First Time Home Buyers
From the monthly archives: November 2009
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 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 →We are currently in the middle of not only the lowest mortgage rates, but also the longest prologed level at any level of interest rates. The volatility that has dotted the markets for over 18 months is, surprisingly, flat.
Home Affordability
Just taking a glance at these numbers, here is what is happening to home [...]
Continue Reading →Homes are back at their most affordable levels of all time.
Continue Reading →Mortgage rates 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 mortgage-backed securities market. Today, that’s what is unfolding. The [...]
Continue Reading →Mortgage rates 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% 30 year fixed rates.
Current Mortgage Rates
No [...]
Continue Reading →Home prices 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 in the country that backs a mortgage bound for [...]
Continue Reading →In a death blow to mortgage rate predictions, 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 30 Year is 4.75% no points. The 5/1 ARM is, [...]
Continue Reading →Once again, another piece of evidence that the housing market is in recovery.
Existing Home Sales surged in October as the nation’s homebuyers took advantage of low mortgage rates, softer home values and the tax credit.
Home supply is down to 7 months nationwide now and that’s the best level since February 2007.
This [...]
Continue Reading →Mortgage rates 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 Fees or Origination Points On These Rates, Read Assumptions [...]
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