Mortgage Rate Lock Alert : Expect Rate Changes Wednesday Afternoon

November 3, 2010

The Federal Reserve ends a scheduled, 2-day meeting today. It’s the seventh of 8 scheduled Fed meetings in 2010, and the eighth overall this year. Mortgage rates should be especially jumpy.

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Better Credit Scores Get Better Mortgage Rates

November 2, 2010

Mortgage approvals are primarily based on good income, good equity and strong credit, and, without all three, the best rates of the day remain out of reach. Do something about your credit score.

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Better Credit Scores Get Better Mortgage Rates

November 2, 2010

Mortgage approvals are primarily based on good income, good equity and strong credit, and, without all three, the best rates of the day remain out of reach. Do something about your credit score.

Read the full article →

What’s Ahead For Mortgage Rates This Week : November 1, 2010

November 1, 2010

All things considered, it’s dangerous to float a mortgage rate this week. If you’re not already locked, talk to your loan officer prior to Wednesday afternoon.

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Foreclosure Activity By Metro Area, Q3 2010

October 29, 2010

Foreclosures are a big part of the housing market, with distressed properties accounting for 35 percent of all home resales last month, according to the National Association of REALTORS®. But for as common as foreclosures can be, they remain a localized concern.

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New Home Housing Stock Drops To A 5-Month Low

October 28, 2010

After improving 1 percent in August, New Home Sales popped another 7 percent in September. It’s no wonder homebuilder confidence is at a 5-month high.

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Home Values Up 0.4 Percent In August, On Average

October 27, 2010

The Federal Home Finance Agency’s data showed values up 0.4 percent nationwide, on average. Region-by-region, however, the results were scattered. Coastal states tended to perform poorly. Plains states tended to perform well.

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Existing Home Sales Jump; Housing Market Shows Spark

October 26, 2010

“Deals” were in ample supply this summer and eager home buyers snatched them up.

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What’s Ahead For Mortgage Rates This Week : October 25, 2010

October 25, 2010

The dollar was strong in the first part of last week, then weakened through Friday’s close with the G-20 meeting looming. Mortgage rates trended along similar lines.

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Time To Refinance? Mortgage Rates Down 1.00 Percent Since April.

October 22, 2010

The rate-and-fee combination you’d get in your home state is different from the rate-and-fee combination you’d get if you lived somewhere else. In the West, rates are low and fees are high; in the Southeast, it’s the opposite.

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