What Is Annual Percentage Rate (APR)?

July 12, 2011

More commonly called APR, Annual Percentage Rate is a government-mandated mortgage comparison tool. It measures the total cost of borrowing over the life of a loan into dollars-and-cents.

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

July 11, 2011

Mortgage markets improved in roller coaster-like trading last week. And, not surprisingly, the week’s two big stories were the same two stories roiling mortgage markets since March — Greece and Jobs.

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Mid-Year Review : Were The Experts Right About The Market?

July 8, 2011

The year is half-over. It’s an opportune time to take stock of analyst predictions made at the start of the year, and to recognize that the “experts” can be wrong as often as they are right.

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Economy Expected To Have Added 80,000 Jobs In June

July 7, 2011

Friday morning, at 8:30 AM ET, the Bureau of Labor Statistics releases its June Non-Farm Payrolls report. If you’re currently shopping for a mortgage, or floating a mortgage rate, be prepared. Mortgage rates can change following the monthly report’s release. Often, by a lot.

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What To Know Before You Move To A New Neighborhood

July 6, 2011

In this 5-minute piece from NBC’s The Today Show, you’ll learn a dozen complementary home-shopping techniques to help you review and evaluate a home for purchase. Each is focused on findings you won’t see listed on a website.

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What’s Ahead For Mortgage Rates : Week Of July 5, 2011

July 5, 2011

Mortgage markets worsened last week as Wall Street’s renewed optimism pushed equities to their best one-week gain in close to 12 months.

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5-Year ARM Falls To Historic Lows

July 1, 2011

The interest rate differential between fixed-rate and adjustable-rate mortgages continues to widen and has now reached historic levels. There’s never been a better time to lock an ARM.

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Pending Home Sales Unexpectedly Spike In May

June 30, 2011

According to data from the National Association of REALTORS, the Pending Home Sales Index smashed analyst expectations, jumping 8 percent on a monthly basis in May.

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Home Values Climb 0.8 Percent In April

June 29, 2011

Maybe homes are holding value better than we thought.

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Top 25 Least Expensive U.S. Cities

June 28, 2011

There are some U.S. towns in which the cost of living remains affordable — and downright cheap — as compared to the national average.

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