From the category archives:

Mortgage Information

The Housing Market Update

U.S. consumer sentiment rose to its highest level in more than four years in early May as Americans remained upbeat about the job market, a survey released on Friday showed. The Thomson Reuters/University of Michigan's preliminary May reading on the overall index on consumer sentiment improved to 77.8 from 76.4 in April, topping forecasts [...]

Read the full article →

Where do I want to live?

…an important first question to consider when looking for a home! Establishing what price range you are qualified. One good way to get a feel for areas and prices is to go to open houses. You will quickly know which areas have houses in your price range. While it is fun to look at bigger [...]

Read the full article →

Mortgage Guidelines Resume Tightening Nationwide

Despite an improving U.S. economy, the nation’s banks remain cautious about what they will lend, and to whom. Last quarter, by a margin of 3-to-2, more banks tightened residential mortgage lending standards for “prime borrowers” than did loosen them. A “prime borrower” is defined as one with a well-documented credit history, high credit scores, and [...]

Read the full article →

Nevada Relinquishes “Top Foreclosure State” Title

According to foreclosure-tracking firm RealtyTrac, foreclosure filings fell to 199,000 in March 2012, a 17 percent decrease from March 2011. Last month marks the first time since July 2007 that foreclosure filings numbered less than 200,000 on a monthly basis — a span of nearly 5 years. The generic term “foreclosure filing” is used to group [...]

Read the full article →

The Housing Market Update

Housing Supply Decreases, Good for Housing: In the latest release of the National Association of Realtors' Existing Home Sales report, there were some very interesting facts. Even though they reported a month-over-month decrease of 2.6% in existing home sales, they revised February's data upward. The NAR said even with March's decline, the pace of [...]

Read the full article →

Before you start shopping for a house…

It would be unfortunate to put all the time and emotional effort into looking for a home only to find out you could not get a loan. Since most of us do not have cash to pay for a home then you will have to apply for and obtain a mortgage loan. You will need, [...]

Read the full article →

Why The Mortgage Companies Keeps Asking You For More – Remember the ‘Rule of 2′

Read the full article →

The Housing Market Update

Housing Poised for Spring Recovery: Five years after the U.S. housing bust sent sales and prices plunging, the spring home-buying season is pointing to a long-awaited recovery. Reduced prices, record-low mortgage rates, higher rents and an improving job market appear to be emboldening many would-be buyers. Open houses are drawing crowds. A wave of foreclosures is leading [...]

Read the full article →

Jobs Report Due Friday; Mortgage Rates Expected To Change

If you’re out shopping for a home this week, or trying to lock a mortgage rate, with Friday comes home affordability risk. Consider locking your mortgage rate today. The March Non-Farm Payrolls report is due for release Friday morning and mortgage rates are expected to move. Unfortunately for the home buyers and rate shoppers of [...]

Read the full article →

The Housing Marketing Update

Bull Market in Bonds Nearing an End? U.S. consumer confidence rebounded to its highest level in more than a year in March as optimism about jobs and income overcame higher prices at the gasoline pump, said a survey released on Friday. The Thomson Reuters/University of Michigan's final March reading for the overall consumer sentiment index [...]

Read the full article →

← Previous Entries