From the monthly archives: November 2009

First Time Home Buyer Programs

On November 30, 2009 By

Becoming a first time home owner is no small challenge. Our goal with this site is to provide you with the information needed to make the intelligent choice when looking for loans for first time home buyers.

Did you know that nearly every state has programs to help first time home buyers? States offer different [...]

Continue Reading →

Mortgage Rate Projections – Week of November 30, 2009

On November 30, 2009 By

Mortgage markets improved last week in a set of circumstances that should have worked against them.

The economic news was, as a whole, positive.

Continue Reading →

Chicago Loan Rates At One Year Lows

On November 30, 2009 By

We are currently in the middle of not only the lowest , but also the longest prologed level at any level of interest rates. The that has dotted the markets for over 18 months is, surprisingly, [...]

Continue Reading →

(Part of) Why Mortgage Rates Are Back To All-Time Lows

On November 27, 2009 By

Homes are back at their most affordable levels of all time.

Continue Reading →

Interest Rates Keep Fighting

On November 27, 2009 By

are, again, improving today.  The stock market is getting bruised and battered.  Loan rates opened today on a bad note as there is a major debt issue brewing in Dubai.

Uncertainty is nearly always bad for the stock market and often good for the [...]

Continue Reading →

Interest Rates Continue to Drop

On November 25, 2009 By

refuse to go up.  In another positive trading session yesterday, rates inched even lower.  Clearly, the risks of rates going up outweigh the potential advantages of waiting to see if they nudge any lower.

Until then, it’s fun to write these posts with 4.625% [...]

Continue Reading →

Home Price Index Shows Home Values Increasing. Case-Shiller Agrees.

On November 25, 2009 By

have turned a corner.

According to the Federal Housing Finance Agency, the Home Price Index posted its first quarterly increase since 2007 last quarter.

This news hit yesterday and it is an interesting metric. It’s large in scope, accounting for every home sold [...]

Continue Reading →

Mortgage Rates Rally to 2009 Lows

On November 24, 2009 By

In a death blow to , the markets continue to write history as they go.  There’s a global race between countries to devalue their currencies right now.  The U.S. is “winning.”  Big time.

The 15 Year Fixed is 4% paying one point.  The [...]

Continue Reading →

Existing Home Sales Spike

On November 24, 2009 By

Once again, another piece of evidence that the housing market is in recovery.

Existing surged in October as the nation’s homebuyers took advantage of low , softer Continue Reading →

Mortgage Rates Improving Again

On November 23, 2009 By

were a little beat up this morning, but are again beginning to fight back.

This week will be paced by record auction after record auction from the Treasury.  That should develop into the primary story throughout the week.

November 23rd Mortgage Rates No Origination [...]

Continue Reading →