The Home Buyer IQ

Banks Start To Loosen Up In Underwriting

Kevin — Fri, 03 Feb 2012 13:45:00 +0000

After a half-decade of tightening mortgage guidelines, banks are starting to "loosen up".

Home Affordability Threatened By Friday’s Jobs Report

Kevin — Thu, 02 Feb 2012 13:45:00 +0000

It's a risky time to be without a locked mortgage rate -- especially with the pending release of January's Non-Farm Payrolls report.

Case-Shiller Index Says Detroit And Washington DC Lead The Market

Kevin — Wed, 01 Feb 2012 13:45:00 +0000

According to the Case-Shiller Index, home values fell in 19 of 20 tracked markets in November 2011.

Supply Of New Homes At 6.1 Months Nationwide

Kevin — Tue, 31 Jan 2012 13:45:00 +0000

According to the Census Bureau, the number of new homes sold in December 2011 slipped 2 percent to 307,000 units on a seasonally-adjusted, annualized basis nationwide.

What’s Ahead For Mortgage Rates This Week : January 30, 2012

Kevin — Mon, 30 Jan 2012 13:45:00 +0000

Conforming mortgage rates rallied from Wednesday through Friday's close, ending the week near all-time lows set earlier this year.

Pending Home Sales Index Posts Second Best Month Since April 2010

Kevin — Fri, 27 Jan 2012 13:45:00 +0000

The housing market continues to show signs of improvement, propelled by low home prices and the cheapest mortgage rates of all-time.

A Simple Explanation Of The Federal Reserve Statement (January 25, 2012)

Kevin — Wed, 25 Jan 2012 17:50:00 +0000

Wednesday, the Federal Reserve's Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent.

The Federal Reserve Meets Today : Mortgage Rates Expected To Move

Kevin — Wed, 25 Jan 2012 13:45:00 +0000

The Federal Open Market Committee adjourns from a scheduled 2-day meeting today, its first of 8 scheduled meetings this year.

Existing Home Sales Approach Bull Market Territory

Kevin — Tue, 24 Jan 2012 13:45:00 +0000

According to data from the National Association of REALTORS®, on a seasonally-adjusted, annualized basis, December's Existing Home Sales climbed by 120,00 units overall from the month prior on its way to an 11-month high.

What’s Ahead For Mortgage Rates This Week : January 23, 2012

Kevin — Mon, 23 Jan 2012 13:45:00 +0000

The outlook for the U.S. economy improved last week, taking the mortgage bond market with it. For the first time this year, conforming mortgage rates rose from one week to the next.

Behind The Housing Starts Headlines, The Story That Matters

Kevin — Fri, 20 Jan 2012 13:45:00 +0000

Single-family housing starts climbed 4 percent last month to 470,000 units on a seasonally-adjusted, annualized basis. This is the highest number of Single-Family Housing Starts since April 2010 -- the last month of last year's home buyer tax credit.

Home Builders See More Sales, Higher Prices Ahead

Kevin — Thu, 19 Jan 2012 13:45:00 +0000

Homebuilder confidence is soaring, reaching levels not seen in more than 4 years.

Foreclosure Filings Fall To 49-Month Low

Kevin — Wed, 18 Jan 2012 13:45:00 +0000

Foreclosure filings are fewer these days, according to foreclosure-tracking firm RealtyTrac.

What’s Ahead For Mortgage Rates : Week Of January 17, 2012

Kevin — Tue, 17 Jan 2012 13:45:00 +0000

According to Freddie Mac's weekly mortgage rate survey, the average 30-year fixed rate mortgage rate fell to 3.89% nationwide. This week, the Eurozone will determine whether rates rise or fall.

Will Home Values Rise This Year?

Kevin — Fri, 13 Jan 2012 13:45:00 +0000

Will your home gain value over the next 12 months? Nobody can know for sure, but should recent housing trends continue, there's concrete cause for optimism.

Fed Minutes Show An Improving U.S. Economy Threatened By The Eurozone

Kevin — Thu, 12 Jan 2012 13:45:00 +0000

The Federal Reserve has released the minutes from its most recent Federal Open Market Committee meeting. December's Fed Minutes shows Fed members with a positive, cautious, take on the economy.

Home Affordability Set To Worsen On Thursday’s Retail Sales Data

Kevin — Wed, 11 Jan 2012 13:45:00 +0000

Consumer spending continues to rise nationwide, fueled by jobs growth and a rosier outlook for the U.S. economy. Unfortunately for mortgage rate shoppers, it may also lead to higher mortgage rates later this week.

