Mortgage Market and Rate Forecast – Week of March 23rd

March 25, 2009

The Government’s Talkin’ Just as last week closed out, this week, mortgage rates may trend higher. In addition to the economic data set to be released this week, the U.S. government is expected to unveil its “toxic asset” plan Monday.  If the plan includes issuance of new federal debt, inflation concerns will grow and that […]

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Mortgage Market and Rate Recap – Week of March 15th

March 25, 2009

The Fed Extends Their Buying So, the mortgage markets scored big gains last week, sparked by the Federal Reserve’s pledge to buy $750 billion more mortgage-backed bonds in 2009. That’s on top of the previously announced purchases. Conforming mortgage rates fell on the week, overall. With Good News For Rates, Bad News Also Followed But […]

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Mortgage Market and Rate Recap – Week of March 9th

March 16, 2009

Bernanke Talks In the video below, Fed Chairman, Ben Bernanke discussed the current economic environment and shares some of his predictions for the future.  This video was presented on 60 Minutes last night. Rising Stocks Take the Momentum Out of Mortgage Rates Mortgage markets lost a little bit of ground last week, edging mortgage rates […]

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Guess How Many Mortgages Are Delinquent Nationally?

March 15, 2009

Delinquencies Are On The Rise Mortgage delinquencies are on the rise nationwide, but the news may not be as bad as it appears at first glance.   Yes, keep reading. The Source Using anonymous data from its national credit database, TransUnion reports that 4.58 percent of American homeowners were at least 60 days past due on mortgage payments […]

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Des Moines Iowa Real Estate Market Recap – Week of March 2nd, 2009

March 15, 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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Mortgage Market and Rate Forecast – Week of March 9th

March 9, 2009

More Than Economic News This Week This week it will be quiet in the form of economic news.  The only big report is Thursday’s Retail Sales data.  Therefore, markets will look for other clues about the future of the U.S. economy. Tuesday, Fed Chairman Ben Bernanke has a scheduled speech on financial reform. Then on […]

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Mortgage Market and Rate Recap – Week of March 2nd

March 9, 2009

Markets Have a Positive Week Mortgage markets improved last week with investors’ fear of risk in the stock market.  Mortgage shoppers benefited from major stock indices touching 12-year lows as investors moved investible cash to the bond market. For only second time this year, mortgage rates ended the week lower than where they opened. Lots […]

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Will The Mortgage Relief Program Help YOU?

March 5, 2009

The Original Objective When the White House first introduced the Making Home Affordable program in February 2009, it was positioned as a mortgage program with two goals: To help financially-needy homeowners get the mortgage relief they needed To help homeowners who’ve lost equity to qualify for today’s low rates The Result Of The New Program […]

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Des Moines Iowa Real Estate Market Recap – Week of February 23, 2009

March 3, 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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Mortgage Market and Rate Forecast – Week of March 2nd

March 3, 2009

Details Coming In On Wednesday, the White House is expected to release the details of the Homeowner Affordability and Stability Plan.  Again, markets are watching for the larger scale impact of the news.  If analysts and traders think the plan is effective, watch for stock markets to improve and bond markets to weaken. This would […]

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