In a fairly substantial shift in policy, the FHA will allow the $8,000 first-time homebuyer tax credit to be used directly toward a home purchase when using an FHA loan.

By injecting this money into the homebuyer’s hands much more quickly than v

Conforming mortgage rates skyrocketed yesterday.  It was the sharpest one-day surge in mortgage rates in recent history. Perhaps ever.

For mortgage rate shoppers swept up in the surge, monthly payments are now higher by $29 per $100,000 borrowed.

That’s a significant shift. For as rare as Wednesday”s events were, though, middle-of-the-day, 0.625 percent rate changes [...]

Mortgage markets reacted poorly to not-as-strong-as-expected housing data and employment data last week causing mortgage rates to rise on the week overall.

It was the third time in 4 weeks that mortgage rates were up.

To the detriment of rate [...]

Mortgage rates fell after the Federal Reserve released its April 28-29, 2009 meeting”s internal notes Wednesday.

Officially known as “Fed Minutes”, the report is an in-depth account Federal Reserve”s last get-together, detailing the discussions and decisions that create our country”s monetary policy.

It”s the lengthy companion to the Federal Reserve”s brief, post-meeting press release.

For [...]

According to the American Resort Development Association, there are more than 4 million timeshare owners across the United States. There are ample buying opportunities, but what if you want to sell your timeshare?

In this 4-minute piece with NBC”s The Today Show, Barbara Corcoran talks about [...]