Lock Your Mortgage Rate : New Loan Fees Expected Within Days

Kevin — Tue, 10 Jan 2012 13:45:00 +0000

Starting soon, nearly all home buyers and refinancing households nationwide will pay higher mortgage loan fees. Congress has made it law.

What’s Ahead For Mortgage Rates This Week : January 9, 2012

Kevin — Mon, 09 Jan 2012 13:45:00 +0000

Mortgage markets improved last week, pushing mortgage rates lower for the second straight week.

Adjustable-Rate Mortgages Are A Relative Bargain Today

Kevin — Fri, 06 Jan 2012 13:45:00 +0000

Adjustable-rate mortgages are a relative bargain as compared to fixed-ones.

Are You Locked ? Friday’s Job Report Will Make Mortgage Rates Move.

Kevin — Thu, 05 Jan 2012 13:45:00 +0000

If you're floating a mortgage rate, or have yet to lock one in, today may be a good day to call your loan officer. Friday morning, the government releases its Non-Farm Payrolls report at 8:30 AM ET.

Housing And Mortgage : The Experts Make Their 2012 Predictions

Kevin — Wed, 04 Jan 2012 13:45:00 +0000

As the new year begins, there are no shortage of stories telling us what to expect in 2012.

What’s Ahead For Mortgage Rates This Week : January 3, 2012

Kevin — Tue, 03 Jan 2012 13:45:00 +0000

Mortgage markets improved last week during a holiday-shortened trading week.

Pending Home Sales Index Rises Back Above 100

Kevin — Fri, 30 Dec 2011 13:45:00 +0000

Low home prices and mortgage rates have combined to push home affordability to record levels nationwide. Home buyers are taking advantage.

Nationally, Home Prices Off 18.3 Percent From April 2007 Peak

Kevin — Thu, 29 Dec 2011 13:45:00 +0000

The government confirms what the private-sector Case-Shiller Index reported yesterday. Nationwide, average home values slipped in October.

New Home Sales Approach Bull Market Territory

Kevin — Wed, 28 Dec 2011 13:45:00 +0000

According to the Census Bureau, the number of new homes sold rose 2 percent in November, taking the metric to a 7-month high.

What’s Ahead For Mortgage Rates This Week : December 27, 2011

Kevin — Tue, 27 Dec 2011 13:45:00 +0000

Mortgage markets worsened last week on renewed optimism from the Eurozone, additional evidence of a U.S. economic recovery, and ongoing strength in housing.

Pay Your Mortgage Early, Boost Your 2011 Federal Income Tax Deductions

Kevin — Fri, 23 Dec 2011 13:45:00 +0000

Time is running out to boost to your 2011 federal tax refund. All that's required is to make your January 2012 mortgage payment while it's still December.

Home Supplies Fall To 7.0 Months Nationwide; Buyer Demand Strong

Kevin — Thu, 22 Dec 2011 13:45:00 +0000

Home resales moved to a 10-month high in November, the latest in a series of strong showings from the housing sector.

Housing Starts Show Strength In Housing

Kevin — Wed, 21 Dec 2011 13:45:00 +0000

According to the U.S. Census Bureau, Single-Family Housing Starts rose to 447,000 units on a seasonally-adjusted, annualized basis in November -- a 2 percent increase from October.

Home Builders Experiencing Heavy Foot Traffic And Higher Sales Volume

Kevin — Tue, 20 Dec 2011 13:45:00 +0000

In another good sign for the housing market, today's home builders believe that the housing market has turned a corner. Homebuilder confidence is at a 19-month high.

What’s Ahead For Mortgage Rates This Week : December 19, 2011

Kevin — Mon, 19 Dec 2011 13:45:00 +0000

Given global economic conditions and the mortgage bond market's status as a "safe market", the failure of rates to fall last week suggests that this may be as low as mortgage rates get. It's time to look at locking in.

Mortgage Payments Fall 12% Since February 2011

Kevin — Fri, 16 Dec 2011 13:45:00 +0000

As mortgage rates drop, so do housing payments. It's a good time to consider refinancing your home, or making an offer on a new one. Mortgage payment affordability has never been so high in history.

Bank Repossessions Drop To A 44-Month Low

Kevin — Thu, 15 Dec 2011 13:45:00 +0000

According to foreclosure-tracker RealtyTrac, November's foreclosure filings fell 3 percent as compared to October, and 14 percent from November 2010.

