Archive for the 'Mortgage News' Category
European Markets Impact on US Housing?
This week mortgage interest rates have reached their lowest level this year as global investors poured money into U.S. government securities.
Proving how interrelated global economies are the seemingly nightly newscast depicting the European debt crisis has had a very real impact on our local housing market. The flight to quality...
So Far So Good…
April 1st is here... We were expecting interest rates to jump by now due to mortgage backed securities no longer being purchased by the government. So far, we have seen nothing too scary.
April 4th is almost here when FHA mortgage insurance premiums will go from 1.75% to 2.25%. If you...
Is ARM Financing Back???
We all remember the liquidity crunch in the capital markets that first appeared in August of 2007. The impact to our financial system set in motion dramatic changes that rippled through that of the US as well as all major globally interconnected economies.
In retrospect the ironic...
FED Update: $34 Billion Left To Spend! 4 Weeks To Go
Mortgage rates reversed course again during the week ended March 4th with the 30yr FX following below 5% according to Freddie Mac’s weekly survey (www.freddiemac.com). According to said survey the national average is 4.97% at .7pts. For first-time home buyers, the fourth quarter of 2009 was the third most affordable...
3 Dates You Can’t Afford To Forget
by... Thad Musser
Whether you are a first time home buyer or considering another purchase there are three upcoming dates that may have a major impact on your purchasing decision.
March 31st The Federal Reserve Chairman announced their purchase program of mortgage-backed securities, which has injected nearly 1.5 trillion dollars into the economy,...
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