recent posts Mortgage Approvals Are Getting... Posted by yourmortgageplanner on 02 9th, 2010
The economy’s improving but lending standards are not. Nationally, banks are making mortgage approvals harder to come by. Underwriting guidelines are tightening. The data comes from the Federal Reserve’s quarterly survey to its member...
Mortgage Rates Dip On Sovereig... Posted by yourmortgageplanner on 02 4th, 2010
Mortgage Rates dip on Sovereign Debt Fears.
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...
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recent from Mortgage Rates What’s Ahead For Mortgage Rates Week Of February 8, 2010
Mortgage markets improved last week on domestic jobs data and international banking concerns. The news triggered buying in the bond market and, as a result, conventional, FHA and VA mortgage rates improved for the 4th consecutive week. Mortgage rates are now at a 6-week low but probably shouldn’t...
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 Approvals Are Getting More And More Scarce
The economy’s improving but lending standards are not. Nationally, banks are making mortgage approvals harder to come by. Underwriting guidelines are tightening. The data comes from the Federal Reserve’s quarterly survey to its member banks.  The Fed asks senior bank loan officers around...