A Simple Explanation Of The Federal Reserve Statement (December 13, 2011 Edition)

Kevin — Tue, 13 Dec 2011 19:35:00 +0000

Tuesday, the Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent.

America’s Best Places To Raise A Family, Listed By State

Kevin — Tue, 13 Dec 2011 13:45:00 +0000

BusinessWeek recently released its 2011 America's Best Place to Raise a Family rankings. College-town Blacksburg, Virginia took top honors, breaking a 2-year win streak for the Chicago, Illinois region.

What’s Ahead For Mortgage Rates This Week : December 12, 2011

Kevin — Mon, 12 Dec 2011 13:45:00 +0000

The Federal Open Market Committee meets this week. Mortgage rates could get volatile.

Reduce Long-Term Loan Costs With A 15-Year Fixed Rate Mortgage

Kevin — Fri, 09 Dec 2011 13:45:00 +0000

For as low as 30-year fixed rate mortgage rates are today, 15-year fixed rate mortgage rates are even lower.

Simple Real Estate Definitions : Tax And Insurance Escrow

Kevin — Thu, 08 Dec 2011 13:45:00 +0000

Want a discount on your next mortgage rate? Tell your lender that you're willing to escrow.

Have Mortgage Rates Bottomed Out?

Kevin — Wed, 07 Dec 2011 13:45:00 +0000

Mortgage rates have troughed. Or, so it seems.

Fed Minutes Suggest New Economic Stimulus Next Week

Kevin — Tue, 06 Dec 2011 13:45:00 +0000

The Federal Open Market Committee released its November 2011 meeting minutes, revealing a Fed split on whether new stimulus is needed for the U.S. economy.

What’s Ahead For Mortgage Rates This Week : December 5, 2011

Kevin — Mon, 05 Dec 2011 13:45:00 +0000

Mortgage markets made little change last week for the fifth time in as many weeks.

More Housing Strength : Pending Home Sales Surged In October

Kevin — Fri, 02 Dec 2011 13:45:00 +0000

After 3 consecutive months of easing, the Pending Home Sales Index jumped 10 percent in October, lending credence to the belief that housing is in recovery.

Friday’s Jobs Report Represents A Big Risk To Low Mortgage Rates

Kevin — Thu, 01 Dec 2011 13:45:00 +0000

At 8:30 AM ET Friday, the government's Bureau of Labor Statistics will release its November Non-Farm Payrolls report. Have you been floating a mortgage rate? It may be time to lock.

Case-Shiller Index : 17 Of 20 U.S. Housing Markets Slipped In September

Kevin — Wed, 30 Nov 2011 13:45:00 +0000

Standard & Poor's released its September 2011 Case-Shiller Index this week. The index tracks home price changes in select cities between months, quarters, and years. The Case-Shiller Index for September showed drastic devaluations nationwide.

New Home Supplies Fall To An 18-Month Low

Kevin — Tue, 29 Nov 2011 13:45:00 +0000

If you plan to buy of new construction in 2012, don't expect today's low prices. Like everything in housing of late, the market for newly-built homes appears to be improving.

What’s Ahead For Mortgage Rates This Week : November 28, 2011

Kevin — Mon, 28 Nov 2011 13:45:00 +0000

Expect mortgage rates to be volatile this week. Your quoted mortgage rates could vary by as much as a quarter-percent from day-to-day.

Conforming Loan Limits Unchanged For 2012

Kevin — Fri, 25 Nov 2011 13:45:00 +0000

In 2012, for the 7th straight year, the national, single-family conforming mortgage loan limit will remain at $417,000.

More Sales, Less Inventory : Home Prices Headed Higher?

Kevin — Wed, 23 Nov 2011 13:45:00 +0000

The housing market continues to signal that a broad rebound is underway. In October, despite sparse home inventory, the number of properties sold increased 1.4% nationwide.

Maximum FHA Loan Limits Restored To $729,750

Kevin — Tue, 22 Nov 2011 13:45:00 +0000

As signed into law last Friday, maximum FHA loan limits are -- once again -- as high as $729,750.

What’s Ahead For Mortgage Rates This Week : November 21, 2011

Kevin — Mon, 21 Nov 2011 13:45:00 +0000

Mortgage markets went unchanged last week as Wall Street traded on new debt stress within the Eurozone, and stronger-than-expected economic data here at home.

