recent posts What Is A Short Sale... Posted by yourmortgageplanner on 02 2nd, 2010
A “Short Sale” is when a home seller sells his home for a lesser amount than what is owed on his mortgage, and the mortgage lender agrees to accept the lesser amount in lieu of a full payoff. By way of example, a Short Sale may be appropriate...
Mortgage Rates This Week Febru... Posted by yourmortgageplanner on 02 1st, 2010
In a news-heavy week, mortgage markets improved last week, adding to a 3-week rally. But, given last week’s data and domestic story lines, it’s surprising that rates actually fell. The Federal Reserve said the economy continues to...
The Fed’s Meeting Today...
The Fed’s Meeting Today
Posted by yourmortgageplanner on 01 27th, 2010
The Federal Open Market Committee ends a scheduled, 2-day meeting today in Washington. It’s the first of 8 scheduled meetings for the policy-setting group in 2010. The group adjourns at 2:15 PM ET. As is customary, upon adjournment, the Fed...
Existing Home Sales Plummet In... Posted by yourmortgageplanner on 01 27th, 2010
Just one month after from blowing away Wall Street, December’s Existing Home Sales hit the skids, shedding nearly 17 percent and falling to a 4-month low. Don’t be alarmed, though. The plunge was expected. And not just because Pending...
Mortgage Rates Week Of January... Posted by yourmortgageplanner on 01 25th, 2010
Conforming and FHA mortgage rates improved last week on the combination of weaker-than-expected economic data and new anti-banking rhetoric from the White House. The S&P 500 shed nearly 4 percent in its worst weekly showing since October 2009...
Mortgage Rates This Week : Jan... Posted by yourmortgageplanner on 01 19th, 2010
Mortgage markets showed little conviction last week, carving out just a narrow trading channel. There was very little data on which for markets to move, leaving mortgage rates momentum-bound. Luckily for rate shoppers, mortgage rate momentum was...
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recent from Mortgage Rates Mortgage Rates This Week February 1, 2010
In a news-heavy week, mortgage markets improved last week, adding to a 3-week rally. But, given last week’s data and domestic story lines, it’s surprising that rates actually fell. The Federal Reserve said the economy continues to strengthen Consumer Confidence pushed to a 2-year high 4th...
recent from First Time HomeBuyer First-Time Home Buyer Tax Credit It’s Official (Video)
Obama signed the First-Time Home Buyer Tax Credit today. Congress both extended and expanded the First-Time Home Buyer Tax Credit program Thursday. The up-to-$8000 tax credit’s expiration date has been pushed forward to spring, requiring homebuyers to be under contract by April 30, 2010,...
recent from FHA 2010 FHA Loan Limits Released
FHA home loans are federal assistance mortgages made by lenders, and backed by the government. The FHA doesn’t make loans to homeowners — it insures loans made to homeowners by federally-qualified lenders. By all accounts, FHA home loans are surging in popularity. 2006, FHA insured 3.3%...
recent from Financial Awareness Mortgage Rates Dip On Sovereign Debt – How Will It Effect The U.S.
Mortgage Rates dip on Sovereign Debt Fears.