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...
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...