Housing Starts Rising; New Construction Turns The Corner?

Kevin — Fri, 18 Nov 2011 13:45:00 +0000

Another day, another signal that the market for newly-built homes is improving. Single-Family Housing Starts rose to a seasonally-adjusted, annualized 430,000 units in October – a 4 percent increase from September and the highest reading in 3 months.

Homebuilders Getting Optimistic; Higher Home Prices Ahead?

Kevin — Thu, 17 Nov 2011 13:45:00 +0000

Just two months after falling to a multi-month low, the Housing Market Index surged again in November, climbing another three points to 21

Government Releases Additional HARP Guidance For Underwater Homeowners

Kevin — Wed, 16 Nov 2011 13:45:00 +0000

Tuesday, Fannie Mae and Freddie Mac unveiled lender instructions for the government's revamped HARP program.

Foreclosure Filings Climbing; 4 States Account For Half Of Nationwide Activity

Kevin — Tue, 15 Nov 2011 13:45:00 +0000

According to foreclosure-tracking firm RealtyTrac, October's foreclosure filings rose 7 percent to 231,000 filings nationwide. Activity concentrated in just 4 states nationwide -- California, Florida, Michigan and Illinois.

What’s Ahead For Mortgage Rates This Week : November 14, 2011

Kevin — Mon, 14 Nov 2011 13:45:00 +0000

Expect developments in Italy to sway U.S. mortgage rates this week. In addition, rates will respond to a rash of economic data and Fed speakers.

Banks Resume Tightening Mortgage Guidelines

Kevin — Thu, 10 Nov 2011 13:45:00 +0000

After a 2-year easing cycle, the nation's biggest bank banks report that they've reversed course, and are raising the bar on mortgage approvals.

This Holiday Season, Think Twice Before Saving 15 Percent At The Register

Kevin — Wed, 09 Nov 2011 13:45:00 +0000

With Halloween behind us, retailers are in the Holiday Spirit. Businesses know that consumers spent a median $556 on holiday gifts last year and they want this year to be just as strong.

Tips For Maximizing Your Home’s Appraised Value

Kevin — Tue, 08 Nov 2011 13:45:00 +0000

With home appraisals, every valuation dollar can matter. With that in mind, here are a few tips for maximizing your home's appraised value.

What’s Ahead For Mortgage Rates This Week : November 7, 2011

Kevin — Mon, 07 Nov 2011 13:45:00 +0000

Mortgage markets improved last week as optimism for a Greek Bailout program faded. Rates are back near their lowest levels of the year.

The Most Expensive ZIP Codes In The County (2011 Edition)

Kevin — Fri, 04 Nov 2011 12:45:00 +0000

Using data compiled by real estate market data firm Altos Research, Forbes Magazine presents America's 10 most expensive ZIP codes. California and the New York Metro area dominate the list.

A Simple Explanation Of The Federal Reserve Statement (November 2, 2011 Edition)

Kevin — Wed, 02 Nov 2011 16:45:00 +0000

Wednesday, the Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent.

More Risk To Home Affordability : Friday’s Jobs Report

Kevin — Wed, 02 Nov 2011 12:45:00 +0000

Within the next 48 hours, mortgage rates may get bouncy. The Federal Open Market Committee will adjourn from a 2-day meeting and October's Non-Farm Payrolls report is due for release. Of the two market movers, it's the Non-Farm Payrolls report that may cause the most damage.

Make Your Mortgage Rate Strategy : The Federal Reserve Starts A 2-Day Meeting

Kevin — Tue, 01 Nov 2011 12:45:00 +0000

The Federal Open Market Committee begins a scheduled, 2-day meeting today, the seventh of its 8 scheduled meetings this year, and the eighth Fed meeting overall.

What’s Ahead For Mortgage Rates This Week : October 31, 2011

Kevin — Mon, 31 Oct 2011 12:45:00 +0000

Mortgage markets moved across a wide range last week before, ultimately, finishing unchanged. The bailout of Greece both dominated headlines and dictated market direction.

Pending Home Sales Index Slips For 4th Straight Month

Kevin — Fri, 28 Oct 2011 12:45:00 +0000

Nationwide, fewer homes are going under contract to sell.

New Home Inventory Keeps Sinking

Kevin — Thu, 27 Oct 2011 12:45:00 +0000

Home builders continue to sell homes and work through inventory.

