates might do this week. They could stay low for a matters of hours, or days. Especially with no “major” data due for release. Instead, most of this week’s economic news is incidental. That means that mortgage markets will move […]

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Mortgage Markets Improved Again Last Week Leaving Rates Touching Near All Time Lows Again

June 7, 2010

Market momentum is currently in the rate shoppers’ favor. We entered the weekend with rates falling and they look poised to open Monday no worse.

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Should You Refinance Your Mortgage?

June 3, 2010

Mortgage rates are low and they likely won’t stay that way. If you’ve been thinking about a refinance, talk to your loan officer as soon as possible.

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Rising Consumer Confidence Could Lead to Higher Home Prices And Mortgage Rates!

June 2, 2010

According to The Conference Board, economic confidence is as high as it’s been since August 2007 — 4 months before the start of the recession. Americans are optimistic again. It’s good for home prices but bad for mortgage rates.

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Rates Can’t Hold this Low Forever, Lock in Your Rate Before they Rise

June 1, 2010

Employment Report Stands to Play a Key Role in Rates This Week Looking ahead this week, mortgage rates may rise even more. In addition to the release of May’s jobs report and consumer confidence data, fears of broader economic slowdown appear to be easing. Day-by-day, the chances of rates rising are real. On Tuesday, a […]

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