The Fed’s April Minutes Push Mortgage Rates Even Lower

May 20, 2010

After starting the day in the red, mortgage rates rebounded Wednesday afternoon after the Federal Reserve released its April 27-28, 2010 meeting minutes.

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Housing Starts Rise In April, Exerting Downward Pressure On Home Prices

May 19, 2010

Home prices are based on housing’s supply and demand. For the next few months, supply should elevate, helping prices remain suppressed, after which, supply should dwindle. The best time to buy a home, therefore, may be right this very minute.

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The Right Way To Take A Cash Gift For Downpayment

May 18, 2010

As lenders tighten mortgage guidelines, minimum downpayment requirements are increasing. It’s leading to an increase in the number of buyers accepting cash gifts from family. There’s a right and wrong way to accept a gift.

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What’s Ahead For Mortgage Rates This Week : May 17, 2010

May 17, 2010

Mortgage markets improved last week — but barely — as ongoing doubt surrounding the health of Greece and the Euro pushed additional investors into safe assets, including mortgage bonds.

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Your Mortgage Approval Isn’t Final Until It’s Funded

May 14, 2010

A mortgage approval is never final until it’s funded. A host of things can “go wrong” while your home loan is underway. Some are in your control, many more are not. And just being aware of some potential pitfalls could help save your loan down the road, and your peace of mind today.

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Foreclosure Activity Slows For The First Time In Several Years

May 13, 2010

According to foreclosure-tracking firm RealtyTrac.com, the number of foreclosure notices dropped 2 percent between April 2009 and April 2010. 2 percent may not seem like much, but it’s the first time in the history of the RealtyTrac report that the annual foreclosure rate has dropped.

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Relocate America’s Top 100 Places To Live (2010 Edition)

May 12, 2010

Relocate America recently released its 2010 list of Top 100 Places To Live In America. The rankings are topped by some cities you may expect, and some you may not.

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Shopping For Mortgage Rates Is Part Research Skills, Part Luck

May 11, 2010

Shopping for mortgage rates takes more than good research skills. It takes a little bit of luck, too.

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What’s Ahead For Mortgage Rates This Week : May 10, 2010

May 10, 2010

Mortgage markets improved to their best levels of 2010 last week, aided by events half a world away and ongoing safe haven buying. Greece’s debt problems continue to help mortgage rate shoppers around the country.

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Markets Ignore The April Jobs Report And It’s Good News For Mortgage Rates

May 7, 2010

Despite 290,000 jobs created in April 2010 — nearly twice the expected amount — and a 40 percent upward revision of March’s numbers, mortgage rates are essentially unchanged. In a normal environment, rates would be higher. Today is not normal.

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