Mortgage Market and Rate Forecast – Week of April 27th

April 27, 2009

It’s a Busy Week! This week, the market may finally make a run and break its range!  Besides the fact that it’s an unusually data-heavy week, the Federal Reserve meets on Tuesday & Wednesday to discuss monetary policy.  The decision combined with the talk of the Fed may push the markets one way or the other.  Likely […]

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Mortgage Market and Rate Recap – Week of April 20th

April 27, 2009

Groundhog Day Last week, like the last three weeks, mortgage markets were bouncing off the walls all day, every day. But, also like the 3 weeks prior, when the week ended, rates were right back where they started on Monday.  I swear, It’s just like that movie Groundhog Day.  For the 4th straight week, mortgage […]

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Understanding Why Housing Starts Are Good For Sellers and Bad For Buyers

April 23, 2009

All Things Considered With respect to housing data, news is rarely positive or negative on a universal level. There’s always two perspectives to consider, after all. The home buyer’s perspective The home seller’s perspective Usually, when data is beneficial to one group, it’s less beneficial to the other.  This is true for rising home prices, average […]

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Random Tax Deductions Made for 2008

April 22, 2009

Now That It’s Behind Us Tax Day is past us and hopefully you’ve filed yours! The IRS expects to process 138 million tax returns this year and accompanying those returns will be a ton of tax deduction requests. Most will be what most would consider pretty standard.  Including such basics such as mortgage interest, vehicle […]

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Des Moines Iowa Real Estate Market Recap – Week of April 13th, 2009

April 21, 2009

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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You May Want To Get Your FHA Loan Before It’s Too Late!

April 20, 2009

More To It Than Mortgage Rates I’ve said it before, shopping for low mortgage rates can be a game of luck.  Some days, mortgage rates are favorable. Other days, they’re not.  And while you can make an educated guess about where rates might be headed, you’ve got a 50% shot at being right.  Even the […]

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Mortgage Market and Rate Forecast – Week of April 20th

April 20, 2009

More Corporate Earnings! This week, there are a number of large companies reporting their first quarter earnings.  The companies reporting will include banking giants Bank of America and US Bank, plus companies like IBM, AT&T and McDonald’s.  Just take into consideration, strong earnings may again push mortgage rates higher. Timing The Market? If you’re among […]

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Mortgage Market and Rate Recap – Week of April 13th

April 20, 2009

Give and Take For the third week in a row, mortgage markets improved early in the week, only to give back the gains before Friday’s close. Mortgage rates ended last week exactly where they started.  However, if you locked your mortgage rate Tuesday, you got a rate decidedly lower than someone who waited until Friday.  It just goes […]

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Des Moines Iowa Real Estate Market Recap – Week of April 6th, 2009

April 16, 2009

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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Headlines Don’t Accurately Quote Mortgage Rates

April 14, 2009

Rates Drop! Last Thursday morning, homeowners in different parts of the country woke up to find the following headlines in their newspapers: Rates on 30 year mortgages sink to 4.78%, a new low (LA Times) Mortgage rates at record low for a 2nd week (Miami Herald) Mortgages hit another record low (San Francisco) The driver […]

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