Detroit Leads All Case-Shiller Cities In Home Price Improvement

Kevin — Wed, 26 Oct 2011 12:45:00 +0000

Since bottoming out in March of this year, the Case-Shiller Index is up nearly 4 percent.

The Government’s Revamped HARP Program For Underwater Homeowners

Kevin — Tue, 25 Oct 2011 12:45:00 +0000

The Federal Home Finance Agency announced big changes to its Home Affordable Refinance Program Monday. More commonly called HARP, the Home Affordable Refinance Program is meant to give "underwater homeowners" opportunity to refinance.

What’s Ahead For Mortgage Rates This Week : October 24, 2011

Kevin — Mon, 24 Oct 2011 12:45:00 +0000

Mortgage markets improved last week on worries that Eurozone leaders would decline to send aid to Greece. These concerns overshadowed optimism for the U.S. economy, the result of several strong data points.

Despite 18% Contract Failure Rate, Home Resales Stay Strong

Kevin — Fri, 21 Oct 2011 12:45:00 +0000

According to data from the National Association of REALTORS®, on a seasonally-adjusted, annualized basis, September's Existing Home Sales eased by 150,000 units, falling to 4.91 million units nationwide.

Finding Truth In September’s Housing Starts Report

Kevin — Thu, 20 Oct 2011 12:45:00 +0000

Wednesday, the Census Bureau released its September Housing Starts report. In it, the government said that national Housing Starts rose 15 percent in September as compared to August 2011, tallying 658,000 units on a seasonally-adjusted annualized basis.

Homebuilder Confidence Rises on Surging Sales Volume, Foot Traffic

Kevin — Wed, 19 Oct 2011 12:45:00 +0000

Homebuilder confidence is rebounding sharply.

Foreclosure Rate Drops For The 12th Straight Month

Kevin — Tue, 18 Oct 2011 12:50:19 +0000

Foreclosure activity continues to slow throughout the United States.

What’s Ahead For Mortgage Rates This Week : October 16, 2011

Kevin — Mon, 17 Oct 2011 12:49:38 +0000

Mortgage bonds suffered through another tough week last week as rising optimism that Eurozone leaders will "rescue" Greece plus stronger-than-expected economic data in the U.S. led bonds lower for the second straight week.

Fed Minutes : A Fed Divided Reaches Comprise

Kevin — Fri, 14 Oct 2011 12:52:33 +0000

Wednesday, the Federal Reserve released the minutes from its 2-day September meeting. The release shows a divided Fed in disagreement about the current U.S. monetary policy.

Retail Sales Expected To Rise; Mortgage Rates Should Rise, Too

Kevin — Thu, 13 Oct 2011 12:49:37 +0000

The American Consumer is alive and well, it seems. Retail Sales are up 14 months in a row.

What’s Ahead For Mortgage Rates This Week : October 11, 2011

Kevin — Wed, 12 Oct 2011 12:48:32 +0000

Mortgage markets worsened last week as safe haven buying eased and demand for mortgage-backed bonds dropped. As in most weeks since March 2011, Greece and U.S. jobs dictated market direction.

Should I Refinance My Home?

Kevin — Tue, 11 Oct 2011 12:51:39 +0000

With mortgage rates at all-time lows, you may be asking "Is now a good time to refinance?". This short interview from NBC's The Today Show offers good insight.

What’s Ahead For Mortgage Rates This Week : October 11, 2011

Kevin — Tue, 11 Oct 2011 12:50:03 +0000

Mortgage markets worsened last week as safe haven buying eased and demand for mortgage-backed bonds dropped. As in most weeks since March 2011, Greece and U.S. jobs dictated market direction.

Freddie Mac : Mortgage Rates Sub-4 Percent

Kevin — Fri, 07 Oct 2011 12:48:51 +0000

For the first time in more than 40 years, data from Freddie Mac's weekly Primary Mortgage Market Survey shows the average 30-year fixed rate mortgage falling below 4 percent, dropping to 3.94 percent nationwide. It's the lowest average 30-year fixed reading in the survey's history.

A Mortgage Rate Strategy Ahead Of Friday’s Jobs Report

Kevin — Thu, 06 Oct 2011 12:48:58 +0000

Mortgage rates are prepped to make big moves in the next 36 hours. Is it time for you to call in your rate lock?

Home Values Rose For the 4th Straight Month

Kevin — Wed, 05 Oct 2011 12:49:04 +0000

The government is confirming what the private sector has already shown -- home values are on the rise.

Conforming Loan Limits Drop In High-Cost Areas

Kevin — Tue, 04 Oct 2011 12:49:21 +0000

For homeowners in high-cost areas nationwide, conforming and FHA loan limits have dropped by as much as 14 percent.

What’s Ahead For Mortgage Rates This Week : October 3, 2011

Kevin — Mon, 03 Oct 2011 12:51:16 +0000

Mortgage markets deteriorated last week as optimism for a Greek rescue package increased, and as U.S. consumers showed that, despite falling income levels, spending will not be slowed.

Despite Low Rates, Pending Home Sales Slip In August

Kevin — Fri, 30 Sep 2011 12:48:51 +0000

Despite the lowest mortgage rates of all-time, home buyers are slowing the pace at which they're buying homes.

Case-Shiller Index : 85% Of Tracked Cities Showed Home Price Improvement In July

Kevin — Thu, 29 Sep 2011 12:50:45 +0000

The most recent Case-Shiller Index shows a 0.9% rise in home values from June to July 2011. Home values were higher in 17 of the 20 tracked cities.

New Home Sales Figures Better Than Reported

Kevin — Wed, 28 Sep 2011 12:50:07 +0000

According to the Census Bureau, the number of new homes sold slid for the fourth straight month in August, easing 2 percent from July. On a seasonally-adjusted, annualized basis, home buyers bought 295,000 newly-built homes last month.

Existing Home Sales Jump; Home Supplies Falling

Kevin — Tue, 27 Sep 2011 12:52:07 +0000

According to the National Association of REALTORS®, Existing Home Sales rose 8 percent in August.

What’s Ahead For Mortgage Rates This Week : September 26, 2011

Kevin — Mon, 26 Sep 2011 12:49:38 +0000

Mortgage markets improved last week as the Federal Reserve provided new market stimulus and the Eurozone continued to grapple with Greek's sovereign debt issues.

Building Permits Rising Nationwide; Housing Starts To Follow

Kevin — Fri, 23 Sep 2011 12:51:41 +0000

Single-Family Housing Starts fell for the second consecutive month, dropping to a seasonally-adjusted, annualized 417,000 units in August 2011.

A Simple Explanation Of The Federal Reserve Statement (September 21, 2011 Edition)

Kevin — Wed, 21 Sep 2011 18:42:22 +0000

Wednesday, the Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent.

A Simple Explanation Of The Federal Reserve Statement (September 21, 2011 Edition)

Kevin — Wed, 21 Sep 2011 18:39:11 +0000

Wednesday, the Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent.

The Fed Adjourns At 2:15 PM ET Today : What It Means For Mortgage Rates

Kevin — Wed, 21 Sep 2011 12:49:50 +0000

The Federal Open Market Committee adjourns from a two-day, scheduled meeting today, the sixth of 8 scheduled meetings this year, and the seventh Fed meeting overall. Mortgage rates will be volatile.

Homebuilder Confidence Stays Flat

Kevin — Tue, 20 Sep 2011 12:50:20 +0000

Homebuilders are feeling worse about the market for new homes nationwide.

What’s Ahead For Mortgage Rates This Week : September 19, 2011

Kevin — Mon, 19 Sep 2011 12:50:16 +0000

Mortgage rates rose for the first time in three weeks last week, pushing conforming and FHA mortgage rates off their all-time, historical lows

Choosing A 15-Year Fixed Rate Mortgage Over A 30-Year Fixed Rate Mortgage

Kevin — Fri, 16 Sep 2011 12:48:30 +0000

If you've ever considered a 15-year loan term, it's a terrific time to talk to your lender. According to Freddie Mac's weekly mortgage rate survey, the 15-year fixed rate mortgage is at its lowest point in history.

Annual Foreclosure Filings Down For 11th Straight Month

Kevin — Thu, 15 Sep 2011 12:48:55 +0000

On an annual basis, foreclosure filings fell last month. On a monthly basis, they did not.

Capitalize On Low Interest Rates In Overlooked Places

Kevin — Wed, 14 Sep 2011 12:48:46 +0000

It's no secret. Rates are low right now. And, it's not just mortgage rates, either -- all types of rates are scraping rock-bottom. Borrowing rates, lending rates and savings rates are at or near their all-time lowest levels.

Adjustable-Rate Mortgages Starting To Adjust Higher

Kevin — Tue, 13 Sep 2011 12:49:32 +0000

For the first time in a year, homeowners with adjusting mortgages are facing rising mortgage rates.